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An ambitious plan to enhance the geopolitical strength of the EU?
On 19 January 2021, the European Commission presented its new strategy to foster the “openness, strength and resilience” of the EU’s economic and financial systems into the future (the Strategy). Two of the most important issues underpinning the Strategy are the former Trump administration’s extensive use of secondary sanctions to influence the conduct of non-U.S. persons and the EU’s desire to promote its green finance agenda. In that light, the Strategy has three complimentary pillars: first, it aims to promote a stronger international role for the euro; second, it will seek to further develop the EU’s financial market infrastructures and improve their resilience; and third, it aims to promote the uniform implementation and enforcement of the EU’s own sanctions. The Strategy is consistent with President von der Leyen’s vision of a stronger EU with a more active role globally and comes at an important
Securities finance: Socially responsible lending
Andrew Dyson, CEO of the International Securities Lending Association, explains how ESG is impacting the securities finance agenda for 2021.
As we look towards a post-Covid-19 world, there is no doubt that investors are increasingly demanding different things from their investment portfolios. Much of this change in sentiment is feeding through via the ESG agenda, which is redefining the investment landscape.
Consequently, themes such as responsible stewardship, including areas like active shareholder engagement and proper social and environmental scrutiny, are now at the leading edge of the investment process.
Momentum here is set to increase as we look towards the publication of the EU’s revised Renewed Sustainable Finance Strategy in 2021, as well as the shift in position on broader climate change issues that a Biden administration will bring from a US perspective.