Ferdisha Snagg
Ferdisha Snagg’s practice focuses on financial services law and regulation.
Ferdisha has a wide range of non-contentious experience advising banks, investment banks, asset managers, and market infrastructures. She regularly advises on a variety of financial services and regulatory issues including financial markets regulation, financial collateral and financial market infrastructure regulation, and banking regulation.
She has written and presented extensively on legal and regulatory issues surrounding distributed ledger technology and cryptoassets.
Prior to joining Cleary, Ferdisha was an associate at another major London law firm. She has also spent time on secondment at three global investment banks and a central bank.
Practice Area
Panel
- Contributing Author
Qualifications
- London LPC With Distinction (2009)
- LL.B. First Class (2008)
Education
- BPP Law School (2009)
- London School of Economics and Political Science (2008)
1 Contributions by Ferdisha Snagg
PRACTICE NOTES
UK ESG ratings and data products: IOSCO recommendations, FCA expectations, voluntary Code of Conduct, and HM Treasury’s proposals to regulate ratings providers within the FSMA perimeter
Introduction
Environmental, social and governance (ESG) considerations are becoming ever more influential across capital markets. As a result, appetite for ESG ratings and datasets has surged, with investors increasingly weaving rating thresholds or targets into their investment frameworks and firms more often embedding references to ESG ratings within the structure and rollout of their sustainable investment offerings. Interest covers ratings as well as data products across markets. Investors and firms are responding by building them into investment processes and product design and delivery. Expansion of the ESG ratings and data markets has, in turn, prompted heightened attention from policymakers and supervisors in the UK and beyond. This piece outlines the UK’s regulatory moves concerning oversight of ESG ratings and data services. For context, it first reviews earlier materials issued by IOSCO, which effectively underpin the UK’s evolving regulatory framework. Within the EU, the Council of the EU and the European Parliament have concluded a deal on the regulation of ESG ratings. For further details, see News: Council of the EU and European Parliament reach agreement on ESG ratings, LNB News 06/02/2024 40. For a comparison of the EU and UK ESG ratings regulation proposals, see News Analysis: Comparing EU and...
Financial Services
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