The amendments will enter into force on 27 March 2023.
ECB has published its first climate-related financial disclosures, which provide information on its portfolios’ carbon footprint and exposure to climate risks, as well as on climate-related governance, strategy and risk management.
Presented in two reports, the disclosures cover the Eurosystem’s corporate security holdings under the corporate sector purchase programme (CSPP) and the pandemic emergency purchase programme (PEPP), as well as the ECB’s euro-denominated non-monetary policy portfolios (NMPPs), including its own funds portfolio and its staff pension fund.
ESMA has fined S&P Global Ratings Europe Limited (S&P) a total of EUR 1,110,000, and issued a public notice for breaches of the Credit Rating Agencies Regulation (CRA Regulation).
ESMA found that S&P published credit ratings before the concerned securities were issued by the rated entities and announced to the market.
This was due to internal control failures and led to breaches by S&P of its transparency obligations.
