Published 3 years ago

EU fell short in vetting BlackRock for green banking rules, watchdog says

Summary by Reuters

The European Commission failed to properly consider conflicts of interest when it appointed a division of BlackRock, the world's largest asset manager, to help develop green banking rules, the European Union watchdog said on Wednesday. European Ombudsman Emily O'Reilly launched an inquiry after the EU executive in March appointed

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News18 India

EU Fell Short In Vetting BlackRock For Green Banking Rules, Watchdog Says

3 years ago·India

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The Guardian

EU 'did not properly consider conflicts of interest' over BlackRock contract

Hiring of investor to advise on environmental regulation for banks looked into by watchdogThe EU did not properly consider conflicts of interest when it hired the US investment manager BlackRock to advise on environmental regulation for banks, an influential watchdog has said.The European ombudsman, Emily O’Reilly, said the European commission, the EU’s executive arm, should strengthen its conflict of interest rules in light of the findings, in …

3 years ago·London, United Kingdom

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Reuters

EU fell short in vetting BlackRock for green banking rules, watchdog says

By Kate Abnett and Simon Jessop BRUSSELS/LONDON - The European Commission failed to properly consider conflicts of interest when it appointed a division of BlackRock, the world's largest asset manager, to help develop green banking rules, the European Union watchdog said on Wednesday. European Ombudsman Emily O'Reilly launched an inquiry after the EU executive in March appointed

3 years ago·United Kingdom

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OAN

EU fell short in vetting BlackRock for green banking rules, watchdog says

November 25, 2020By Kate Abnett and Simon JessopBRUSSELS/LONDON (Reuters) – The European Commission failed to properly consider conflicts of interest when it appointed a division of BlackRock, the world’s largest asset manager, to help develop green banking rules, the European Union watchdog said on Wednesday.European Ombudsman Emily O’Reilly launched an inquiry after the EU executive in March appointed BlackRock, through the company’s Financial…

3 years ago·San Diego, United States

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Bloomberg Quint

EU Watchdog Criticizes BlackRock Appointment as ESG Adviser

(Bloomberg) -- The European Commission failed to fully consider conflicts of interest when it appointed BlackRock Inc. to advise on new sustainable-finance rules for banks, according to a ruling by the European Union’s watchdog.The EU’s executive body “did not provide sufficient guarantees to exclude any legitimate doubt” of potential conflicts of interest when it hired the world’s largest asset-management firm, according to the Wednesday ruling…

3 years ago·Mumbai, India

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Fortune

EU watchdog offers warnings over BlackRock ESG advisory role

The European Commission failed to fully consider conflicts of interest when it appointed BlackRock Inc. to advise on new sustainable-finance rules for banks, according to a ruling by the European Union’s watchdog.The EU’s executive body “did not provide sufficient guarantees to exclude any legitimate doubt” of potential conflicts of interest when it hired the world’s largest asset-management firm, according to the Wednesday ruling by EU ombudsma…

3 years ago·New York, United States

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