European Banking Authority Launches Consultation on Guidelines on ESG Scenario Analysis
Latham & Watkins » ESG
by Latham & Watkins LLP
3w ago
The draft guidelines outline expectations for institutions to adopt forward-looking strategies and incorporate scenario analysis into their management framework to assess resilience against the negative impacts of ESG factors. By Axel Schiemann, Paul A. Davies, and Nicola Higgs On 16 January 2025, the European Banking Authority (EBA) launched a public consultation on its draft guidelines on ESG scenario ..read more
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EBA Publishes Final Guidelines on the Management of ESG Risks
Latham & Watkins » ESG
by Latham & Watkins LLP
3w ago
The guidelines set out requirements for institutions regarding the identification, measurement, management, and monitoring of ESG risks. By Axel Schiemann, Paul A. Davies, and Nicola Higgs On 9 January 2025, the European Banking Authority (EBA) published its final guidelines on the management of environmental, social, and governance (ESG) risks. The guidelines have been developed in ..read more
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10 Key Focus Areas for UK-Regulated Financial Services Firms in 2025
Latham & Watkins » ESG
by Latham & Watkins
1M ago
In this publication and podcast series, we explore some of the core focus areas for UK-regulated financial services firms in the year ahead. In 2024, we saw disruption to the regulatory reform agenda as the unexpected timing of the general election impacted work and publication schedules. Now that the reform agenda is back on track ..read more
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The Tides Are Changing (Again) for US “Fair Access” and “Anti-Debanking” Laws
Latham & Watkins » ESG
by Latham & Watkins LLP
1M ago
“Fair access” banking laws, at the epicenter of the debates between ESG and “anti-woke” regulation and federal/state preemption, may see a resurgence under the incoming administration. By Betty M. Huber, Arthur S. Long, Pia Naib, Austin J. Pierce, and Deric Behar In recent years, the landscape of “fair access” banking laws, now also known as ..read more
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PCAF Launches Consultation on New Methodologies for the Global GHG Accounting and Reporting Standard
Latham & Watkins » ESG
by Latham & Watkins LLP
1M ago
The consultation covers new methodologies for the financial sector’s GHG emissions reporting, including regarding avoided emissions, or “scope 4” emissions. By Paul A. Davies, Nicola Higgs, Michael D. Green, Jaime Martin, James Bee, and Charlotte Collins On 3 December 2024, the Partnership for Carbon Accounting Financials (PCAF) launched a consultation to gather financial industry feedback ..read more
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The Edinburgh Reforms — Two Years On
Latham & Watkins » ESG
by Latham & Watkins LLP
2M ago
When the Edinburgh Reforms were announced on 9 December 2022, they were billed as an ambitious set of reforms. Two years on, we assess which of the measures have been completed, which remain outstanding, and whether they have delivered on the agenda set out. We also reflect on the recent Mansion House announcements, which have ..read more
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SEC Targets Investment Advisers for Misstatements and Compliance Failures
Latham & Watkins » ESG
by Latham & Watkins LLP
2M ago
Three recent enforcement actions highlight the risks of failing to adhere to representations made to investors regarding ESG and biblically responsible investing strategies. The upcoming change in US administration is expected to bring about significant priority shifts by the federal government, including at the US Securities and Exchange Commission (SEC). One area of potential overlap ..read more
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ESG Ratings: UK Confirms Regulatory Regime
Latham & Watkins » ESG
by Latham & Watkins LLP
2M ago
The regime will have broad reach, although its implementation will likely take several years. By Nicola Higgs, Rob Moulton, Becky Critchley, and Charlotte Collins On 14 November 2024, HM Treasury laid out the future UK regulatory regime for environmental, social, and governance (ESG) ratings providers. It previously consulted on proposals for the new regime in ..read more
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Key Takeaways From Rachel Reeves’ Mansion House Speech
Latham & Watkins » ESG
by Latham & Watkins
2M ago
The UK Chancellor announces a growth-focused agenda for financial services. By Rob Moulton, Nicola Higgs, Becky Critchley, and Charlotte Collins On 14 November 2024, the new Chancellor of the Exchequer, Rachel Reeves, delivered her first Mansion House speech. She used her speech as an opportunity to announce reforms designed to drive growth and competitiveness in ..read more
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FCA Pushes Back Deadline for SDR Naming and Marketing Rules
Latham & Watkins » ESG
by Latham & Watkins LLP
5M ago
The regulator is providing temporary flexibility in light of concerns that asset managers need extra time to prepare. By Nicola Higgs, Jaime Martin, Sara Sayma, and Charlotte Collins On 9 September 2024, the FCA published a statement on its naming and marketing rules under the Sustainability Disclosure Requirements (SDR) regime, allowing asset managers more time ..read more
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