CEO of Fidelity International Anne Richards has urged the asset management industry to unite to "change the very nature of the capitalist system" through collaboration on sustainable investing or risk policy makers doing so in a more "painful" way.
Richards warned global wealth inequality, climate destruction and the rise of political extremes are among the factors that will force the hand of governments if action is not taken, amid an "increasingly hostile" public attitude towards market capitalism. Regulators to explore removing 'barriers' to addressing 'unprecedented' climate risk Speaking at CFA Institute Annual Conference today, Richards said the sector's role "as allocators of capital" means it has "an opportunity to change the very nature of the capitalist system", but warned there is a "small window of time to come toget...
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