US financial watchdog the Securities and Exchange Commission (SEC) has warned that it will come after companies who make false ESG claims or commit vital data in their disclosures. Division of Enforcement Director Gurbir Grewal reminded a conference in Washington DC that rules that applied to the selling of financial products were also relevant to claims about sustainability. He cited recent examples in which the SEC brought cases against Fiat Chrysler and Pax World Management for greenwashing. “We will continue to apply long-standing, well-known and understood regulations and standards that govern the securities industry when investigating possible misconduct,” he said.
A-Team Insight Briefs
SEC Reiterates it Has Powers to Prosecute Greenwashing
Recorded Webinar: Getting ready for Sustainable Finance Disclosure Regulation (SFDR) and ESG – what action should asset managers be taking now?
Interest in Environmental, Social and Governance (ESG) investment has exploded in recent years, bringing with it regulation and a requirement for buy-side firms to develop ESG strategies and meet disclosure obligations. The sell-side can help here by integrating ESG data with traditional financial information, although the compliance burden remains with asset managers. The EU Sustainable...
Given the surge in demand for ESG data and technology solutions to meet regulatory requirements, established financial technology and data suppliers are putting their expertise to work, creating new solutions to meet that demand. With so much going on, navigating the emerging landscape can be confusing. So what are the key ESG functions financial services...
The FRTB Briefing Virtual will examine key focus areas and priorities for banks in 2020 and offer guidance, advice and expertise for tackling the challenges and pain points around implementing the FRTB regulation.
Welcome to the ninth edition of A-Team Group’s Regulatory Data Handbook, a publication dedicated to helping you gain a full understanding of regulations related to your organisation from the details of requirements to best practice implementation. This edition of the handbook includes a focus on regulations being rolled out to bring order and standardisation to...