EU insurers’ fossil-fuel assets should have additional capital requirements, Eiopa recommends
( November 7, 2024, 14:24 GMT | Official Statement) -- MLex Summary: Additional capital requirements for fossil-fuel assets on EU insurers’ balance sheets are recommended by the European Insurance and Occupational Pensions Authority, in its report on the prudential treatment of sustainability risks within Solvency II, published today. The recommendation aims to better align capital requirements with the risk exposure of assets and therefore ensure that the high risks of fossil-fuel assets are duly reflected. The report was submitted to the European Commission as per the mandate given to the authority.Press release follows. Report and related documents attached. ...
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.