ESMA presents methodology for climate risk stress testing and analysis of the financial impact of greenwashing controversies

December 19, 2023--The European Securities and Markets Authority (ESMA), the EU's financial markets regulator and supervisor, today published two articles, one outlining an approach to modelling the impact of asset price shocks from adverse scenarios involving climate-related risks, the other exploring the use of ESG controversies for the purpose of monitoring greenwashing risk.

Risk article: Dynamic modelling of climate-related shocks in the fund sector

The article presents a methodological approach to modelling climate-related shocks in the fund sector, which includes dynamic impacts, such as inflows and outflows from investors and portfolio rebalancing by managers. The analysis focuses on the overall direction of these effects, finding that investor outflows can worsen falls in fund values following an initial shock.

Ex-Pimco executive plans Europe's first catastrophe-bond ETF

October 29, 2025--King Ridge Capital Advisors is already managing the world's first-ever cat-bond ETF for Brookmont Capital Management.
Europe may soon get its first exchange-traded fund based on catastrophe bonds.
An application to register the ETF was filed in Ireland, according to Rick Pagnani, co-founder and CEO of King Ridge Capital Advisors.

CoinShares Launches TON ETP with Zero Management Fees and 2% Staking Yield

October 28, 2025-Europe's leading digital asset manager delivers institutional access to TON, the blockchain powering Telegram's 900+ million users.