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The Global Financial Regulator’s Summit Hosts its Pioneering Second Edition at ADFW 2023
ADGM: 30 Nov 2023
The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) hosted on 29th November the second edition of the Global Financial Regulators Summit, bringing together representatives from the MENA region, the European Union, the UK, Asia and the USA. The closed session allowed global financial regulatory leaders to discuss the role regulators play in shaping the sustainable finance landscape of the future.
The overarching objective of the event was to strengthen partnerships and increase cooperation on sustainability policy objectives within the regulatory community. The discussions promoted increased global collaboration in critical areas that will help in creating alignment among international standards and addressing regulatory gaps across jurisdictions that may be leading to harming financial markets and investors.
The first session which focused more specifically on Addressing the risk of greenwashing and enhancing investor education”, confirmed that international cooperation, partnerships and disclosure are paramount.
The second session on “Delivering on sustainable finance & the net zero pledges” showcased the importance of adopting effective and credible transition plans.
A special session has been conducted on the 30th of November 2023 during the R.A.C.E (Regulation, Awareness, Collaboration & Ecosystem) Sustainability Summit to discuss highlights of the subjects covered on the agenda, initial findings and the pathway to possible future agreements.