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Fund managers see EU green-investment list held up over expert-group power squabble

By Jack Schickler ( June 6, 2019, 10:53 GMT | Insight) -- Financial institutions face uncertainty over a new EU classification of environmental investments because national governments are wary of a panel of industry experts having the legal power to decide what is and isn't green, documents seen by MLex show. National diplomats are due to discuss the proposals today after France, Germany and other EU states said it would be inappropriate to grant the European Commission-appointed expert group effective power to decide which economic activities were environmentally friendly.Financial institutions face uncertainty over a new EU classification of environmental investments because national governments are wary of a panel of industry experts having the legal authority to decide what is and isn't green, documents seen by MLex show....

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