European enforcers target COVID-19 and climate-related disclosures

ESMA Guidelines and Recommendations

Date: 17 November 2021
On 29 October 2021, the European Securities and Markets Authority (ESMA), issued its annual Public Statement on European Common Enforcement Priorities (Statement). This year’s priorities cover the impact of COVID-19 and climate-related matters, provide guidance on the measurement of expected credit losses and highlight disclosure obligations pursuant to Article 8 of the Taxonomy Regulation.