Notre revue
de presse

Insurance Europe backs European Commission’s proposal to delay sustainability rules

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The insurance industry supports delaying the Corporate Sustainability Reporting Directive (CSRD) and Corporate Sustainability Due Diligence Directive (CSDDD) until 2028 while negotiations continue. Insurance Europe emphasizes the need for more time to assess impacts and avoid excessive regulatory burdens. Key recommendations include reducing CSRD reporting requirements, postponing CSDDD deadlines, simplifying EU Taxonomy rules, and removing Sustainability Risk Plans under Solvency II.

Insurance Europe: Europe will reap the benefits of a 'simpler' Retail Investment Strategy

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Insurance Europe calls on the EU to simplify the Retail Investment Strategy (RIS) to improve consumer access to investment, protection, and advice. Their recommendations include streamlining the "value for money" assessment by allowing supervisors to use benchmarks without requiring peer grouping by insurers and avoiding new reporting. They also advocate for a smoother consumer journey by shortening suitability tests and removing duplicative inducement tests. Finally, they propose reducing information overload by focusing on key disclosures and avoiding overly technical cost details. These simplifications, they argue, will boost investment and EU competitiveness.

The ESAs call for vigilance amid rising geopolitical and cyber risks

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The ESAs Spring 2025 update highlights geopolitical tensions and cyber risks as major threats to EU financial stability. Trade disputes, policy shifts, conflicts, and economic fragmentation demand increased vigilance. Financial institutions face uncertainties in international markets, liquidity, and AI's role. Proactive risk management, cyber resilience, and monitoring global linkages are crucial.