Treasury Committee challenges FCA over the cost of greenwashing

Cost-benefit analysis "falls short"

MPs have called for the FCA to "spell out" whether retail investors will have to bear the costs of moving from greenwashed funds into products approved by the regulator as sustainable.

The Treasury Committee chastised the FCA's Sustainability Disclosure Requirements proposals, calling for further work to be conducted on the "lop-sided" draft reforms. In a letter to the FCA's chief executive Nikhil Rathi today (9 March), the Treasury Sub-Committee on Financial Services Regulations criticised three main areas of the draft. Treasury sub committee in 'shock' over FCA's sustainable mis-selling omission The letter said a more detailed analysis of the costs to consumers of switching out of inappropriate products is "clearly necessary" and raised concerns over the FCA's ...