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August 18, 2022

Regulatory Round-up: EU financial markets supervisors to report on greenwashing; US’s most significant climate incentives become law

In case you missed it back (like we did), back in May, the European Commission asked the bloc’s supervisory bodies to report on greenwashing risks in financial markets, related supervisory activity, and the implementation of policies aimed at preventing and addressing those risks. The European Banking Authority, the European Insurance and Occupational Pensions Authority and the European Securities and Markets Authority – will have to look at the issue “individually but in a coordinated manner”. 

EIOPA published the ‘request for input’ on its website on Monday, but ESMA had both the document and the cover letter available online with a May 16 date stamp. The ESAs will have to submit progress reports within 12 months from that date and final reports a year later.

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