Reuters NEXT-Too much regulation confuses sustainability efforts -Lazard's Singhal
NEW YORK, Nov 8 (Reuters) - A slew of new sustainability-linked regulations in Europe, much of it focused on the labeling of financial products, is creating confusion for investors, a senior Lazard executive said at the Reuters NEXT conference on Wednesday.
"They're trying to create all these delineations and then there are essentially loopholes everywhere. And we're ending up with really more confusion than the original intention," said Nikita Singhal, co-head of sustainable investment and ESG at Lazard's asset management arm.
Max Chen, partner at Chinese private equity firm Primavera Capital, said international investors were "really faced with a competing standard" and "really need to navigate through that process" of increased regulation. (Reporting by Isla Binnie Editing by Chris Reese)
