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Take Five: The Waiting is Almost Over

Chris Hall

Clearing’s present danger – Financial market infrastructures are waking up to climate risks, even as some central banks are scaling back their work in this area. The terms of reference for the review seem intentionally broad, emphasising “long-term value creation” and seeking to avoid reporting burdens and unintended consequences.

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A Missed Opportunity

Chris Hall

The concept of assessing what effective stewardship should look like was first introduced by the FCA in 2019 in a joint effort with the Financial Reporting Council (FRC), setting the groundwork which helped define what the minimum expectations should be for financial services firms investing on behalf of clients and beneficiaries.