08.16.2021

ICI Comment on IOSCO Sustainability Consultation

08.16.2021
ICI Comment on IOSCO Sustainability Consultation

The International Organization of Securities Commissions (IOSCO) has issued a consultation report that urges securities regulators to consider setting regulatory expectations for asset managers regarding sustainability-related risks.

The Investment Company Institute (ICI) filed its comments with IOSCO regarding their recommendations on sustainability practices for asset managers.

Jennifer Choi, ICI Global Chief Counsel issued the following statement in connection with the ICI filing:

“IOSCO is on the right track, recognizing that sustainable finance is rapidly evolving. And well-crafted rules will provide meaningful information to investors, facilitate investor choice, and foster further innovation. To best achieve these policy objectives, we urge IOSCO to strongly encourage policymakers and regulators to take a principles-based approach and put new regulations in the right order, such as addressing corporate disclosure before fund disclosure.”

Source:ICI

Related articles

  1. Tradeweb’s credit trading solutions and data will be integrated into BlackRock’s Aladdin.

  2. Trading Europe From ‘Across the Pond’

    Despite difficult circumstances, demand for SFDR Article 9 funds remained sustained.

  3. Assessing Bond Liquidity
    Daily Email Feature

    Low Touch, High Liquidity

    Janus Henderson traders use a broad spectrum of electronic tools to optimize the search for liquidity.

  4. Florida CFO said ESG standards are being pushed by BlackRock for ideological reasons.

  5. Outlook 2016: Stephen Grainger, SWIFT

    The new regime requires a new investment playbook involving more frequent portfolio changes.