argomento: News del mese - Diritto Internazionale e Comunitario

Articoli Correlati: ESMA - green bonds - financial risks

For the year 2021, the European Securities and Markets Authority (ESMA), the EU securities markets regulator, issued a new report on Trends, Risks and Vulnerabilities (TRV) Report, the second one for this year. The report is mainly concern with the risk monitoring activities but it also analyses the financial stability risks of cloud outsourcing, Credit Rating Agencies and green bonds. In particular, ESMA registers a risk for financial stability in the increased use of cloud service providers, which are more often used by financial institutions: specifically, these events may constitute a risk in case of an interruption. The report is also concerned with how credit ratings evolved during the exceptional period of early 2020, exploiting ESMA’s RADAR database. For what relates to environmental impact and liquidity of green bonds, ESMA studies the CO2 emissions of green bond issuers and then compares the liquidity of green and conventional corporate bonds.