Sacha Sadan News
08.05 / 10:37
Cooper
CEO
Investigations
Financial
FCA fines and bans ex-Shard Capital CEO from working in financial services
The UK's financial regulator also fined Lewis with £120,300. The fine was reduced from £171,900 after Lewis agreed to cooperate during the investigation, and therefore qualified for a 30% reduction of the penalty. In the first instance, Lewis told auditors that between 2015 and 2017, Shard Capital, which he founded in 2010, held hundreds of millions in cash for a particular client. FCA's Sacha Sadan: SDR will help bring 'trust and integrity' back to the sector However in reality, the sum represented debt owed by one of the client's connected companies to the other. In the second...
01.05 / 11:15
Sustainability
FCA's Sacha Sadan: SDR will help bring 'trust and integrity' back to the sector
Speaking at Amundi's ‘Responsible Investment Live' conference on Tuesday (30 April), he noted that while 79% of consumers would like their money to have a positive impact on the environment or society, there is a general confusion over the terminology used. In the process of drafting SDR, the regulator introduced a label called ‘course to transition'. However, he said that when it was put to consumers, they found this terminology confusing as it failed to explain what ‘transition' meant or what it entailed. The FCA eventually opted for the current label Sustainability Improvers, as co...
16.01 / 14:57
regulation
Sustainability
Financial Services
ESG
FCA
SDR
Support
FCA launches sustainability support group for advisers
The FCA will sit as an active observer and has asked the group to report on how the advice sector can be supported in delivering good practice in the second half of 2024.
14.12 / 14:41
regulation
Financial Services
ESG
FCA
ESG ratings
FCA-convened industry group unveils code of conduct for ESG ratings and data providers
The code was set up to provider greater scrutiny and transparency within the ESG ratings and data products space, to provide markets with greater confidence in ESG data, especially considering the current efforts to achieve net zero.
28.11 / 14:19
regulation
Financial Services
financial conduct authority
ESG
FCA
Asset Managers
greenwashing
strategies
FCA unveils final SDR rules including fourth 'Mixed Goals' label for 'blended strategies'
Following feedback, the FCA has also removed the word 'sustainable' from the labels and replaced it with 'sustainability', to reflect how some funds are 'on a journey to becoming sustainable'.
17.10 / 14:33
ESG
People moves
FCA sustainable finance advisor Mark Manning leaves to establish consultancy
The Financial Conduct Authority’s Mark Manning (pictured)
18.07 / 07:47
financial conduct authority
ESG
FCA
Asset Managers
Q4
FCA delays SDR policy statement until Q4 2023
The Financial Conduct Authority
14.07 / 07:35
Fidelity
Ursula von der Leyen
ESG
European Commission
Asset managers unite to urge European Commission to tighten ESG reporting rules
Once passed, the law will determine how much environmental, social and governance data about 50,000 companies need to disclose to investors and other stakeholders.
07.07 / 11:39
regulation
UK
Interest rates
FCA
FCA calls on UK banks to improve savings rates
The FCA said it wants to see 'a competitive market with fair value retail banking products', with banks helping customers to access them.
06.07 / 13:55
04.07 / 18:51
Citi
FCA sustainability chief: ‘Sticking your head in the sand’ and excluding polluters won’t fix climate
The Financial Conduct Authority's environment, social and governance director Sacha Sadan has defended the regulator's inclusion of an "improver" category in its ESG fund labelling regime amid claims this could lead to more greenwashing.
25.04 / 20:27
Citi
play
FCA: Auditors must play their part on ESG
Auditors need to play their part in making sure investors trust ESG data, according to the Financial Conduct Authority’s climate lead.
26.01 / 03:17
CVS
committee
FCA receives more than 200 applications to join ESG committee
The Financial Conduct Authority received more than 200 applications to join its new ESG committee — a sign such roles are still highly sought after in the City.
19.01 / 12:07
UK regulator’s ESG boss says greenwashing fines ‘will come’
The Financial Conduct Authority's environment, social and governance director has said that the regulator will eventually start fining greenwashers, but only after it has finished putting in “guardrails” for the sector.
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