Sustainable Finance Disclosure in the EU Financial Sector

2020 ◽  
Author(s):  
Danny Busch
Keyword(s):  
Financial Sector ◽  
Sustainable Finance ◽  
The Eu

Taxing the EU Financial Sector: Who Pays?

CFA Magazine ◽  
2011 ◽  
Vol 22 (5) ◽  
pp. 49-49
Author(s):  
Agnès Le Thiec
Keyword(s):  
Financial Sector ◽  
The Eu

Sustainable Finance in Europe

2022 ◽  
pp. 114-130
Author(s):  
Sonia Marcos ◽  
Maria-Jesús Castrillo
Keyword(s):  
Economic Activity ◽  
Future Application ◽  
The European Union ◽  
Information Costs ◽  
Investor Confidence ◽  
Environmentally Sustainable ◽  
Financial Products ◽  
Sustainable Finance ◽  
Voluntary Basis ◽  
The Eu

The European Union has a clear strategy on how sustainable development should be financed. However, there is still no regulation that defines which activities can be considered sustainable and which cannot. Private initiative has taken the lead in recent years with the publication of different taxonomies and principles applicable on a voluntary basis to green financial products and social projects. The EU taxonomy, issued in 2020, establishes criteria to determine whether an economic activity is environmentally sustainable, and the green bond standard is in the consultation period in 2021. The EU taxonomy will increase investor confidence in green financial products, prevent greenwashing, and reduce information costs. This chapter reviews the evolution and future application of the EU taxonomy, the EU green bond standard, and the need to adopt a taxonomy for socially sustainable activities.

scholarly journals Oil Price and Stock Prices of EU Financial Companies: Evidence from Panel Data Modeling

Energies ◽  
2019 ◽  
Vol 12 (21) ◽  
pp. 4072 ◽  
Author(s):  
Alexandra Horobet ◽  
Georgiana Vrinceanu ◽  
Consuela Popescu ◽  
Lucian Belascu
Keyword(s):  
Panel Data ◽  
Crude Oil ◽  
Stock Prices ◽  
Financial Sector ◽  
Oil Price ◽  
Real Economy ◽  
Macroeconomic Variables ◽  
Long Run ◽  
Oil Price Risk ◽  
The Eu

Crude oil is an indispensable resource for the world economy and European Union (EU) countries are strongly dependent on oil imports. In a framework defined by generally positive correlations between oil and stock prices, the paper investigates the relationship between financial companies’ stock prices and crude oil price using a sample of major financial companies headquartered in the EU. The link between stock prices and oil price risk is modelled using a set of macroeconomic variables that includes local stock market indices, the EUR/USD exchange rate, the oil imports dependency, inflation rate, and global volatility indices. We employ panel data as the base econometric model and an ARDL extension that is more appropriated for our research objectives. Our findings show that the EU financial sector is pervasively exposed to oil price changes over the long-run and this exposure is a component of financial companies’ exposure to real economy risk factors, which points towards the key role of the financial sector in the EU economy in transmitting systemic shocks. At the same time, we detect signs of a different behavior of market investors over the short-versus the long-run concerning the valuation of financial companies’ stock prices in relation to oil price and other macroeconomic variables, which raises distressing challenges for financial authorities.

scholarly journals Ukrainian Banking Regulation: Its Challenges and Transition towards European Standards

2017 ◽  
Vol 2 (1) ◽  
pp. 1-81
Author(s):  
Olga Afanasyeva ◽  
Armin J. Kammel
Keyword(s):  
Strong Support ◽  
Financial Sector ◽  
Banking Regulation ◽  
Association Agreement ◽  
Formal Basis ◽  
Regulatory Measures ◽  
European Standards ◽  
The Eu

AbstractFor the last years, Ukraine and particulalry its financial sector were seeking to gradually apply and comply with EU standards. Latest with the signing of the EU-Ukraine Association Agreement in 2014 the transition towards EU standards has a formal basis. Since then, Ukraine – with strong support from the EU – is in the process of implementing legislative and regulatory measures in order to comply with this Agreement. Against this background, this contribution wants to shed some light into Ukraine’s efforts as well as to explain some of the complexities of this process by providing an in-depth background of the current Ukrainian banking regulation, its economics and the challenges of complying with new EU standards.

On the impacts of allowance banking and the financial sector on the EU Emissions Trading System

2020 ◽  
Vol 5 (2) ◽  
Author(s):  
Sotirios Dimos ◽  
Eleni Evangelatou ◽  
Dimitris Fotakis ◽  
Andreas Mantis ◽  
Angeliki Mathioudaki
Keyword(s):  
Emissions Trading ◽  
Financial Sector ◽  
Trading System ◽  
Eu Emissions Trading System ◽  
Emissions Trading System ◽  
The Eu

scholarly journals Sustainable finance initiatives and their impact on financial stability

2020 ◽  
Vol 20 (4) ◽  
pp. 118-133
Author(s):  
Klaudia Zielińska-Lont
Keyword(s):  
Sustainable Development ◽  
Financial Stability ◽  
Financial Sector ◽  
Financial Instruments ◽  
Potential Threat ◽  
Sudden Loss ◽  
Sustainable Finance ◽  
The Subject ◽  
Potential Impact ◽  
The Impact

The article discusses the potential impact of sustainable finance initiatives on financial stability. A careful literature review on the subject of sustainable development and stability of the financial sector is performed in order to identify potential gaps in policies and regulations. Existing considerations around the impact of sustainable development efforts focus exclusively on the consequences of climate change for the portfolio of assets held by the financial sector, whereas the author examines the growing market for sustainable financial instruments as a potential threat. The results indicate that sustainability features of new financial instruments are not methodically evaluated in the context of their credibility and may therefore suffer from sudden loss of value that is not accounted for under the existing supervisory mechanisms. Inconsistent definitions and no single perception of sustainability further enhance the risk for investors and issuers and that risk needs to be accounted for under the mechanisms safeguarding financial stability.

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