WebNov 3, 2024 · On the last point, FINMA simultaneously issued Guidance 05/2024 «Preventing and Combating Greenwashing». Therein, FINMA notes the growing demand for ESG products and the resulting growing number of financial products being labelled – or claiming to be – sustainable, green, social, etc. FINMA warns that there may be a risk … WebNov 25, 2024 · Vorerst stehen die FINMA-Bewilligungen ganz oben auf der Agenda der unabhängigen Vermögensverwalter. Nach diesem regulatorischen Meilenstein müssen sie jedoch ihre anderen Projekte angehen. ... Bei genauerem Hinsehen erkennt man eindeutige Fälle von Greenwashing und einen gewissen kommerziellen Opportunismus. Fest steht …
FINMA on Green Financial Centre and Greenwashing
WebThe risk of greenwashing has been a concern for both Swiss and European regulators and has been amplified by the increasing popularity of ESG investment products on offer to retail clients.. Already now FINMA has started asking specific questions about investment objectives, policies and approaches of Swiss investment funds claiming to be … WebNov 4, 2024 · Switzerland's regulator FINMA said it is dedicating more resources to tackling the problem and has "immediately eliminated" cases of greenwashing it has found, by … darko peric esposo pia montane
Sustainable finance FINMA introduces new anti-greenwashing
WebAuthority (FINMA) in November 2024. Based, notably on the prohibition of confusion and deception, FINMA requires increased transparency in fund documentation if this uses the ... requirements in connection with greenwashing at the point of sale, due to the lack of an adequate legal basis. Since the end of 2024, the Asset Management Association ... WebFeb 24, 2024 · February 24, 2024 Switzerland White Collar Crime. FINMA has published a supervisory notice 05/2024 on the topic of preventing and combating greenwashing. The term “greenwashing” refers to the conscious or unconscious deception of investors or clients about the sustainable characteristics of financial products and services. WebMar 1, 2024 · FINMA said it opened enforcement proceedings against four former Credit Suisse managers in connection with the bank’s handling of its relationship with Greensill. In response to the collapse, Credit Suisse revised its governance structures and strengthened its control processes used to approve and monitor fund products. darko filipovic interfast