When Banks Try to Be ETF Hosts, the Margins Usually Win
The most important development is not that banks are stepping back. It is who is stepping forward.
SFDR 2.0 and the Repricing of Sustainability
Europe has simplified the rules. The question is whether capital will follow credibility instead of labels. A Reset in Market Signals Europe is rewriting how sustainability shows up in financial products. Article 8 and 9 labels are being retired. Three new categories take their place: Sustainable, Transition, and ESG Basics. The stated goal is clarity,