What changed
The only substantive change removes a call for stronger supervisory guidance on climate alignment. #1
1 change of substance. Each change below carries a one-line ✦ note from the same model. Written from the two texts only — read the highlighted passages before relying on it.
The changes to the text itself, in document order. Cover page, citations (“having regard to …”), standard resolution paragraphs and punctuation-only edits are left out — they are in “Show every difference”.
Change #1 Substance
Drops the call for stronger supervisory guidance, including using Pillar 2 requirements to align financial institutions with EU climate objectives.
4. Emphasises the banking sector’s role in financing the twin transition; highlights the simplification efforts under the EU’s sustainable finance framework to ensure coherence, reduce duplication and align obligations across banking, disclosure and risk-management rules; draws attention to the European Insurance and Occupational Pensions Authority’s recommendation to set higher capital requirements for stranded assets; calls for stronger supervisory guidance, including through the use of Pillar 2 requirements to align financial institutions with the EU’s climate objectives;