FCA calls for firms to do more on ESG

ESG Tree

The Financial Conduct Authority has stressed that businesses must continue to adapt their priorities to meet the changing environmental needs for a more sustainable world.

The watchdog has released a discussion paper to encourage an industry-wide dialogue on firms’ sustainability-related governance, incentives and competence on an economy-wide transition to Net Zero.

The discussion paper set out that society now expects more from companies in all sectors, including financial services.

In the regulator’s Financial Lives Survey it revealed that at May 2022 some 79% of consumers think businesses have a wider social responsibility than simply to make profit.

“Lendi

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Biba 2024: FCA to take its time on transparency proposals

Emily Shepperd, chief operating officer of the Financial Conduct Authority, has said the regulator was “overwhelmed” at the response and amount of feedback to its transparency proposals, and that it is going to “really take our time” when considering any possible next steps.

FCA warns on Tempcover clone

The Financial Conduct Authority has issued a warning of fraudsters trying to scam people by pretending to be short-term car insurance specialist broker Tempcover including on TikTok.

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