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global investment strategies focus on sustainability and climate risk management
Vermont’s pension investment commission plans to expand its biodiversity voting policy and may oppose directors due to inadequate AI management impacting shareholders. Meanwhile, the EU is moving towards a potential delay in the Corporate Sustainability Reporting Directive, with member states urging swift adoption of the stop-the-clock proposal. Slovenia has introduced a sustainability-linked bond framework, becoming the first European sovereign to do so, while the Asian Investor Group on Climate Change highlights significant gaps in national adaptation plans across nine Asian markets.
greece implements new cryptocurrency regulations to enhance investor protection and stability
New cryptocurrency regulations in Greece, effective December 30, aim to inform investors about risks and ensure market stability under the EU's MiCA framework. The regulations categorize assets into electronic money tokens, asset-referenced tokens, and other cryptographic assets, while emphasizing the inherent risks of cryptocurrency investments. Additionally, the Greek government is proposing further measures, including supervisory authority designations, criminal provisions, and a future tax framework for cryptocurrencies by 2025.
esma finalizes guidelines for markets in crypto-assets regulation implementation
The European Securities and Markets Authority (ESMA) has finalized guidelines for the implementation of the Markets in Crypto-Assets Regulation (MiCA), set to take effect on December 30, 2024. This comprehensive framework aims to enhance investor protection, prevent market abuse, and clarify the classification of crypto-assets across EU member states. While it primarily targets centralized services, ESMA is also monitoring decentralized finance (DeFi) and non-fungible tokens (NFTs) for potential future regulation.
big countries dominate eu single market roles amid growing tensions
Control of the EU's single market and industrial briefs has predominantly been held by larger member states like France, Germany, Italy, and Poland since 2004, reflecting their influence in EU lawmaking. France, in particular, has strategically positioned itself to dominate these roles, raising concerns among other nations about potential protectionism. Smaller countries often receive less influential portfolios, leading to frustrations over perceived imbalances in power within the European Commission.
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