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Funds Europe: Eighty-five percent of limited partners (LPs) say poor fund administration has negatively impacted future allocation decisions. This isn’t a marginal concern, it’s a strategic inflection point.
ESG News: European Ombudsman Teresa Anjinho has formally asked the European Commission to explain why it bypassed key procedural steps in preparing its Omnibus I proposal to scale back sustainability rules for businesses.
ESG Today: Banks in the EU have made “significant strides” in addressing and managing climate and nature-related risks, according to European Central Bank (ECB) Executive Board Member and Supervisory Board Vice-Chair Frank Elderson, with major increases in advanced practices in place to identify, monitor these risks made by banks in just the past few years.
Funds Tech: 21X, a Frankfurt-based fintech, has partnered with SwissFinTechLadies (SFTL), a network of women in finance, tech and blockchain, to promote diversity across Europe’s financial sector.
ESG Today: EU markets regulator the European Securities and Markets Authority (ESMA) announced the release of a new thematic note aimed at guiding market participants including issuers and fund managers on its expectations for sustainability-related claims, and avoiding greenwashing risks in investor communications.
Funds Europe: According to the latest Fund Flow Index from funds network Calastone, equity funds saw outflows of £98m during the month (inflow of £525m in May), while bond funds saw inflows fall to £195m (£328m in May) and safe-haven money markets saw inflows rise to £218m (£85m in May).
ESG News: Regional perceptions are evolving. North American and European companies showed the largest increase in viewing sustainability as a value driver—up 9 and 10 points respectively. Meanwhile, APAC companies reported a shift toward risk management.
ESG News: Europe’s financial supervisory bodies have unveiled draft guidelines to embed ESG risks into the mandatory stress tests for banks and insurers across the European Union.
Funds Europe: The European Securities and Markets Authority’s (Esma) new ESG fund naming guidelines have led to rebranding, particularly among passive funds, though most strategies have remained intact, according to data provider Morningstar.
Investment Executive: Europe’s financial regulators are consulting on a common approach to incorporating environmental, social and governance (ESG) factors into stress testing across the financial sector.
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