This report examines the financial landscape of the Middle East and its viability as a bona fide and sustainable financial centre, as well as the main themes and trends that hold future significance for the region.
Regulation
Vanguard fined $12.9m for poor screening of ESG fund
Vanguard Australia has been fined $12.9 million for making misleading claims about the ESG screening for its Ethically Conscious Global Aggregate Bond fund. The judge in a case brought by ASIC noted that almost three-quarters of the securities in the fund by market value had not been researched or screened against ESG criteria.
Chris DastoorSeptember 25, 2024
