1.0EBFhttps://www.ebf.eurich600338<blockquote class="wp-embedded-content" data-secret="NetKguaNSP"><a href="https://www.ebf.eu/uncategorized/regulating-the-esg-rating-market-the-european-banking-sector-perspective-matilde-quarin-european-banking-federation/">‘Regulating the ESG Rating Market: The European Banking Sector perspective’, Matilde Quarin, European Banking Federation</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://www.ebf.eu/uncategorized/regulating-the-esg-rating-market-the-european-banking-sector-perspective-matilde-quarin-european-banking-federation/embed/#?secret=NetKguaNSP" width="600" height="338" title="“‘Regulating the ESG Rating Market: The European Banking Sector perspective’, Matilde Quarin, European Banking Federation” — EBF" data-secret="NetKguaNSP" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript"> /*! This file is auto-generated */ !function(c,d){"use strict";var e=!1,o=!1;if(d.querySelector)if(c.addEventListener)e=!0;if(c.wp=c.wp||{},c.wp.receiveEmbedMessage);else if(c.wp.receiveEmbedMessage=function(e){var t=e.data;if(!t);else if(!(t.secret||t.message||t.value));else if(/[^a-zA-Z0-9]/.test(t.secret));else{for(var r,s,a,i=d.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),n=d.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),o=new RegExp("^https?:$","i"),l=0;l<n.length;l++)n[l].style.display="none";for(l=0;l<i.length;l++)if(r=i[l],e.source!==r.contentWindow);else{if(r.removeAttribute("style"),"height"===t.message){if(1e3<(s=parseInt(t.value,10)))s=1e3;else if(~~s<200)s=200;r.height=s}if("link"===t.message)if(s=d.createElement("a"),a=d.createElement("a"),s.href=r.getAttribute("src"),a.href=t.value,!o.test(a.protocol));else if(a.host===s.host)if(d.activeElement===r)c.top.location.href=t.value}}},e)c.addEventListener("message",c.wp.receiveEmbedMessage,!1),d.addEventListener("DOMContentLoaded",t,!1),c.addEventListener("load",t,!1);function t(){if(o);else{o=!0;for(var e,t,r,s=-1!==navigator.appVersion.indexOf("MSIE 10"),a=!!navigator.userAgent.match(/Trident.*rv:11\./),i=d.querySelectorAll("iframe.wp-embedded-content"),n=0;n<i.length;n++){if(!(r=(t=i[n]).getAttribute("data-secret")))r=Math.random().toString(36).substr(2,10),t.src+="#?secret="+r,t.setAttribute("data-secret",r);if(s||a)(e=t.cloneNode(!0)).removeAttribute("security"),t.parentNode.replaceChild(e,t);t.contentWindow.postMessage({message:"ready",secret:r},"*")}}}}(window,document); </script> https://www.ebf.eu/wp-content/uploads/2023/12/AdobeStock_541742251.png46723210In June 2023, the European Commission (EC) issued a proposal as one of the final components of the Sustainable Finance package, focusing on the transparency and integrity of Environmental, Social, and Governance (ESG) rating activities. This initiative represents a significant step towards regulating the ESG ratings market, with the primary objective of augmenting integrity, transparency, responsibility, good governance, and independence of ESG rating activities and, most importantly, contributing to the transparency and increased quality and comparability of ESG ratings. The proposed Regulation also seeks to establish stringent guidelines for rating agencies’ operations, aiming to mitigate conflicts of interest and biases in the rating process.