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This policy portal provides a public interest perspective on the issues at stake and ongoing legislative debates in the field of financial regulation.

As major rules for financial institutions are set at the EU rather than national level, EU legislators play the key role. Adequate rules are of crucial importance, as the size, complexity and influence of the financial system have reached unprecedented levels. Challenges like digitalisation or accelerating climate change need to be addressed too. There is a long way to go to make finance truly serve the economy and society.

 

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12 PUBLICATIONS

Consultation response

Consultation response – EIOPA Discussion Paper on Prudential Treatment of Sustainability Risks

Consultation response – EIOPA Discussion Paper on Prudential Treatment of Sustainability Risks
Open letter

Open letter: banks and insurers must account for climate risk

In the open letter below, sent to policymakers in the European Parliament, Finance Watch and 13 partners call to include mandatory transition plans and capital requirements for climate-related risks in their review of the EU banks and insurers prudential rules.
Open letter: banks and insurers must account for climate risk
Speech

Assessing risk properly is key to enable insurance companies to invest for the long term and to tackle climate risk (ECON Hearing on Solvency II and IRRD)

At the ECON Hearing on Solvency II and IRRD, Finance Watch calls for a symetric approach to risk assessment, adapting insurance companies’ capital requirements linked to fossil fuel exposures and creating a resolution funding mechanism to avoid the transfer of losses to policyholders and taxpayers in case of failure (video here)
Assessing risk properly is key to enable insurance companies to invest for the long term and to tackle climate risk (ECON Hearing on Solvency II and IRRD)
Consultation response

Consultation response for EIOPA: climate change materiality assessments and scenarios in ORSAs

Consultation response for EIOPA: climate change materiality assessments and scenarios in ORSAs
Consultation response

Consultation response on the review of prudential rules for insurance and reinsurance firms (Solvency II Directive)

Consultation response on the review of prudential rules for insurance and reinsurance firms (Solvency II Directive)
Report

Report: A ‘silver bullet’ against Green Swans – Incorporating climate risk into prudential rules

Simple measures taken now can sever climate change-financial instability link, says a new report “A silver bullet against green swans: Incorporating climate-related financial risk into bank and insurance prudential rules”.
Report

Report – Insuring the uninsurable: Tackling the link between climate change and financial instability in the insurance sector

A Finance Watch report on how to tackle the link between climate change and financial instability in the insurance sector.
Open letter

Letter to EU policymakers to close ‘climate-finance doom loop’ through CRR, Solvency II upgrades

Finance Watch called on EU leaders not to miss the opportunity of the upcoming review of banking and insurance prudential legislation to properly integrate climate risk. The letter was sent along with the proposed amendments to CRR and Solvency II copied below.
Consultation response

Consultation response on the review of Solvency II

Consultation response on the review of Solvency II
Consultation response

Response to EIOPA consultation on sustainability within Solvency II

Response to EIOPA consultation on sustainability within Solvency II
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