ISDA and AFME Respond to ESMA’s Consultation on ESG Suitability Guidelines

On April 27, 2022, ISDA and the Association for Financial Markets in Europe submitted a joint response to the European Securities and Markets Authority’s consultation on its draft guidelines on sustainability aspects of the Markets in Financial Instruments Directive (MIFID II) suitability requirements. The associations highlight the need for a simplified procedure for the determination of a clients’ sustainability preferences. Of particular importance to ISDA members, the response highlights that environmental, social and governance suitability requirements should not be applicable when a client is pursuing hedging via over-the-counter derivatives.

Documents (1) for ISDA and AFME Respond to ESMA’s Consultation on ESG Suitability Guidelines

ISDA AGM Studio: Michelle Beck, FCA

Michelle Beck, director for wholesale buy‑side oversight at the Financial Conduct Authority, speaks with ISDA’s global head of public policy, Steven Kennedy, about the regulatory approach to systemic risk in non‑bank financial intermediation after a panel discussion on how robust...