Justin Cash argues it is about time that a roadmap for regulating ESG ratings was set out
A few years ago, I was catching up with a former regulator who had wound their way into the world of sustainability ratings. We were chewing the fat over whether the Financial Conduct Authority would ever bring such agencies as theirs into the scope of its powers. The ex-regulator seemed relatively sanguine about the prospect. I assume they remain so; the FCA recently announced that it would bring ESG ratings providers into UK regulation for the first time, but has struck a good balance between tightening up oversight and leaving the market to flourish. It's hard to understate, more b...
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