IPE's EU Coverage – Page 26
-
NewsEC tenders studies to advance sustainable finance action plan
The European Commission wants to conduct studies looking into sustainability-related products and services, and the integration of ESG risks by EU banks
-
News
ABN Amro scheme expects ‘limited effects’ from Brexit
The €29bn pension fund sees market volatility, declining sterling and the ability to settle transactions as big risks, and has analysed suppliers’ ability to continue through multiple Brexit scenarios
-
News
Irish regulator to raise scheme levies to meet cost of EU reporting rules
New reporting requirements brought in by EIOPA and ECB are due to come into force from December this year
-
NewsESMA advises against explicit ESG analysis mandate for credit rating agencies
Watchdog says credit rating agencies should stay focused on creditworthiness, but transparency of how they consider ESG factors could be improved to help investors
-
NewsUS academics challenge whether ESG investing must be fiduciary duty
Two law professors have argued that the position taken by the PRI and others is ‘contrary to both law and economics’
-
News
EIOPA opinion on ESG misrepresents IORP II, says PensionsEurope [updated]
‘Incorrect to indicate that pension funds are required to take ESG factors into consideration as part of investment policy’
-
News
EIOPA IORP II opinions refuel prudential requirement fears [updated]
PensionsEurope said the opinions do not reflect the underlying character of the IORP II directive and reiterates fears of capital requirements being introduced ‘through the back door’
-
News
EIOPA appoints ‘extraordinary’ expert group to help with PEPP work
The panel of 21 expert practitioners will test the regulator’s proposals for Level 2 implementing measures and act as a sounding board
-
News
EC sustainable finance approach ‘could expose EU to legal risk’
Think tank argues that a confused understanding of sustainable investment ‘spoils’ the Commission’s package of measures to engage finance in the fight against climate change
-
Features
Editor's Notes: A radical ambition
Last month’s three doorstop reports from the EU’s 35-strong technical expert group (TEG) on sustainable finance have the potential to radically repurpose capital markets.
-
FeaturesEC’s expert group releases landmark climate taxonomy
The European Commission’s expert group on sustainable finance last month published its long-awaited final recommendations for a taxonomy of environmentally sustainable activities, which is at the heart of the EU executive’s plan to harness the finance sector for its fight against climate change.
-
FeaturesESG: Greenwashing under scrutiny
The term ‘greenwashing’ was reportedly coined by US environmentalist Jay Westerveld in 1986 in an essay about hotels’ practice of putting up notices in hotel rooms to encourage guests to reuse towels. He accused them of making false claims about being environmentally responsible since they only adopted such practices when they reduced costs.
-
News
ESMA consults on short-termism in financial markets
Answers to questionnaire will inform watchdog’s report to the European Commission and feed into sustainable finance work
-
News
Expert group releases climate taxonomy proposal
EC publishes guidelines for corporate reporting of climate-related information alongside three expert group reports on big day for the Commission’s sustainable finance plan
-
NewsHow the EU’s sustainability taxonomy will work for investors
Criteria for sustainable activities drawn up by EU-appointed experts could help reduce costs and reputation risks
-
FeaturesPolicies needed
The new European Commission will inherit a coherent but partially implemented Capital Markets Union (CMU) in the autumn. But much needs to be done to consolidate, refocus and re-energise this landmark constellation of policies and objectives.
-
Special ReportEurope Outlook: Behind the gloom
Pessimism abounds about Europe’s prospects but is it justified?
-
Special Report
Technology: Disparities impede EU progress
The EU is not achieving its true potential on the global technology stage because it is still not operating as a fully fledged single market
-
Special ReportEuropean benchmarks: Meet Sonia, €STR and Saron
European interest rate benchmarks reform will bring new challenges for asset managers and investors
-
FeaturesEurope belatedly turns eastwards
The EU’s lack of a common strategy to respond to the rise of China as an economic superpower suddenly came to the fore earlier this year, as Italy joined China’s Belt and Road Initiative (BRI).
