A powerful alliance of European Union financial regulators is stepping up pressure for clearer definitions of sustainable finance that it argues are needed to support the green transition and boost consumer protection.
When it finally comes in the autumn, economic issues will be to the fore in the cut and thrust of political debate at the General Election. The cost of living, taxation, growth, infrastructure investment, pensions and the welfare state are all likely to be in the headlines. Financial services regulation is unlikely to feature – but what can we expect?
Moves by the pan-European regulator EIOPA to clampdown on misleading claims by insurers and pension funds about the green credentials of products and investments have provoked a robust push back from insurers.
The complex relationship between non-bank risks and private credit, especially in the higher interest rate environment, is firmly in the Bank of England’s financial stability spotlight.
