EU Regulators Propose Measures to Simplify Taxonomy Reporting

The European Securities and Markets Authority, the European Banking Authority and the European Insurance and Occupational Pensions Authority issued proposals covering companies, asset managers, banks and insurers. ESMA proposed limiting the operating expenditure KPI mainly to research and development spending, with a voluntary “OpEx+” category for other items. EBA proposed narrowing or removing some banking KPIs, including fees and commissions and trading book metrics. EIOPA proposed redesigning the insurance underwriting KPI and removing some disclosures it considers unnecessary. The consultation on the proposals runs until August 12, 2026.