By Susanna Rust2021-04-30T14:58:00+01:00
The EU’s sustainable finance disclosures regulation (SFDR) was not intended to be a “pure labelling scheme”, the head of asset management in the European Commission’s financial services division has said.
Speaking during IPE’s recent ESG Forum, Sven Gentner said it was a bit early to comment on how the SFDR was being applied, but he noted that “it’s becoming a kind of label”, which was not the intention.
“It was never intended to push industry to separate their products into one or the other baskets,” he said.
Under the SFDR, asset managers and other financial market participants have to make different disclosures about different products depending on their ambitions with respect to environmental and/or social considerations.
Minister Donohoe announces establishment of Commission on Taxation and Welfare
Commission will look at how best to support economic activity while ensuring sufficient resources available to meet costs of public services
The Minister for Finance, Paschal Donohoe, TD, has today (Monday) announced the establishment of the Commission on Taxation and Welfare, chaired by Professor Niamh Moloney.
As set out in the Programme for Government, the Commission of Taxation and Welfare is being established to independently consider how best the taxation and welfare systems can support economic activity and promote increased employment and prosperity. This is while ensuring that there are sufficient resources available to meet the costs of the public services and supports in the medium and longer term.
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