🇪🇺 The European Commission insists its new omnibus proposals are not about deregulation — but do they risk creating more uncertainty? 🖊️ The exclusion of financial services from the Corporate Sustainability Due Diligence Directive and the simplification of the Green Asset Ratio are clear wins for banks. However, limiting sustainability reporting under the CSRD could leave financial institutions struggling with data gaps. ✂️ Experts warn that by reducing the number of firms required to report and delaying deadlines, the proposals may undermine early adopters and increase risks. While aimed at cutting red tape, could the omnibus make it harder for banks and investors to finance the green transition? *Read more here:* https://on.ft.com/41zRyh9