The European Commission’s proposals, seen by Agefi, focus on investment rather than controversial financial supervision issues.
In the context of the upcoming MiFID II review, the Association for Financial Markets in Europe (AFME) calls on policy makers to use independent data to inform policy decisions for a competitive European equities market structure.
Pointing out that the consumer investment market is not working “as well as it should”, Christopher Woolard, interim chief executive of the Financial Conduct Authority (FCA) called for inputs to restore the faith in the market.
The European Commission has followed a recommendation of the Institutional Investors Group on Climate Change (IIGCC) to propose a target ensuring 'at least' a 55% reduction in all EU greenhouse gas emissions by 2030.
Since the end of 2019, about 40 PRI signatory investors have been testing the new European “green” criteria.
German investment fund association BVI and Insurance Association GDV have jointly appealed to the European Commission to monitor US rating agencies more closely regarding the pricing of rating data.
The European Securities and Markets Authority (ESMA) launched its report on trends, risks and vulnerabilities (TRV) that underlined the risks of market-wide stress due to Covid-19 turmoil and regulating closet index funds for investor protection.
Pensioen Federatie, the federation of Dutch pension funds, said the draft regulatory techinical standards for ESG disclosure "seem designed for fairly simple retail funds."
Consulting firm PWC Switzerland and non-governmental organisation WWF have published a report in which they draw avenues for a greener but much legally constrained Swiss financial sector.
Insurance Europe’s response to a consultation by the European Commission on its inception impact assessment regarding the review of Solvency II suggests several key recommendations.