Regulatory Alerts2026-01-20
CSSF Circular 26/905: Application of EBA Guidelines on ESG Risk Management
The Commission de Surveillance du Secteur Financier (CSSF) issued Circular 26/905 to implement the European Banking Authority's Guidelines on the management of environmental, social and governance (ESG) risks. This circular mandates that supervised entities integrate ESG risk management into their overall risk management strategies and governance arrangements. It establishes specific requirements for the identification, measurement, monitoring, and control of ESG risks to ensure financial stability and regulatory compliance.
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