News & Analysis as of September 22, 2024

Climate Action Plan

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The European Union is an economic and political partnership comprised of 27 nations within the Eurozone. The EU was established in 1948 to promote stability and cooperation among member states in the aftermath of WWII. The EU maintains a common currency as well as several intranational institutions, including the European Parliament and the European Commission. less -

Cadwalader Climate - April 2024 #5

Cadwalader, Wickersham & Taft LLP on 5/1/2024

In this edition we discuss several updates aimed at the financial sector, including transition planning reports published by the Network for Greening the Financial System, prudential guidance from the Bank of England on how...more

Decoded - Technology Law Insights, V 5, Issue 2, March 2024

Spilman Thomas & Battle, PLLC on 3/8/2024

HHS Cybersecurity Performance Goals and the Healthcare Industry - The healthcare industry is a major target for cyberattacks because of all of the personal information collected from patients. Recognizing that the healthcare...more

ECB Cautions Banks About Heightened Exposure to Climate Litigation

Cadwalader, Wickersham & Taft LLP on 11/15/2023

At a September legal conference convened by the European Central Bank (ECB), Frank Elderson, a member of the ECB’s executive board and vice-chair of its supervisory board, observed the increasing risk of climate lawsuits and...more

The EU Sustainable Finance Package: key points for private fund managers

Goodwin on 6/21/2023

On 13 June the European Commission (the Commission) published a new package of measures to bolster the EU sustainable finance framework. Its aim is to: “ensure that the EU sustainable finance framework continues to...more

Joint ESAs-ECB Statement on Climate Disclosure for Structured Finance Products

Cadwalader, Wickersham & Taft LLP on 4/3/2023

On March 13, 2023, the European Supervisory Authorities (ESAs) and the European Central Bank (ECB), published a Joint Statement on climate-related disclosure for structured finance products. In describing the need for such...more

EBA Seeks Input from Credit Institutions on Green Loans and Mortgages

Cadwalader, Wickersham & Taft LLP on 3/6/2023

On February 13, 2023, as part of the European Commission’s Strategy for financing transition to a sustainable economy, the European Banking Authority (EBA) launched an industry survey seeking input on green loans and...more

Investors Pressure European Banks to End Financing for New Oil and Gas Fields

Cadwalader, Wickersham & Taft LLP on 2/27/2023

On February 7, a group of 30 investors, representing over $1.5 trillion of assets under management, wrote to the CEOs and board chairs of five major European banks “urging them to stop directly financing new oil and gas...more

ESMA Announces Review Covering the Marketing of Financial Products across EU including Greenwashing

Cadwalader, Wickersham & Taft LLP on 2/13/2023

On January 16, 2023, the European Securities and Markets Authority (ESMA) announced the launch of a common supervisory action (CSA) in partnership with EU Member State national competent authorities (NCAs). The CSA will cover...more

European Parliament Committee Finalizes ESG-Related Financial Sector Risk Reforms

Cadwalader, Wickersham & Taft LLP on 2/10/2023

On January 24, 2023, Members of the European Parliament voted to adopt reforms to banking rules and implement the international Basel III agreement (Basel III). One of the objectives of Basel III is to enhance focus on ESG...more

The JSE Continues its Trend to “Go Green”

White & Case LLP on 6/29/2022

The Financial Sector Conduct Authority (the "FSCA") has approved amendments to the JSE Debt Listing Requirements (the "Requirements") so as to introduce a new issuance platform stemming from the JSE – known as the "Transition...more

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