Tag: regulation
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SDR is governance, with a sustainability label.
The FCA’s Sustainability Disclosure Requirements (”SDR”) regime has brought rigour to an area which was too loose for too long. But read the FCA’s rules and guidance and a bigger picture emerges. SDR is a detailed articulation of the FCA’s expectation of governance in general.
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Worry About Creativity, Not Compliance.
Financial services aren’t some state of nature, to which we’ve decided to apply a few harm-limiting commandments (”thou shalt not trade on thy neighbour’s inside information”). It’s a constructed environment. Regulation is more like a board game, where the rules create the very game they regulate. Without the rules of chess, there is no chess.…
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Mastering Complexity.
Complexity can’t be beaten, but it can be mastered. The organisations that thrive aren’t those that try to make the world seem simpler, they’re the ones that make sense of the world as it is, and move decisively within it.
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Regulation: Balancing Restraint & Progress.
“If you think regulation isn’t needed, you’re the reason it’s needed.” There are two principal functions of regulation – policing sin, and shifting markets to better serve society – but both can be painful, imperfect and are evermore complex.
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How Exciting Are CBAMs?!
The Carbon Border Adjustment Mechanism (”CBAM”) is a wildly underrated policy instrument, which not only addresses carbon leakage, but also reproduces itself, driving realistic carbon pricing, on a global scale.
