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A new study from behavioural finance experts, Oxford Risk shows just two out of five (38%) European wealth managers are fully aware of and strongly understand the European Securities and Markets Authority (ESMA) MiFID directives on sustainability (ESG) assessments.
Its study with wealth managers across France, Germany, the Netherlands, Spain, Italy, Switzerland, and the Nordics found that despite ESMA updating its guidelines to integrate sustainability factors, risk, and preferences into investment firms’ organisational requirements last September, there are still more than one in 12 (13%) wealth managers who admit they don’t know what the directives on sustainability assessments are or are unsure they understand them.
Oxford Risk’s revenue from...
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