Archive

  • Aviva fined by Luxembourg regulator over ESG failures

    02 December 2024

    Aviva 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).

  • 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 2024

    The 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.

  • EIOPA's wake-up call for insurers on fossil fuels

    22 November 2024

    A 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

  • Gensler to depart SEC

    22 November 2024
  • EU supervisors estimate trillions in losses from 'run on brown' assets

    19 November 2024

    European 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".

  • IOSCO encourages regulators to clarify issuers' liability for transition plans

    14 November 2024

    Standard 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.

  • Invesco to pay SEC fine for charge that it overstated ESG assets under management

    08 November 2024

    Invesco 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.

  • SEBI suggests changing ESG ratings regulation to remove appeal process

    04 November 2024
  • Gaps remain despite progress on PAI reporting, as regulators told to step up scrutiny

    01 November 2024

    Gaps remain in financial institutions' reporting of the 'principal adverse impacts' (PAIs) of investments, and despite gradual improvements in some areas EU regulators were told to "increasingly challenge" investors on their reporting.