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Unlocking the Future of ESG Investments

The rise of environmental, social, and governance (ESG) investments has seen an increase in demand for such products in the asset management market. However, concerns around the lack of clear ESG standards and the potential for “greenwashing” have regulators proposing new rules and guidance. Asset managers must ensure their ESG products deliver genuine outcomes to meet regulatory standards, but face challenges in finding enough investable opportunities in the market. The creation of high carbon transition funds by large institutional investors may offer a solution to the traditional divestment approach, contributing to real economy emission reductions. Firms launching new ESG products must stay ahead of the evolving regulatory environment, with KPMG’s Asset Management team offering effective ESG strategies and regulatory analysis to stay competitive.

US major home goods retailer Bed Bath & Beyond files Bankruptcy petition

Bed Bath & Beyond Inc, the US-based omni chain home goods retailer, on Sunday announced that it and certain of its subsidiaries, filed voluntary petitions for relief under Chapter 11 of the US Bankruptcy Code (Chapter 11) in the US Bankruptcy Court of New Jersey  to implement an orderly wind down of its businesses while conducting a limited marketing process to solicit interest in one or more sales of some or all of its assets.

EU financial services chief calls for compromise on bank capital

European Union financial services chief Mairead McGuinness on Tuesday urged the bloc’s lawmakers to agree on bank capital rules to keep the sector resilient as it emerges from the pandemic and markets fragment due to war in Ukraine.

Dollar drives higher, yen tumbles to 1998 lows

The safe haven dollar gained towards fresh two-decade highs versus major rival currencies on Monday, supported by fears over a global economic slowdown and bets on steep interest rate hikes by the U.S. Federal Reserve.

Unlocking the Future of ESG Investments

The rise of environmental, social, and governance (ESG) investments has seen an increase in demand for such products in the asset management market. However, concerns around the lack of clear ESG standards and the potential for “greenwashing” have regulators proposing new rules and guidance. Asset managers must ensure their ESG products deliver genuine outcomes to meet regulatory standards, but face challenges in finding enough investable opportunities in the market. The creation of high carbon transition funds by large institutional investors may offer a solution to the traditional divestment approach, contributing to real economy emission reductions. Firms launching new ESG products must stay ahead of the evolving regulatory environment, with KPMG’s Asset Management team offering effective ESG strategies and regulatory analysis to stay competitive.

US major home goods retailer Bed Bath & Beyond files Bankruptcy petition

Bed Bath & Beyond Inc, the US-based omni chain home goods retailer, on Sunday announced that it and certain of its subsidiaries, filed voluntary petitions for relief under Chapter 11 of the US Bankruptcy Code (Chapter 11) in the US Bankruptcy Court of New Jersey  to implement an orderly wind down of its businesses while conducting a limited marketing process to solicit interest in one or more sales of some or all of its assets.

EU financial services chief calls for compromise on bank capital

European Union financial services chief Mairead McGuinness on Tuesday urged the bloc’s lawmakers to agree on bank capital rules to keep the sector resilient as it emerges from the pandemic and markets fragment due to war in Ukraine.

Dollar drives higher, yen tumbles to 1998 lows

The safe haven dollar gained towards fresh two-decade highs versus major rival currencies on Monday, supported by fears over a global economic slowdown and bets on steep interest rate hikes by the U.S. Federal Reserve.

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