Benchmark portfolio meaning

In this issue: Sustainable finance and ESG weekly round-up Moveable Transactions (Scotland) Act 2023 Football Governance Bill LIBOR and benchmarks Sustainable finance Debt capital markets Derivatives Regulation for derivatives lawyers Technology in banking & finance transactions Structured products and securitisation Regulation for banking lawyers Banking & Finance Highlights 2024/2025 Daily and weekly news alerts New and updated content Useful information Sustainable finance and ESG weekly round-up For this week’s coverage of Sustainable finance and ESG developments, please see: Sustainable finance and ESG weekly round–up—19 December 2024. Moveable Transactions (Scotland) Act 2023 Moveable Transactions (Scotland) Act 2023 (Commencement) Regulations 2024 SSI 2024/378: From 1 April 2025, the outstanding provisions of the Moveable Transactions (Scotland) Act 2023 (the Act) will come into effect. See: LNB News 17/12/2024 9. Moveable Transactions (Forms) (Scotland) Regulations 2024 SSI 2024/379: These prescribe the forms to be used for the purposes set out...

In this issue: UK, EU and international regulators and bodies Permissions, approvals and oversight Prudential rules Operational robustness Financial misconduct and sanctions Complaints, redress and claims handling Investigations, enforcement and disciplinary action Capital markets regulation Packaged Retail and Insurance-based Investment Products (PRIIPs) Derivatives regulation Sustainable finance and ESG Banks and mutuals Investment funds and asset management EU MiFID II Insurance regulation Payment services and systems Fintech and cryptoassets Financial Services Enforcement Database Daily and weekly news alerts Intraday news alerts New and refreshed content Key dates for your diary UK, EU and international regulators and bodies Amendments to EEA Agreement Annex IX (Financial Services) published in Official Journal Twelve decisions of the European Economic Area (EEA) Joint Committee revising Annex IX (Financial Services) to the Agreement on the European Economic Area (the EEA Agreement) have appeared in the EU’s Official Journal....

Financial services developments CRAs: FCA publishes multi-firm review on rating committees The Financial Conduct Authority (FCA) has issued a multi-firm review assessing the effectiveness and governance of rating committees within UK-registered credit rating agencies (CRAs). It highlights sound practices and areas requiring enhancement across committee governance, the make-up and duties of members, committee operations, and the robustness of internal controls that manage conflicts of interest and safeguard the independence of credit ratings. The review does not set new expectations but helps firms interpret existing ones. UK-registered CRAs should consider the findings, review their rating committee procedures and practices, and confirm that internal control frameworks are effective. In line with the FCA’s 2024 portfolio letter, the FCA expects CRAs to sustain rigorous, end-to-end ratings processes. The FCA intends to continue engaging with firms to evaluate how well rating committee internal controls perform. It will also examine surveillance arrangements, including the role of the rating committee and other monitoring processes, and the quality of oversight delivered by internal control structures. Source:...

This Practice Note addresses the United Nations-supported Principles for Responsible Investment and considers sector guidance and recommended practical actions for private equity houses to embed environmental, social and governance (ESG) considerations within private equity vehicles and their portfolio businesses. Overview of tools and resources Numerous industry and sector-focused organisations (including development finance institutions (DFIs) and non-governmental organisations (NGOs)) provide publicly available tools and resources to assist private equity firms with integrating ESG factors into their investment decisions and operations. The principal bodies and their tools and resources include: Principles for Responsible Investment (PRI): Supplies guides and case studies on ESG integration. (Resource/tool: PRI Data Portal) Sustainability Accounting Standards Board (SASB): Provides sector-specific ESG standards for financial materiality. (Resource/tool: SASB Materiality Finder) Global Reporting Initiative (GRI): Sets out a framework for sustainability reporting aligned to global ESG factors. (Resource/tool: GRI Standards) Task Force on Climate-related Financial Disclosures (TCFD): Offers guidance on managing climate risks and opportunities in investments. (Resource/tool: TCFD recommendations and...