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Central banks & regulators
Regulation should address 'basic deficiencies in the system' but not inhibit innovation, say managers.
Barclays research finds average ratio one-third of what banking regulator expected, flags issues with SME and non-EU exclusions.
Investors are asking providers to exclude companies with dual-class structure 'without sensible sunset clause' and consider building bespoke indices.
UK financial regulator also mulls requirements for prospective issuers to provide climate transition plan 'summary'.
India’s recent budget presentation said government will develop climate taxonomy, two years after initial proposal was submitted.
Recent Supreme Court decisions will be a headwind but not a huge blow to SEC's climate rule and ESG enforcement, say lawyers.
Banks face possible new requirements around developing transition plans and assessing client resilience to ESG risks.
Emerging markets need transition finance to accelerate decarbonisation. Chaitra Nayak outlines what is needed to support this mobilisation in India.
-80x80.png "People & Appointments: Aon loses UK head of RI")
The latest ESG movers and shakers: Border to Coast's head of RI steps down; Marin replaces Boissinot as head of NGFS secretariat.
Europe’s central bank says it will take ‘remedial action' on pathway deviations as staff pension fund almost entirely ditches fossil fuels.