This
book is the result of an intensive cooperation between the European
Association for Banking and Financial Law (AEDBF Belgium), Forum
Compliance, and the Jan Ronse Institute for Corporate and Financial Law
(KU Leuven).
The
European Commission’s Sustainable Finance Action Plan has resulted in a
review of the entire body of financial regulation, at a remarkable
pace. No area of financial regulation remains untouched. For the
financial sector, the impact is immense: almost all processes will have
to be reassessed and possibly amended.
On
the most remarkable innovations, this book offers contributions,
grouped in four themes. A first part – “What Is Sustainable Finance?” –
features contributions on taxonomy, sustainability labels and
ESG-related bonds. A second part takes the perspective of corporations,
with contributions on sustainable governance, the Non-Financial
Reporting Directive and the proposed Corporate Sustainability Reporting
Directive. A third part assesses the impact of sustainable finance on
prudential regulation and supervision. The fourth and final part relates
to sustainable finance regulation with a predominant investor
protection objective, with contributions on the Sustainable Finance
Disclosure Regulation, the sustainable finance-related changes to the
MiFID and IDD frameworks, and the role of the conduct of business
supervisor.
For
everyone working in the financial sector, the sustainable finance
movement represents an increased permanent education challenge. With
this book, we hope to have contributed to this endeavour.
