What keeps bankers awake at night? This is a bit of a loaded question, but according to UK law firm Macfarlanes’ investigations and litigation team, there are a number of key regulatory and enforcement developments that are concerning heads of litigation and general counsel at banks in the UK, US, Europe and Asia.
“When we asked them what keeps them awake at night, by far the top answer was ESG,” says Matt McCahearty, head of the litigation and dispute resolution group at Macfarlanes. “Greenwashing is a particular concern and whether or not they can legitimately say that an ESG product meets certain standards.”
