ECB has published the results of the Climate Risk Stress Test involving credit institutions categorised as significant.
The report provides an aggregated overview of the results at the individual bank level, summarising the main conclusions of this analysis.
Since banks and supervisors are still at an early stage of understanding how climate risks may affect banks, the CST 2022 will not have a direct impact on risk capital.
The results of the exercise will be incorporated into the annual SREP assessment.
ESMA has published an article  on the development of key retail risk indicators (RRIs) for the EU single market.
The proposed RRIs highlight risks around:

  • inexperienced investors;
  • use of digital tools by younger investors; and
  • spikes in overall trading during periods of market stress.
This development of RRIs is based on the new mandate ESMA recently received in this regard. ESMA is building on existing consumer analysis and indicators from the Trends, Risks and Vulnerabilities Reports to propose a conceptual framework that:
  • defines key terms;
  • considers how to measure risks practically; and
  • identifies sources of risk to consumers.
Within this framework, RRIs should aim to reflect market developments, especially the rise of online- or mobile-based retail trading.
The guidance is based on Commission Delegated Regulation (EU) 2021/1257 and aims at easing the implementation of the Delegated Regulation by national competent authorities (NCAs) as well as by insurance undertakings and insurance intermediaries providing advice on insurance-based investment products (IBIPs).
EIOPA provides guidance on:
  • how to help customers better understand the concept of “sustainability preferences” and their investment choices;
  • how to collect information on sustainability preferences from customers;
  • how to match customer preferences with products, based on product disclosures under the Sustainable Finance Disclosure Regulation (SFDR);
  • what arrangements are necessary to ensure the suitability of an insurance-based investment product; and
  • the sustainable finance-related training and competence expected of insurance intermediaries and insurance undertakings who provide advice on insurance-based investment products (IBIPs).
EIOPA is mindful of the underlying complexity of the regulatory framework and has, therefore, included diagrams and flow charts in the guidance to facilitate comprehension.