On September 10, ISDA, the Association for Financial Markets in Europe (AFME) and the European Fund and Asset Management Association (EFAMA) submitted a joint response to the European Commission’s (EC) call for evidence on reducing the administrative burden in environmental legislation. The joint response supports the EC’s objective of reducing unnecessary administrative burdens while ensuring environmental objectives remain intact. The associations believe that simplification efforts focused on the real economy are essential to improving the quality of information, avoiding overlapping rules and enabling effective sustainable finance.
In particular, the joint response highlights the need to:
- Ensure regulatory coherence with the existing sustainable finance framework (Sustainable Finance Disclosure Regulation, Taxonomy, Corporate Sustainability Reporting Directive and sectoral rules), avoiding duplication and double reporting.
- Maintain an exemption of financial products and services from the scope of the Green Claims Directive.
- Clarify that Deforestation Regulation due diligence obligations should apply to lead operators and traders rather than downstream financial institutions, which are already comprehensively regulated under EU sustainable finance rules.
Documents (1) for ISDA, EFAMA, AFME Respond to EC on Reducing Administrative Burden in Environmental Legislation
Latest
Joint Response to 2026 US G-SIB Surcharge Proposal
On June 18, ISDA, the Securities Industry and Financial Markets Association and the Institute of International Finance submitted a joint response to US agencies on proposed changes to the surcharge for global systemically important banks (G-SIBs). The associations welcome the...
Eyeing the Basel III Finish Line
An effective regulatory capital framework relies on multiple ingredients, from appropriate drafting to rigorous testing and consultation. Even minor calibration distortions can inflate capital requirements, which could negatively affect the capacity of banks to support deep and liquid markets, with...
Joint Comment Letter on Basel III Endgame Proposal
The Institute of International Finance (IIF), the International Swaps and Derivatives Association, Inc. (ISDA) and the Securities Industry and Financial Markets Association (SIFMA) today submitted a joint comment letter to the Board of Governors of the Federal Reserve System, the...
Joint Response to 2026 US Basel III Proposal
On June 18, ISDA, the Institute of International Finance and the Securities Industry and Financial Markets Association submitted a joint response to the 2026 US Basel III notice of proposed rulemaking (NPR). The response focuses on the Fundamental Review of...