UK govt launches ESG ratings consultation December 14, 2022 ESG rating providers may soon be brought within the regulatory remit of the Financial Conduct Authority (FCA) by the UK government in the first quarter of 2023. A consultation on regulating ESG ratings, and bringing them under the jurisdiction of the FCA, forms part of a […]
Read MoreIt would be fair to say that the importance of shareholder voting has enjoyed an increasingly higher profile in recent years, not least in response to the financial crisis. Just within the UK investment context, initiatives such as the Myners Principles, the Stewardship Code, the 2006 Companies Act, the Hedge Funds Standards Board Code, UCITS […]
Read MoreSpeaking at the Council of Institutional Investors Autumn conference in Los Angeles last week, Jules Kroll, chairman and co-founder of K2 Global Partners, told attendees that investors could improve the integrity of ratings by taking ownership of the process. Investors should not rely solely on regulators to reform rating agencies, three of which generate 95 […]
Read MoreFive of Ohio’s public pension funds have joined California in pursuit of recompense from the three dominant credit ratings agencies (CRAs), Standard & Poor’s, Moody’s and Fitch. Ohio’s Attorney General, Richard Cordray estimates that the five funds involved in the case lost more than $457 million from investing in triple-A rated in mortgaged backed securities. In […]
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