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EMEA

Much to Learn for EU Regulators on Greenwashing

Progress reports published by the EU watchdogs highlighted shortfalls in resources and understanding, as well as gaps in existing sustainable finance regulation.  

The European supervisory authorities (ESAs) and EU national competent authorities (NCAs) will need to build out their in-house resources and skill sets to effectively identify and handle instances of greenwashing by financial institutions, but greater guidance is recommended by observers rather than new waves of regulation.   Earlier this month,…

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