Nos derniers articles

EIOPA submitted draft amendments to two Implementing Technical Standards under Solvency II to the European Commission. The proposals incorporate changes from the Solvency II review and aim to reduce the reporting burden by at least 25% across sectors .The amendments include reducing the frequency of certain templates, deleting some annual templates, greater use of proportionality, and technical simplifications. EIOPA states these would lower quarterly templates by 26% for solo undertakings, annual templates by 30%, and data points by 22%, with higher reductions for small and non-complex undertakings.
EIOPA expresses the view that the changes would provide meaningful benefits without jeopardizing policyholder protection or financial stability. The new requirements are set to apply from 30 January 2027, with a transitional provision for 2026 annual reporting.

#regulators recently issued #cybersecurity #disclosure guidelines to enhance #transparency and #accountability among firms. A study analyzed cybersecurity disclosure practices among a sample of Toronto Stock Exchange firms over seven years. Findings indicate a notable increase in disclosure after 2017 guidance by #canadian Securities Administrators. However, improvements are needed, especially in #governance and #riskmitigation disclosure. This study sheds light on policy's impact on cybersecurity transparency.

This paper examines the impact of #databreach #disclosure laws (DBDL) on companies' voluntary #financial disclosure behaviors. The authors use a difference-in-differences analysis to show that firms have a higher propensity of disclosing non-#gaap earnings after the adoption of DBDL, suggesting that such mandatory disclosure #regulation on #cybersecurity stimulates firms' voluntary disclosure of non-GAAP earnings.

This commentary discusses the role of #accounting in addressing #climaterisk and promoting #sustainabilityreporting. #regulators are pushing for climate risk #disclosure standards, focusing on #non_financial and forward-looking information.

It highlights the increasing #regulatory focus on #climaterisk faced by #canada's #banks, both domestically through the #osfi and globally through the adoption of guidelines proposed by the #tcfd. As regulators seek to impose more #monitoring, #disclosure, and mitigation obligations on #financialinstitutions, the article raises whether banks' #capitalrequirements should be increased to reflect the #risks associated with #climatechange.

The paper discusses the proposed #climatechange #disclosure rules by the #sec, which would mandate companies to provide detailed disclosures on the impact of climate change on their financial performance and policies. The authors conducted a study using hand-collected data from 99 annual reports of 34 S&P 500 companies from 2019 to 2021, finding that 91% of the #annualreports included some disclosures on climate-related risks. The study found a positive relationship between climate-related disclosures and firms’ financial performance.

#audit is increasingly being called upon to provide assurance on #esg#claims made by their clients, in addition to assessing the accuracy of financial numbers. The concept of #doublemateriality, which involves assessing materiality from both financial and non-financial aspects, is becoming increasingly important in audits. This paper proposes an audit approach that incorporates a “double materiality” lens of financial and ESG data to evaluate the #compliancerisk of ESG #disclosure.

"By identifying research gaps and conceptualizing a research agenda, this paper continues to serve the academia to broaden the research field of risk disclosure, esp. for banks."

“Empirical results indicate that firms with higher analyst attention, institutional ownership, and information disclosure quality rating are less sensitive to GPR [#geopoliticalrisk].”

"Our findings are consistent with the resiliency hypothesis concerning the CSR-financial performance link, as well as the remark that better CSR performance is associated with improved information transparency."