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
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.