ISDA, AFME Respond to ECB Guide on Climate and Environmental Risks

ISDA and the Association for Financial Markets in Europe (AFME) have submitted a joint response to the European Central Bank (ECB) Guide on Climate and Environmental Risks. For the second year in a row, the ECB has identified climate-related and environmental risks as a key risk driver in the Single Supervisory Mechanism Risk Map for the euro area banking system. This four-month consultation on the ECB Guide to climate-related and environmental risks details how such risks should be managed by banks. As part of a supervisory dialogue in 2021 based on end-2020, significant institutions will be asked to inform the ECB of any divergences of their practices from the supervisory expectations described in the document. Where needed, significant institutions will be expected to promptly start adapting their practices. The industry sets out its general comments submitted as part of the consultation response.

Documents (1) for ISDA, AFME Respond to ECB Guide on Climate and Environmental Risks

Response on Commodity Derivatives Markets

On April 22, ISDA and FIA submitted a joint response to the European Commission’s (EC) consultation on the functioning of commodity derivatives markets and certain aspects relating to spot energy markets. In addition to questions on position management, reporting and...

Episode 50: The Value of Derivatives

A new report from ISDA shows that companies all over the world use derivatives to alleviate uncertainty, transfer risk and enhance profitability. ISDA discusses the findings with Boston Consulting Group’s Roy Choudhury. Please view this page via Chrome to access...