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FCA, PRA Drop Plans for New Diversity and Inclusion Rules

FCA, PRA Drop Plans for New Diversity and Inclusion Rules

UK financial regulators the Financial Conduct Authority (FCA) and the Bank of England’s Prudential Regulation Authority (PRA) announced that they have dropped plans to advance new rules aimed at boosting diversity and inclusion in the financial services sector. The announcements follow the launch by the FCA and PRA in September 2023 of a consultation into a series of rules to…

The gender lens: What needs to be done to bridge the investment gap?

As Charlotte Yonge sorted through boxes of her grandmother’s things this year, she found a pile of handwritten share records from the 1970s. It triggered a memory: when she was young, Yonge had always seen women as the ones who invested, as her grandmother had throughout her life. But as she grew older, Yonge realised she was relatively alone in…

The gender lens: What needs to be done to bridge the investment gap?

As Charlotte Yonge sorted through boxes of her grandmother’s things this year, she found a pile of handwritten share records from the 1970s. It triggered a memory: when she was young, Yonge had always seen women as the ones who invested, as her grandmother had throughout her life. But as she grew older, Yonge realised she was relatively alone in…

The gender lens: What needs to be done to bridge the investment gap?

As Charlotte Yonge sorted through boxes of her grandmother’s things this year, she found a pile of handwritten share records from the 1970s. It triggered a memory: when she was young, Yonge had always seen women as the ones who invested, as her grandmother had throughout her life. But as she grew older, Yonge realised she was relatively alone in…

Amazon, Google, Meta Join Pledge to Help Triple Global Nuclear Energy Capacity

Amazon, Google, Meta Join Pledge to Help Triple Global Nuclear Energy Capacity

Tech giants Amazon, Google and Meta joined a group of major companies pledging to support the goal to triple global nuclear energy capacity by 2050. Led by global nuclear industry group World Nuclear Association, the “Large Energy Users Pledge” was also signed by Allseas, Bureau Veritas, Carbon3Energy, Clean Energy Buyers Alliance, Core Power, Dow, Fly Green Alliance, Lloyd’s Register, Occidental,…

Storebrand Fund a Gauge for Green Bond Growth

Asset manager’s Head of Fixed Income hopes market expansion will eliminate need for the purely green bond-focused vehicle within the next decade. The tenth anniversary of Nordic asset manager Storebrand’s Green Bond Fund offers a yardstick for the significant growth of and interest in green, social, sustainability, sustainability-linked and transition (GSS+) bonds during the last decade. Launched in 2015, the…

Net zero coalitions need a new change management model

2024 was a big setback for net zero coalitions. Many asset managers, especially US asset managers, left the Net Zero Asset Manager Initiative and Climate Action 100+. The UN-convened Net Zero Insurance Alliance was completely disbanded.  This is a drastic change from just four years ago when there was great hope and enthusiasm that the finance sector could change the world if…

FCA and PRA axe plans to impose stricter DEI rules for financial services

The Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) have abandoned plans to impose stricter rules for diversity, equity and inclusion (DEI) in the financial services sector to “avoid duplication and unnecessary costs”. In 2023, the FCA and PRA launched a consultation on proposed rules and expectations which they said was aimed at improving diversity and inclusion in regulated…

Fossil fuels: From dawn to dusk? 

Traditional fossil fuel markets face an expected oversupply in 2025 because multiple factors like technological advancements and geopolitical changes, combined with new environmental policies, are driving a transformation in the energy sector. The rapid expansion of solar power, wind energy and battery storage systems shows no signs of slowing down. Even though geopolitical uncertainty exists, investments in these sectors will…

Fossil fuels: From dawn to dusk? 

Traditional fossil fuel markets face an expected oversupply in 2025 because multiple factors like technological advancements and geopolitical changes, combined with new environmental policies, are driving a transformation in the energy sector. The rapid expansion of solar power, wind energy and battery storage systems shows no signs of slowing down. Even though geopolitical uncertainty exists, investments in these sectors will…