August 6, 2020

Volume X, Number 219

August 06, 2020

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August 05, 2020

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August 04, 2020

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European Commission Published Consultation on Renewed Sustainable Finance Strategy

On April 8, the European Commission (Commission) published a consultation on its renewed sustainable finance strategy (the Consultation).

The Consultation furthers the Commission’s work on its green deal economic growth plan published in March 2018. The aim of the Consultation is to collect views and opinions of interested parties in order to inform the Commission on its renewed sustainable finance strategy, which it intends to adopt in the second half of 2020. The consultation would ensure that the Commission does not lose sight of its long term sustainability objectives during the COVID-19 pandemic.

The aim of the Consultation is to help the Commission provide a roadmap for its renewed sustainable finance strategy in the following three areas:

  • strengthening the foundations for sustainable investment. For instance, companies should move their focus away from a short-term mindset to a long-term approach to development and sustainability;

  • increasing opportunities for citizens, financial institutions and corporations to have a positive impact on society and the environment; and

  • fully managing and integrating climate and environmental risks into financial institutions and the financial system while being mindful of social risks.

The deadline for responses to the Consultation is July 15.

The Consultation is available here, and the response to the Consultation is available here.

©2020 Katten Muchin Rosenman LLPNational Law Review, Volume X, Number 101

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About this Author

John Ahern, Financial Attorney, London, Katten Law Firm
Partner

John Ahern, partner at Katten Muchin Rosenman UK LLP and head of the London Financial Services group, focuses his practice on banking, financial services, UK and European financial markets, and related regulations. His background in private practice and as in-house counsel at a global investment bank provides him with perspective on the unique regulatory issues facing the wholesale and private banking sectors. John advises multilateral trading facilities, broker-dealers and banks on trading, clearing and settlement as well as custody of securities—both physical and...

+44 (0) 20 7770 5253
Carolyn H. Jackson, International Attorney, Katten Muchin law firm
Partner

Carolyn Jackson is a partner in Katten Muchin Rosenman UK LLP and is a Registered Foreign Lawyer. She provides US financial regulatory legal advice to a broad range of market participants, including commercial banks, investment banks, investment managers, broker-dealers, electronic trading platforms, clearinghouses, trade associations and over-the-counter derivatives service providers.

Carolyn guides clients in the structuring and offering of complex securities, commodities and derivatives transactions and in complying with US securities and commodities laws and regulations. 

+44 0 20 7776 7625
Nathaniel Lalone, Katten Muchin Law Firm, Financial Institutions Attorney
Senior Associate

Nathaniel Lalone, a partner at Katten Muchin Rosenman UK LLP, has a broad range of experience in the regulation of financial products and financial markets, and frequently provides regulatory and compliance advice to trading venues, clearing houses and buy-side firms active in the over-the-counter (OTC) derivatives, futures and securities markets. He is actively involved in advising clients on the implementation of MiFID 2 and MiFIR in the European Union as well as the international reach of US financial services regulation. He also has significant experience with structuring...

+44 0 20 7776 7629
Neil Robson, private equity fund managers counselor, Katten Law Firm, London
Partner

Neil Robson, a regulatory and compliance partner with Katten Muchin Rosenman LLP, focuses his practice on counseling hedge and private equity fund managers and other investment advisers on operational, regulatory and compliance issues. He regularly addresses Financial Conduct Authority (FCA) and EU authorization and compliance under both the EU Alternative Investment Fund Managers Directive (AIFM Directive) and MiFID, cross-border issues in the financial services sector, market abuse, anti-money laundering and regulatory capital requirements, formations and buyouts of...

44-0-20-7776-7666