Integrating Sustainable Finance into the Prospectus Regulation

Chiu, Iris; Schammo, P.

Abstract

The question of whether ‘specialist’ securities such as use-of-proceeds green bonds should be subject to a greater level of regulation has attracted considerable attention among policymakers and market actors. Much is at stake, especially because the green bond market has seen significant growth over the years. In this chapter we consider the role that EU prospectus disclosure regulation should play in relation to instruments such as green bonds. We examine the rationale for mandatory prospectus regulation and consider the role played by different market initiatives that have hitherto filled the regulatory gap. We are critical of current practices and argue in favour of mandatory ‘green bond’ prospectus requirements.

Citation

Chiu, I., & Schammo, P. Integrating Sustainable Finance into the Prospectus Regulation. In K. Alexander, M. Gargantini, & M. Siri (Eds.), The Cambridge Handbook of EU Sustainable Finance: Regulation, Supervision and Governance. Cambridge University Press

• Deposit Date: Jun 2, 2023
• Publisher: Cambridge University Press
• Book Title: The Cambridge Handbook of EU Sustainable Finance: Regulation, Supervision and Governance
• Chapter Number: 14
• ISBN: 9781009483940
• Public URL: https://durham-repository.worktribe.com/output/1647743
• Publisher URL: https://www.cambridge.org/core/
• Contract Date: May 1, 2023