Policy and Regulation
June 7, 2022
SFDR technical clarifications highlight the challenge of consistently applying rules
The diversity of the financial markets has exposed the difficulty in applying disclosure rules, but new guidance should mitigate greenwashing while supporting sustainability. The European...
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June 7, 2022
Regulatory Briefing: EU supervisory authorities clarify SFDR's technical standards
The three EU supervisory authorities have published clarifications on the draft regulatory technical standards relating to the implementation of the Sustainable Finance Disclosure Regulation. The...
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June 1, 2022
Regulatory Briefing: EU overstated climate spending by €72bn, says ECA
The EU missed its self-imposed target of spending at least 20 per cent of its 2014–2020 budget on “climate action”, according to the European Court...
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June 1, 2022
Pressure grows for better ESG regulation following DWS raid
The resignation of DWS’s chief executive, following allegations the asset manager provided misleading information about ‘green’ investments, has further highlighted the severity of these issues....
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June 1, 2022
Regulatory Briefing: ESMA outlines guidance to combat investment fund greenwashing
The European Securities and Markets Authority has issued a supervisory briefing outlining the approach it expects national financial regulators in the EU to take on...
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June 1, 2022
ESMA asset management ESG guidance could shift supervisory approach
The EU’s securities markets regulator has issued guidance for supervision of sustainability disclosures. National regulators for EU member states are being encouraged to tighten their...
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May 30, 2022
G7 pledges fossil fuel phase-out, while pressing for short-term supply increase
Energy and environment ministers from the G7 grouping of advanced economies have made new commitments on phasing out coal power and ending international fossil fuel financing, while also grappling with...
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May 26, 2022
Regulatory Round-up: ISSB’s digital taxonomy, TNFD’s consultations, delayed timeline for the Integrity Council for the Voluntary Carbon Market
The International Sustainability Standards Board is consulting on how best to make ESG data machine-readable from the start once it publishes its forthcoming sustainability disclosure standards. The digital sustainability taxonomy...
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May 26, 2022
Regulatory Briefing: SEC proposes disclosures and 'names rule' for ESG funds
The US Securities and Exchange Commission has proposed more specific ESG disclosures for investment managers and advisers and an update to existing rules to prevent misleading fund names. Under the...
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May 26, 2022
UK fines more than 30 companies for climate change scheme breaches
Fines for British companies are announced as the government prepares to toughen up its emissions trading scheme and research shows a sharp rise in the value of carbon trading globally...
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May 26, 2022
Regulatory Briefing: Bank of England publishes green stress test results
The Bank of England’s much-anticipated climate change stress test exercise has revealed that UK banks and insurers would take a big, but manageable, hit from a failure to handle risks...
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