10/11/2022 Sustainable finance Open letter Open letter calling on the G20 for a #SafeTransition In an open letter signed by more than 60 organisations, Finance Watch and partners called on the G20 leaders to recognise fossil fuel exposures of banks as ‘higher risk assets’...
04/11/2022 Fiscal policy Policy brief Policy Brief – “Europe’s Fiscal Framework: The People’s View?” Excessive public spending cuts in the European Union since 2009 have contributed to making citizens €3.000 a year worse-off, according to a new policy brief from the New Economics Foundation...
19/10/2022 Retail & financial inclusion Policy brief Root causes of household over-indebtedness Without strong consumer protection legislation and proper public social security systems, the risk of financial difficulty is left to chance, making people vulnerable to predatory schemes. In this short policy...
03/10/2022 Sustainable finance Report Report – A safer transition for fossil banking: Quantifying capital needed to reflect transition risk New research shows the world’s 60 biggest banks have $1.35 trillion USD of exposures to fossil fuel assets. Capital increase needed to reflect risk is equivalent to 3-5 months of...
22/09/2022 Sustainable finance Report REPORT – Financing Local Green Enterprises. Closing the funding gap for sustainable MSMEs in developing countries Finance Watch and Green Economy Coalition have compiled the findings of seven case studies conducted in developing and emerging countries, in order to make a series of recommendations (economic and...
11/08/2022 Sustainable finance Consultation response Feedback on the EFRAG exposure drafts on the European Sustainability Reporting Standards Finance Watch welcomes the EFRAG proposals for ESRS. However, some changes are needed to ensure comparability of the corporate sustainability disclosures, improve user-friendliness of the standards, prevent green and social...
09/08/2022 Sustainable finance Open letter Letter to the ISSB on its proposals for International Sustainability Reporting Standards In its letter to the ISSB on the exposure drafts for international financial reporting standards on sustainability and climate-related disclosures, Finance Watch emphasises that a fundamental change in the outside-in...
04/08/2022 Sustainable finance Consultation response Response to the EBA Discussion Paper on Environmental Risks in the Prudential Framework Finance Watch welcomes the comprehensive work the EBA (European Banking Authority) has conducted so far, in order to deliver on its mandate and investigate a potential dedicated prudential treatment of...
15/07/2022 Banking Consultation response Response to the European Commission’s consultation on State Aid for Banks in Difficulty In its response to the European Commission’s consultation on the Evaluation of State Aid Rules for Banks in Difficulty, Finance Watch highlights persistent flaws in the legal framework for the...
07/07/2022 Sustainable finance 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...
07/07/2022 Sustainable finance Consultation response Response to the FSB Consultation on Supervisory and Regulatory Approaches to Climate-related Risks In its response to the FSB consultation, Finance Watch welcomes a comprehensive summary of the current regulatory and supervisory approaches to climate risk and meaningful recommendations, but as the FSB...
05/07/2022 Retail & financial inclusion Consultation response Response to the European Commission’s Consultation on Open Finance Framework and Data Sharing in the Financial Sector In its response to the European Commission’s targeted consultation on Open Finance framework and data sharing in the financial sector, Finance Watch emphasises that the creation of this framework must...
