The EBA consults on the revision of product oversight and governance Guidelines for retail banking products to consider products with ESG features and greenwashing risks
The EBA launched a public consultation proposing revisions to its Guidelines on product oversight and governance (POG) for retail banking products. The revisions aim to prevent greenwashing and ensure high standards of business conduct for products with ESG features. The consultation responds to increased greenwashing risks and recent legislative changes, and proposes targeted amendments to clarify requirements for ESG products.
European Banking Authority
Date Added
21 April 2026 at 23:31:03
Why it matters
This consultation is significant for compliance teams as it signals upcoming changes to product governance requirements for ESG products, with a focus on preventing greenwashing and consumer detriment. Firms should review the proposed amendments and prepare for enhanced scrutiny of ESG-related product claims and governance.