EU Watchdog Slams Investment Sector Failings, Including ESG
The European Union needs to make significant adjustments to the structures shaping its investment industry if it’s to address the shortcomings, according to a European Court of Auditors report.
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European efforts to create a single, liquid and transparent market for investors have fallen far short of the mark, according to the region’s top government watchdog.
The European Court of Auditors, which monitors EU finances, said the creation of a single market more than three decades ago has aided transparency around risk, returns and fees. But “investors are still not adequately protected against various issues,” according to a report published on Monday.