Securities regulators should be acting against greenwashing in the asset management industry, according to a new consultation report from the International Organisation of Securities Commissions (IOSCO) – Recommendations for Sustainability-Related Practices, Policies, Procedures and Disclosure in Asset Management.
The umbrella group of global securities regulators report is requesting feedback on proposed recommendations about sustainability-related regulatory and supervisory expectations in asset management.
The report, which focuses on investor protection issues, proposes that securities regulators consider setting regulatory and supervisory expectations for asset managers regarding sustainability-related risks and opportunities.
In addition, the proposals look to address challenges such as existing gaps in skills and expertise and the risk of fragmentation caused by divergent regulatory approaches.
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