The European Savings and Retail Banking Group (ESBG) has issued recommendations to the European Commission regarding its forthcoming ‘omnibus’ initiative, in a position paper published on Monday 10 February (see EUROPE B13574A4, B13576A2). The ESBG “welcomes [this initiative] and supports the European Commission in its desire to simplify sustainable finance regulations”.
Regarding the EU taxonomy, the ESBG supports the initial idea of the EU taxonomy to create a common...