On Thursday 24 May, the European Commission announced its first three legislative proposals to complete its action plan on ‘sustainable’ finance (see EUROPE 11977).
Presenting these new initiatives to the press, the European Commissioner for Financial Services, Valdis Dombrovskis, stressed the urgent need to act in this area. “The Titanic couldn't escape the iceberg at the last minute and we will soon be in a similar situation. We must not wait for the last minute, but act now”, he...