ESG changes to MiFID II product governance regime
Related people
Headlines in this article
Related news and insights
Blog Post: 04 December 2023
ESMA publishes risk analyses on decentralised finance and smart contracts
Publications: 04 December 2023
Publications: 01 December 2023
Publications: 01 December 2023
Overall, the changes are intended to put “sustainability considerations” at the heart of the EU financial system. They are also intended to “turbo charge” the European Commission’s efforts to redirect private capital into efforts to “green” the EU, plus avoid greenwashing. One strand of the changes being made is a requirement for relevant firms to incorporate certain ESG considerations into their product governance arrangements.
This briefing gives further detail on this new requirement and draft ESMA guidance.