EU further delays sustainable finance rules for asset managers

European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium May 5, 2021. REUTERS/Yves Herman

LONDON, July 9 (Reuters) – The European Union has been forced to delay the second phase of landmark rules that require asset managers to show how they take environmental and other issues into account by a further six months to July 2022, an EU letter seen by Reuters said.

The delay comes as the volume of cash going into products that tout their ESG attractions has been accelerating, raising concerns among regulators about “greenwashing” or over-egged climate-friendly credentials.

The Sustainable Finance Disclosure Regulation

Read More

It May Be Unsexy, But This One Asset Class Is Critical to Any Financial Plan

If the past year and a half has taught us anything, it’s that having a good financial foundation is critical. While cash is such an important aspect of our everyday lives, many have become complacent about it, often overlooking it entirely as an asset class. Even if your priority is to grow your wealth, you need to build on a foundation of financial security. Cash is that foundation, offering you the comfort of knowing you can cover your monthly bills and unforeseen expenses.

With current interest rates so low, you may not even be thinking about your cash, but having

Read More

Cryptocurrency as an asset class

  • The financial giant believes Ethereum could be the dominant blockchain-based crypto tech in the future, and have a large impact on the data economy
  • APAC is leading the way in regulating cryptocurrencies

Cryptocurrency as an asset class – until very recently, it would have been unheard of to hear a leading global financial player say that. Once only the underground mainstay of hardcore geeks and coders decades ago, cryptocurrency has been seeing a massive surge of interest in more recent times, despite its complex background.

This likely has a lot to do with how it has attracted interest (and investment)

Read More