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Green Rules Proposed For EU Financial Regulations

Law360, London (May 3, 2019, 6:27 PM BST) -- Europe’s top markets and insurance regulators said Friday they have proposed amendments to the bloc’s financial regulations that will push EU banks, investment firms and insurers to consider the impact of sustainable finance when offering products to their customers.

The European Securities and Markets Authority and the European Insurance and Occupational Pensions Authority penned advice for the European Commission on how it should incorporate environmental, social and governance considerations into existing EU regulations, including the updated Markets in Financial Instruments Directive and Solvency II.

The amendments will ensure that investors and financial firms are aware of the risks of climate change...

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