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Insurance Europe supports simplifying the EU’s Taxonomy Regulation, advocating for reduced reporting burdens. It calls for suspending the insurance underwriting KPI, introducing a 10% materiality filter for the investment KPI, and simplifying reporting templates. The industry backs EU efforts to enhance sustainability while ensuring practical and effective regulatory measures.

En 2024, la France vit plus que jamais dans une « société du risque» face aux tensions géopolitiques, au décrochage économique européen et à l'aggravation des risques climatiques (année la plus chaude, événements naturels coûteux). Les Français se sentent vulnérables et inquiets face aux risques de guerre et à la capacité future d'assurer les risques climatiques et autres. Le secteur de l'assurance, bien que créateur d'emplois et gérant un grand nombre de sinistres (dont le coût des événements naturels a atteint 5 milliards d'euros en France), fait face à une hausse de la sinistralité (dégâts des eaux, sinistres graves pour les professionnels, cyberattaques, sinistralité agricole record) et des coûts (réparation automobile, dépenses de santé).

EIOPA highlights the lack of consistent regulatory treatment for crypto assets in the (re)insurance sector, raising concerns about risk sensitivity. Current capital weight options may underestimate crypto risks. To ensure prudence, EIOPA proposes a uniform 100% capital requirement for all crypto holdings. This approach balances risk management with simplicity while acknowledging that future market growth may require revisions. A review of crypto treatment under Solvency II is recommended as the sector evolves.

The report assesses regulatory capital requirements, leverage ratios, liquidity metrics, and the implementation of total loss-absorbing capacity (TLAC) standards.It provides insights into the banking sector's resilience and the effectiveness of Basel III reforms.Detailed analyses and underlying data are provided.

The EBA report highlights payment fraud, driven by social engineering circumventing security, as the top concern for EU consumers. Rising indebtedness due to "Buy-Now-Pay-Later" schemes and poor lending practices is the second key issue. Thirdly, unwarranted de-risking limits vulnerable consumers' access to essential payment accounts. The EBA will consider actions in 2025/26 to address these issues and enhance EU consumer protection.

Quantifying ESG risks is challenging due to unique measurement issues beyond traditional financial risks, hindering firm-level and systemic analysis. Concentrated ESG investments by large institutions correlate with systemic risk, as their simultaneous decisions can destabilize markets. Regulatory frameworks promoting diversification are needed to address this "herd behavior." Further research should explore how ESG risks create hidden systemic vulnerabilities.

« Dans le contexte de la mise en œuvre de DORA, l’ACPR vient, à travers la mise à jour de sa FAQ, préciser certaines informations relatives aux nouvelles obligations qui s’appliquent aux entités financières concernant notamment : les modalités de remise du registre d’information, la réalisation de tests d’intrusion ou le champ d’application de cette nouvelle règlementation. »

The paper examines how managers strategically adjust the tone of soft information in ESG reports to maximize compensation. It highlights the trade-offs between exaggeration, internal controls, and future reputational costs. Strong incentives with weak controls lead to extreme biases, impacting regulatory decisions, corporate governance, and investor evaluations of ESG disclosures.

EBA launched a climate risk dashboard based on banks’ Pillar 3 ESG disclosures. This tool provides centralized access to climate risk indicators, aiding assessment and monitoring across the EU/EEA banking sector. Data reveals that over 70% of bank exposures are linked to high climate-impact sectors, while less than 30% face elevated physical risk. Many loans secured by immovable property have high energy efficiency scores, though estimates are widely used. The dashboard, based on 2023-2024 data, marks the first step in a broader ESG risk framework, with regular updates planned.

The EBA's Q4 2024 Risk Dashboard shows EU/EEA banks maintaining strong performance. Return on equity rose to 10.5%, and return on assets reached 0.73%. Net interest margin declined slightly, but total income grew due to higher net fee and commission income. Loans to households and businesses increased, while cash balances fell. Non-performing loans decreased, except for commercial real estate. The CET1 ratio remained at 16.0%, reflecting strong capitalization. Liquidity and funding ratios stayed well above requirements. The loan-to-deposit ratio declined as deposits grew faster than loans. Overall, the banking sector remained stable and resilient.