Tackling greenwashing and promoting transparency; 2. Building the capacity of both National Competent Authorities and ESMA in the sustainable finance field; and 3. Monitoring, assessing and analysing ESG markets and risks.
Banks, in particular, appear to have ceased to trust each other’s creditworthiness leading to difficulties in the money markets in the US, Europe and the UK resulting in drying up of liquidity, since each financial institution attempted to shore up its own liquidity to meet its obligations.