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IOSCO urges ISSB-EU agreement on coherent sector-specific standards
10 December 2024Sector-specific sustainability disclosure standards currently being devised could undermine the 'global baseline' for reporting, the head of an influential global association of regulators said.
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Trump picks critic of climate rule to lead SEC
05 December 2024 -
Aviva fined by Luxembourg regulator over ESG failures
02 December 2024Aviva Investors Luxembourg has been fined €56,500 ($59,500) for failure to comply with disclosure laws in the country including not meeting its own sustainability-related exclusions policy, according to the Commission de Surveillance du Secteur Financier (CSSF).
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Spanish companies told to prepare CSRD reports despite country not transposing rules
29 November 2024 -
SEC likely to withdraw climate rules, former Commissioner predicts
26 November 2024The Securities and Exchange Commission (SEC) under Donald Trump is likely to withdraw a proposed rule governing climate-related financial disclosures by US companies, a former commissioner has predicted.
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EIOPA's wake-up call for insurers on fossil fuels
22 November 2024A historic decision from EU financial supervisor on higher financial risk of fossil fuel sector must be integrated in EU prudential rules write Chiara Pass and Marika Carlucci
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Gensler to depart SEC
22 November 2024 -
EU supervisors estimate trillions in losses from 'run on brown' assets
19 November 2024European financial institutions stood to lose trillions of euros from a 'run on brown' assets, financial supervisors estimated in a first-of-its-kind stress test - but the financial impacts of climate-related "transition risks alone are unlikely to threaten financial stability".
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IOSCO encourages regulators to clarify issuers' liability for transition plans
14 November 2024Standard setters and regulators have been "encourage[d]" to provide "markers on what would constitute forward-looking information" to show preparers of transition plans the extent of information they can provide without expecting to be sued.
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Invesco to pay SEC fine for charge that it overstated ESG assets under management
08 November 2024Invesco has agreed to pay a $17.5 million fine to settle a charge by the Securities and Exchange Commission (SEC) that it misled clients by claiming that a higher percentage of its assets were 'ESG-integrated' than the investor could prove.