Sustainable Finance

Sustainable Finance

This subtopic provides guidance on the scope and requirements of the EU regulation on sustainability-related disclosures in the financial services sector and impact of the EU Taxonomy Regulation. It also discusses the EU environmental social governance (ESG) integration measures and the United Nation-supported Principles for Responsible Investment (PRI), Principles for Sustainable Insurance (PSI), Principles for Responsible Banking (PRB) and the Financial Stability Board’s (FSB)’s task force on climate-related financial disclosures (TCFD).

This subtopic

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Latest Ireland - Banking & Financial Services News

ECB publishes second progress report preparation phase of the digital euro

The European Central Bank (ECB) has issued its second progress report on the digital euro preparation phase, highlighting key developments since the first report in June 2024.

ECB announces changes to Eurosystem collateral framework

The European Central Bank (ECB) has announced changes to the Eurosystem collateral framework to improve harmonisation, flexibility, and risk efficiency. Key changes include integrating temporary collateral easing measures into the permanent general framework and gradually phasing out the remaining temporary measures. Pools of non-financial corporate credit claims and credit claims with COVID-19 public guarantees will remain eligible under the temporary framework until at least end-2026, with other changes entering into force no earlier than Q4 2025. Additionally, national central banks may terminate additional credit claim frameworks earlier.

EPC publishes updated SEPA request-to-pay rulebook

The European Payments Council (EPC) has published its version 4.0 of the Single Euro Payments Area (SEPA) request-to-pay (SRTP) scheme rulebook, set to take effect on 5 October 2025. The updated rulebook aims to simplify and clarify the SRTP scheme whilst maintaining stability. The EPC has also published the completed change proposal submission document of the 2024 public consultation, including the Board's decision on each change proposal.

European financial associations urge reassessment of RIS to align with European Union competitiveness goals

Insurance Europe, the European Banking Federation and the European Fund and Asset Management Association, along with other financial sector associations (the Associations), have issued a statement calling for European Union policymakers to reassess the retail investment strategy (RIS) in light of the European Commission's (Commission’s) competitiveness objectives, stating that the current RIS proposal contradicts the Commission’s objectives of boosting competitiveness and simplifying regulatory frameworks. The Associations recommend focusing on three key areas: simplification for firms and retail investors, streamlined sales processes, and reduction of information overload. The statement was co-signed by the various Associations ahead of the European Union interinstitutional negotiations on the RIS planned for January 2025.

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