This paper examines the impact of current and future climate transition policies on Belgian firms as they approach the 2030 milestone set by the European Green Deal. Using data from an online survey conducted with members of key Belgian employers' federations, we assess the effects on firms'...

The European Commission recently published legislative proposals to reform the Markets In Financial Instruments Directive (MiFID). This note elaborates on the proposed shift in classification of “structured Undertakings for Collective Investment in Transferable Securities (UCITS)”. While...

Loss aversion has been shown to be an important driver of people’s investment decisions. Encouraged by regulators, financial institutions are in search of ways to incorporate clients’ loss aversion in their risk classifications. The most critical obstacle appears to be the lack of a valid...