Blog
IFRS 7 and IFRS 9 Amendments: EFRAG Response
The European Financial Reporting Advisory Group (EFRAG) responds to IASB's proposed amendments on financial instruments, supporting most changes. EFRAG urges prompt publication for implementation, while raising concerns and offering suggestions.
Corporate Sustainability Reporting Directive(CSRD) Effects
The CSRD will transform financial institutions' reporting, requiring comprehensive disclosure of environmental, social, and governance aspects. It enables accurate assessment of climate-related investment risks.
Global Crypto Regulatory Framework: FSB Update
The Financial Stability Board (FSB) establishes a regulatory framework for cryptoassets, including bitcoin, to address volatility and vulnerabilities. The framework follows high-profile collapses, emphasizes stricter regulations, and supports innovation while managing risks.
ESG Risks: EBA Data Collection
The EBA collects ESG risk data from large institutions, aiding authorities in monitoring and developing a risk framework. It supports the EU's sustainable finance strategy, discontinuing when a reporting framework is established, empowering effective monitoring and achieving ESG goals.
Cybersecurity Regulation: EU Enhancing Measures
The European Council proposes to bolster EU's cybersecurity capacities, highlighting the gravity of incidents like supply chain attacks, cyberespionage, and ransomware. The focus is on preparedness, improving cybersecurity in the Digital Single Market.
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