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Tough stance from FCA on ESG benchmarking

ESG benchmark administrators have been warned they face regulatory action over the “potential for widespread failings” identified in a review carried out by the FCA.

Article label: Quick Read

Martin Cloake

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A “Dear CEO” letter sent by the regulator says a review of the quality of disclosures made by a sample of benchmark administrators in the UK revealed the standard was “poor”. It went on: “There were often instances where benchmark administrators did not provide sufficient detail and description of the

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