Date: 1st September 2020
Author: BETTER FINANCE
Type: In the news
Asset managers are urging Brussels to delay implementation of its landmark sustainable investing rules.
The resistance from the investment industry shows the struggle and complexity between policymakers´ambitions to push for greener finances and the harsh reality of implementing a new financial system.
The rules are expected to come into force in March 2021, a deadline that European Funds and Assets Management Association (EFAMA) describes as “unrealistic [and] clearly not feasible for the practical application of an entirely new and complex legal framework”.
This publication was based on the original article by Siobhan Riding (Financial Times)