Regulator considering how to 'streamline and enhance' reporting framework for financial institutions to ease unnecessary burdens.
The UK Financial Conduct Authority (FCA) has said it is “considering how to streamline and enhance our sustainability reporting framework” after a multi-firm review of climate reporting found that firms saw opportunities to simplify reporting burdens.
The FCA reviewed 10 entity-level and 77 product-level reports. It also spoke to trade associations and seven financial institutions in scope of the TCFD rules, which have been in place for several years for FCA-regulated asset managers, life insurers and pension providers.
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