‘We will never succeed if we don't bring it together in a genuinely European context’
Transcript of the interview with Esma Chair Verena Ross.
Greenwashing still unpunished as supervisors lack resources
Unlike in the United States and Australia, greenwashing in Europe’s financial sector remains largely unpunished, even though existing legislation allows national regulators to take action against firms that mislead investors.
Esma warns of AI risks in investment services
The European Securities and Markets Authority (Esma) issued a warning on Thursday, advising the financial sector to exercise caution in the use of artificial intelligence (AI) in investment services.
While AI promises to revolutionise the retail investment sector with enhanced efficiency and innovation, Esma highlights the significant risks associated with its adoption, urging for responsible innovation and investor protection.
AI in investment services: A double-edged sword
Artificial intelligence (AI) is reshaping the financial landscape with promises of efficiency, innovation, and superior decision-making capabilities. However, as the European Securities and Markets Authority (Esma) warned this week, the integration of AI in investment services comes with significant risks. Like a double-edged sword, AI›s greatest strengths can become its most dangerous liabilities if not handled with care.
Esma still sees greenwashing among banks and asset managers
Banks and asset managers continue to make misleading sustainability claims, according to the European Securities and Markets Authority, Esma. Following an investigation into the compliance of marketing communications with MiFID II rules, Esma found that financial products and services are often presented as green without substantiating the sustainability claims.
L’AEMF constate toujours des allégations trompeuses en matière de durabilité
Une enquête sur l’écoblanchiment menée par les régulateurs nationaux de 27 pays européens analysée par l’Autorité européenne des marchés financiers (AEMF) montre que les banques et autres entreprises financières continuent de faire des déclarations trompeuses en matière de durabilité.
ING ejects Luxembourg retail clients in private banking push
ING Luxembourg has decided to eject thousands of mass retail clients in the grand duchy as part of a strategic transformation in which it plans to boost its focus on more profitable private banking services.
Le raccourcissement du cycle de règlement aux États-Unis affole les courtiers européens
À compter du 28 mai prochain, le cycle de règlement des transactions sur titres américains passera de deux à un jour ouvrable, ce qui représente un défi considérable pour les fonds européens négociant des titres américains. Les proches du dossier annoncent une période difficile pour les courtiers qui devront se conformer à ce calendrier plus serré.
Esma proposes EU label for ‘basic’ investment products
The European Securities and Markets Authority (Esma) unveiled a new initiative this week aimed at making investment opportunities more accessible across the EU. At the heart of this plan is a new «basic and simple» EU investment product label, intended to simplify and streamline choices for retail investors.
L’AEMF propose un label européen pour les produits d’investissement de base
L’Autorité européenne des marchés financiers (AEMF) a dévoilé cette semaine une nouvelle initiative visant à rendre les investissements plus accessibles aux investisseurs particuliers européens. Au cœur de ce plan se trouve un nouveau label européen pour les produits d’investissement simples, conçu pour simplifier et rationaliser les possibilités de choix des petits investisseurs.