ISDA, AFME Respond to EBA on Taxonomy Disclosures Delegated Act

On August 12, ISDA and the Association for Financial Markets in Europe (AFME) responded to the European Banking Authority’s discussion paper on certain taxonomy key performance indicators (KPIs) and other aspects of the Disclosures Delegated Act  under Article 8 of the Taxonomy Regulation.

The associations strongly support the European Commission’s ongoing efforts to simplify the EU Taxonomy reporting framework and caution against the introduction of additional KPIs in the absence of clear use cases or demonstrated investor demand. The response calls for the removal of low-value KPIs, including the fees and commissions KPI and the trading book KPI, as well as KPIs introduced through frequently asked questions, noting that this would deliver meaningful simplification for firms without undermining the objectives of the taxonomy reporting framework.

The joint response also includes recommendations to further simplify the green asset ratio and broader taxonomy disclosure requirements, with the aim of improving the usability, proportionality and effectiveness of the reporting regime.

Documents (1) for ISDA, AFME Respond to EBA on Taxonomy Disclosures Delegated Act

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