October 2019

The EU has played a leading role in the development of international climate and sustainable development policy, with a commitment to international agreements such as the UN Framework Convention on Climate Change (UNFCCC), the UN Convention on Biological Diversity (UNCBD), UN Convention to Combat Desertification (UNCCD), Sustainable Development Goals (SDGs), the Paris Agreement on climate change, the Sendai Framework for Disaster Risk Reduction and the Kigali Amendment to the Montreal Protocol.

The EU Taxonomy enables capital markets to identify and respond to investment opportunities that contribute to environmental policy. This is important for practical, disclosure-based regulation inform financial decision making and enable market participants to respond to the EU’s goals for financing sustainable growth. To accomplish these goals the EU directive requires establishing a taxonomy on sustainable economic activities, disclosure requirements related to sustainability risks and opportunities.

By leveraging the TEG on Sustainable Finance taxonomy, RIXML.org will evaluate the opportunity to collaborate with sell-side firms to drive an EU Classification schema to create a cohesive strategy. RIXML Executive Director James Ulrich wants to thank Weiyee In for his insight.

October 2019

Yesterday, RIXML was honored to have our quarterly meeting in the Hamilton Conference Room of the NYSE, hosted by Intercontinental Exchange. RIXML.org is grateful to Aram Flores, VP, Fixed Income Analytics at ICE for providing us with the opportunity to meet in this storied venue, and to Paul Kenyon, Head of Sales and Relationship Management at NYSE, for providing a warm welcome and opening remarks.

Keynote speaker Weiyee In provided an overview of the EU Technical Expert Group on Sustainable Finances and its proposal to create a taxonomy for sustainable activities, particularly on the implications and impact on equity research. This led to a discussion by meeting participants on ways in which the EU’s direction toward sustainable growth could impact equity research and on potential ways that the proposed taxonomy could fit into the RIXML standards. Roman Kitov provided the Treasurer’s Report, and RIXML Standards Committee Chair Sal Restivo highlighted the progress made during the prior quarter, as indicated by the 11 committee and working group meetings that had occurred since the prior Quarterly Meeting. Additionally, Deirdre Goldenbogen provided a wrapup of the RIXML Interactions Standard v2.0 release, and James F Ulrich shared the results of a recent member survey.

Quarterly Updates

Upcoming

January 10, 2020 - 9AM EST:

Technology Working Group monthly meeting

 

January 23 - 10AM EST:

RIXML Quarterly Meeting

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February 7 - 9AM EST:

Technology Working Group monthly meeting