ABU DHABI, 30th November, 2023 (WAM) -- The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) hosted yesterday the second edition of its Global Financial Regulators Summit, bringing together representatives from the MENA region, the European Union, the UK, Asia and the USA. The closed session enabled 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 was organised on 30th 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.