Simone Gallo: When MiFID II and ESG collide
'No stone will be left unturned by regulators'
Simone Gallo: "In short, advisers will have to modify their assessment of client preferences in relation to ESG and should ensure the suitability of financial products and services from a sustainability perspective are considered."
Up until now, ESG investing has been a voluntary affair. But as a swathe of regulation approaches, it’s time for advisers to get clued up, writes Simone Gallo
It doesn't seem long since advisers were getting their house in order to comply with MiFID II suitability requirements, with final guidelines only issued in May 2018. Yet already amendments are afoot....
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