Review could permit greater interoperability with fund-labelling, disclosure regimes in other jurisdictions.
ESMA maintains that industry’s monitored self-regulation regime should continue, amid persistent concerns over conflicts of interest.
Progress reports published by the EU watchdogs highlighted shortfalls in resources and understanding, as well as gaps in existing sustainable finance regulation.
Finance Watch prioritises transparency and clarity in recommendations to the European Commission, after consultation highlights “significant biases”.
Asset managers afforded greater flexibility, but investors left uncertain on what counts as sustainability-focused investment.
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