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FIA announces joint associations in support of a risk-based approach to CSDDD

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Published on: 24 January 2023

Published by LNB News

LNB News 24/01/2023

Document Information

Issue Date: 24 January 2023

Published Date: 24 January 2023

Jurisdiction(s): United Kingdom

Article summary

The Futures Industry Association (FIA) has announced joint associations with the Association for Financial Markets in Europe, the International Swaps and Derivatives Association and the European Payment Institutions Federation in a whitepaper that highlights the importance of ensuring the proposed EU Corporate Sustainability Due Diligence Directive (CSDDD) takes a risk-based and workable approach. The associations highlight the serious challenges faced by financial institutions if CSDDD obligations are applied beyond their upstream supply chain to their relationships with corporate clients or trading counterparties in their downstream value chain.

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