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“AI and sustainability - cure or curse?”
While AI can help resolve data issues in sustainable investing, it can create problems such as information breaches and inherent bias in data.
Luxembourg | Publication | February 2024
On February 26, 2024, the EU Council adopted new regulations under the Capital Markets Union (CMU) framework, marking a significant milestone in the European Union's efforts to enhance the regulatory landscape for alternative investment fund managers (AIFMs) and "plain-vanilla" European Union (EU) investment funds, in the form of the Undertakings for Collective Investments in Transferable Securities regulatory framwework (UCITS). These regulations, designed to bolster investor protection, ensure financial stability and stimulate investment within the EU, introduce key provisions aimed at strengthening the supervision of AIFMs and facilitating the creation of simplified investment funds. The key provisions of these regulations are:
The directive will now be published in the European official Journal and will enter into force 20 days later. Member states will have 24 months after the entry into force to enact the rules into national legislation.
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While AI can help resolve data issues in sustainable investing, it can create problems such as information breaches and inherent bias in data.
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In this edition of Regulation Around the World we review recent steps that financial services regulatory authorities have taken as regards investment research.
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The ongoing conflicts and further geopolitical tensions in Eastern Europe and the Middle East, coupled with upcoming elections in a number of key countries including the US and the UK, make 2024 challenging to predict what impact this will have on the insurance sector.
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