IRSG Comment letter – ISSB consultation on a comprehensive global baseline of sustainability disclosures
Welcoming the Exposure Drafts and the work of the ISSB towards global coherence in reporting standards.
Identifying the development of Central Bank Digital Currencies (CBDC) regulatory frameworks in the wholesale space over the next couple of years.
Supporting the commitment by the German G7 and Indonesian G20 presidencies to co-ordinate global action to tackle the global crises of the pandemic and Russia’s invasion of Ukraine.
IRSG position on the EU's published communication on “The European economic and financial system; fostering openness, strength and resilience.”
Highlighting challenges that both EU and non-EU companies face with respect to the extraterritorial application of Corporate Sustainability Reporting Directive (CSRD).
Exploring the current trajectory of current data transfer restrictions, and the impact that this could have on financial services firms and their customers.
Response to this final phase of the consultation on the UK's future regulatory framework, building on points from the report and a follow-up report produced in 2020.
Exploring the challenges the market faces in its present state and offers recommendations of steps industry, regulators and policymakers can take to futureproof the integrity and efficiency of the ESG Ratings Market.
The IRSG welcomes the content and timing of new Guidelines, in particular following the open legal questions and uncertainty post-Schrems II.
The IRSG supports market access rules that increase harmonisation across the EU, but which do not unduly constrain the access to international markets and services currently enjoyed by EU entities and citizens.
The IRSG welcomes the EU’s efforts on providing more clarity around sustainability information and reporting, but stresses the need to respect international sustainability reporting standards, in order to avoid duplication and ensure a level playing field for companies.
The government has proposed a range of reforms, which are wide-ranging and complex. The IRSG welcomes the opportunity to respond to this consultation on the UK's future legislative and regulatory data regime.
The IRSG is keen to see a system that that maintains high standards of data protection, and trust and confidence.
The IRSG stresses that it is important that market users and investors can have confidence in ESG ratings when making investment decisions.
Global Solutions to Global Problems: Promoting Regulatory Coherence in Financial Services for Pandemic Recovery
Enhanced commitment to solving issues with international co-operation.
The IRSG is comprised of leading figures from the UK financial and professional services industry.
IRSG acts through a series of workstreams in which position papers and formal responses to official consultations are prepared and agreed.
Coverage of the most recent IRSG report: Global Regulatory Coherence in Financial Services.