Case

DWS (asset-management arm of Deutsche Bank)

On 25 September 2023 the US securities regulator announced a $25 million settlement covering anti-money-laundering failures and misstatements about ESG investing. Illustrates greenwashing and information asymmetry.

Industry
Asset management
Frameworks applied
Four responsible-investment strategiesMarket Failures Approach (MFA)
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Frameworks applied

This case is read through the frameworks below.

  • Four responsible-investment strategiesWhen a fund manager wants to build ESG and ethical concerns into a portfolio, should they use screening, integration, shareholder engagement or impact investing, and what does each trade off?
  • Market Failures Approach (MFA)When reviewing how the firm makes its profits, which strategies should a business owner drop because they rely on market failures rather than fair competition?

Sources

References

Listed A–Z by author surname, Harvard style. A source with a DOI links to https://doi.org/…; one without links to its page or says plainly that it has no DOI.

  1. US Securities and Exchange Commission (2023) Deutsche Bank subsidiary DWS to pay $25 million for anti-money laundering violations and misstatements regarding ESG investments. sec.gov, press release 2023-194, 25 September 2023.No DOIsec.govSource page