Sustainable Finance and ESG
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FIA EPTA response to the FCA Consultation Paper on Extending the Sustainability Disclosure Requirements (SDR) regime to Portfolio Management (CP24/8**)
FIA EPTA members welcome the actions and responsibilities taken by the FCA, FIA EPTA members believe that the sustainability disclosure requirements are important and needed to build trust in ESG/Sustainable products and help (end)investors make meaningful investment decisions.
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FIA EPTA response to the FCA CP on D&I in the Financial Sector - Working Together to Drive Change
FIA EPTA members support the FCA's aims to improve diversity and inclusion in the financial sector; as it is an important component of creating sustainable financial markets. In addition, FIA EPTA members believe that supporting healthy work cultures, unlocking talent and creating an inclusive atmosphere within firms can further support the international competitiveness of the UK’s financial services sector.
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FIA EPTA response to the European Commission CP on the implementation of SFDR
FIA EPTA members believe the European Union has taken a leadership role in creating a global baseline for regulatory initiatives to support the transition. In particular, the EU has developed a regulatory framework to enhance transparency and harmonisation in sustainable investment based on an agreed green taxonomy. SFDR is an important part of the EU’s promise of promoting sustainable investing.
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FIA EPTA publishes paper on important role of ETDs in green transition
While the Sustainable Finance Disclosure Regulation intends to ensure investments are environmentally and socially responsible, current restrictions on ETDs may inadvertently hinder progress, paper says.
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FIA EPTA Response to the Consultation Paper on Draft Voluntary Code of Conduct for ESG Ratings and Data Product Providers developed by the ESG Data and Ratings Working Group (DRWG)
FIA EPTA welcomes the opportunity to respond to the Consultation Paper developed by the ESG Data and Ratings Working Group (DRWG). In addition, FIA EPTA members welcome the actions and responsibilities taken by the UK Government, HMT and the FCA who established the DRWG in 2022.
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FIA EPTA response to the EBA CP on Draft Guidelines on the benchmarking of diversity practices including diversity policies and gender pay gap
Although FIA EPTA members agree that transparency in general, and more specifically benchmarking, will contribute to achieving these objectives, we are of the opinion that especially the level of detail of the questions regarding the diversity policies are not appropriate in the light of these objectives and/ or need further clarifications.
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FIA EPTA response to the ESA’s Consultation Paper on the Review of SFDR Delegated Regulation regarding PAI and financial product disclosures
FIA EPTA members believe that exchange-traded derivatives (ETDs) are a key component of mature secondary markets. The recent growth in demand for listed ESG derivatives demonstrates that these products are a core component of sustainable investment strategies, especially since the availability of liquid and transparent derivatives significantly reduces funding and financing costs for equity and bond issuers in primary markets. The proposed approach by the ESAs would unduly disincentivise the use of derivatives in the affected financial products since any exposures to derivatives could not be counted toward the Taxonomy-alignment ratio. This would make it more difficult for end-users to use ETDs for managing their financial risks and in the process undermine the goal of having safe, liquid, and efficient markets that can support the green transition.
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FIA EPTA Response to HM Treasury Consultation on the Future regulatory regime for Environmental, Social, and Governance (ESG) ratings providers
FIA EPTA members welcome the opportunity to respond to HM Treasury’s CP on the Future regulatory regime for Environmental, Social, and Governance (ESG) ratings providers. FIA EPTA members welcome the actions and responsibilities taken by the UK Government and HMT and believe that regulation of ESG rating providers is important and needed to build trust in ESG data and products and help (end)investors make meaningful investment decisions.
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FIA EPTA response to the FCA DP on Finance for positive sustainable change: governance, incentives and competence in regulated firms (DP23/1)
FIA EPTA welcomes the opportunity to respond to the Financial Conduct Authority (FCA) Discussion Paper (DP) on Finance for positive sustainable change: governance, incentives and competence in regulated firms (DP23/1). FIA EPTA members believe that all parts of Financial Services should contribute to the transition towards sustainable capital markets. Because of the wide variety of financial services firms and their different objectives within the trading infrastructure; FIA EPTA members believe that not a one-off approach is feasible to be workable for all.
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FIA EPTA survey: Half of European market makers provide liquidity in ESG products
FIA EPTA, which represents Europe’s leading independent market making firms, conducted the survey in February, with 19 of its 24 member firms across Europe (EU and UK) participating.
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