Oct. 20, 2021, 11:01 PM
Europe is neglecting a key financial investing tool in its efforts to promote sustainable capital flows, according to the association representing the region’s biggest banks and asset managers.
Rules governing environmental, social and governance investing have yet to reflect the potential of securitization to support a green recovery, according to the Association for Financial Markets in Europe. The group says that re-bundling loans would significantly increase the amount of capital available for sustainable projects. The problem, it argues, is that current rules are too strict on assets that aren’t green yet, but will be after a transition process.
“There isn’t …