On 16 January 2025, the Financial Stability Board (FSB) issued a report on the assessment of climate-related vulnerabilities.
The report is part of the FSB’s Roadmap to Address Climate-related Financial Risks and describes a framework and analytical toolkit to assess climate-related vulnerabilities using a forward-looking approach. It also includes some metrics that can
Introduction
On December 2, 2024, the United Kingdom (UK) reached a number of further environmental, social and governance (ESG) milestones.
Almost a year ago, the Financial Conduct Authority (FCA) published its final rules and guidance on Sustainability Disclosure Requirements (SDR) and investment labels. The new rules and
On 17 December 2024, the Financial Markets Standards Board (FMSB) published for consultation a Statement of Good Practice (SoGP) on the governance of sustainability-linked products (SLPs) in transparency draft. The SoGP seeks to codify good practices for the governance of SLPs and support the adoption of consistent governance approaches
In recent years, diversity and inclusion (D&I) in the financial services sector has become a focus for regulators around the world. Individual regulators, however, have taken different approaches to D&I to reflect the local socio-economic environment.
Below, we provide a high-level summary of the position across a number of key jurisdictions updating our table published
In this latest episode of our podcast series, Let’s talk asset management, Matthew Gregory, Haney Saadah and Simon Lovegrove discuss the FCA’s ‘naming and marketing’ rules under the Sustainability Disclosure Requirements. These rules came into force on 2 December 2024 although some firms have taken the ‘temporary flexibility’ offered by the FCA which gives firms
In this latest episode of our podcast series, Let’s talk asset management, Hannah Meakin, Lucy Dodson, Rebecca Dulieu and Simon Lovegrove discuss the UK Financial Conduct Authority’s recent work on non-financial misconduct and its impact on the UK asset management sector.
Listen to the podcast here.
On 14 November 2024, HM Treasury issued a consultation on a UK Green Taxonomy.
The purpose of the consultation is to establish whether a UK Taxonomy would be additional and complementary to existing policies in meeting the objectives of mitigating greenwashing and channelling capital in support of the Government’s sustainability objectives. The Government is also
On 14 November 2024, HM Treasury (HMT) published its response document to its earlier consultation on the future regulatory regime for Environmental, Social and Governance (ESG) ratings providers.
Earlier consultation
Previously HMT issued a consultation on the regulation of ESG ratings providers on 30 March 2023, and this closed on 30
On 14 November 2024, the Network for Greening the Financial System (NGFS) published a Conceptual Note on Adaptation and a Synthesis Report on the greening of the financial system.
Conceptual Note
The Conceptual Note is the first comprehensive exploration by the NGFS of climate adaptation and its implications for financial stability. It
In February this year the FCA sent a survey to over 1,000 regulated wholesale financial services firms asking a series of questions about incidents of non-financial misconduct recorded by the firms in the years 2021, 2022 and 2023. In this latest Global Regulation Tomorrow Plus episode, Katie Stephen, Hannah Meakin, Simon Lovegrove and Catherine Pluck