Information as a Driver of Sustainable Finance -

Information as a Driver of Sustainable Finance

The European Regulatory Framework
Buch | Hardcover
XXIII, 334 Seiten
2022 | 1st ed. 2022
Springer International Publishing (Verlag)
978-3-030-93767-6 (ISBN)
171,19 inkl. MwSt
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The Sustainable Development Goals introduced by the United Nations in 2016 call for the significant mobilisation of finance. However, although sustainable investments are steadily increasing, there still remain large gaps within financing and the information that financial markets rely on is often incomplete or incorrect. For instance, the financial system has been structured around short-term frameworks and goals while the most pressing environmental and social challenges are long-term. Prices do not convey the cost of externalities associated with social and environmental challenges. It is therefore important to implement the effective pricing of externalities and create a common language and taxonomy between investors, issuers and policy-makers in order to best serve sustainable development. Addressing this challenge, the authors delve deeper into the levers that can be pulled within the financial system to prompt an efficient ecosystem of sustainability-related information, allowing social and environmental externalities to be incorporated into the decision-making process of all market agents. Incentives needed for investors, issuers and intermediaries are proposed along with regulation that can trigger these incentives. This book offers a comprehensive collection of chapters which explore the ongoing evolution of the European regulatory framework, providing essential reading for policymakers, practitioners and researchers alike.

 

lt;p>Nadia Linciano is Head of the Economic Research Office within the Research Division of the Commissione Nazionale per la Societa a la Borsa (CONSOB) in Italy. Previously, she studied at York University in the UK and the University of Naples Federico II in Italy. Nadia has also been an adjunct professor in Lecce (1995) and in Bari (1996-1997) as well as LUISS (2016-2019) and LUMSA (2018-2019) in Rome. Her research interests include behavioural finance, financial market regulation, corporate governance, financial education, sustainable finance and financial innovation. She participates in ESMA, IOSCO and OECD task forces working on systemic risks, consumer protection and financial education. She is also Associate editor of Rivista Bancaria and the Journal of Financial Management, Markets and Institutions.

Paola Soccorso is a senior economist within the Research Division of the Commissione Nazionale per la Societa a la Borsa (CONSOB) in Italy. Her research interests focus on behavioural finance, households finance, sustainable and responsible investments, investor education and the digitalisation of investment services. She is co-author of the Report on financial investments of Italian households and of several other studies. Paola previously worked in the banking sector, and holds a Master's degree in European Economy and International Finance from the University of Rome Tor Vergata and a degree in Political Economics from Bocconi University of Milan, both in Italy.

Claudia Guagliano is head of the Innovation, Products and Technology Unit in the Risk Analysis and Economics Department of the European Securities and Markets Authority (ESMA). She previously worked in the international financial relations department of the Italian Treasury and at CONSOB. Claudia studied international economics at Bocconi University, Italy, and Pompeu Fabra University, Spain. Her research interests include financial and technological innovation, consumer protection and sustainable finance.

1. Introduction; Nadia Linciano, Claudia Guagliano and Paola Soccorso.- Part I. Disclosing Non-financial Information.- 2.The Role of Finance in Sustainable Growth; .- 3. Information as a Driver of Sustainable Finance; S. Lovisolo.- Part II. The State of the Market.- 4. Corporate Governance and Corporate Disclosure; S. Zambon, M. S. Chiucchi and L. Girella.- 5. Financial Information in the Product Governance and Investment Process; Claudio Guagliano, Nadia Linciano and Paola Soccorso.- 6. Third Party Information Providers; S. Battiston and Carmen Nuzzo.- Part III. Non-financial Information: The Future of Regulation.- 7. Financial Regulation for Sustainable Finance in the European Landscape; Francesca Campolongo.- 8. Corporate Non-financial Information; A. Bruno, A. Ciavarella and V. Novembre.- 9. Transparency and Standardisation of Financial Product Information; Antonio Barattelli, Salvatore Gnoni, Nadia Linciano and Paola Soccorso.- 10. ESG Rating; Mario La Torre.- 11. Conclusions; Nadia Linciano, Claudia Guagliano and Paola Soccorso.

Erscheinungsdatum
Reihe/Serie Palgrave Studies in Impact Finance
Zusatzinfo XXIII, 334 p. 16 illus., 14 illus. in color.
Verlagsort Cham
Sprache englisch
Maße 148 x 210 mm
Gewicht 596 g
Themenwelt Recht / Steuern EU / Internationales Recht
Recht / Steuern Wirtschaftsrecht Bank- und Kapitalmarktrecht
Wirtschaft Betriebswirtschaft / Management Finanzierung
Wirtschaft Volkswirtschaftslehre
Schlagworte Development Finance • Environment • ESG • european regulation • Financial Markets • Financial Policy • Financial regulation • Financial taxonomy • Incentives • pricing externalities • SDGs • sustainable development • Sustainable Investment
ISBN-10 3-030-93767-4 / 3030937674
ISBN-13 978-3-030-93767-6 / 9783030937676
Zustand Neuware
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