UK banks suffering due to lacklustre sustainable trade finance – Pole Star
90% of UK banks and 56% of Swiss banks have lost business in the trade finance industry due to lack of decarbonisation financing terms, according to research from Pole Star. The maritime, governmental, and financial technology solutions company is calling for environmentally-driven regulation for banks falling behind on sustainability and carbon emission reductions.
Regulated Radio – Episode 22: How ready are banks for the end of the Brexit transition period?
In just three weeks, the transition period for the United Kingdom’s departure from the European Union will end. Banks are busy preparing for an important change in the terms of market access between the EU and the UK and regulators are working to ensure a smooth transition for the financial sector, both on 1 January and in the days that follow. In this episode, we speak to two of Deloitte’s banking and capital markets Brexit leaders, Vishal Vedi and Alex Szmigin, to get their take on the readiness of the banking sector for the end of the transition period and what they think banks should be doing now to make sure they are prepared. Join us as we delve into some of the most interesting issues in this fast evolving situation.
How Bahrain’s banks are shifting towards sustainability and green finance
In this Global Platform video, Abdulaziz bin Abdulrahman Al Helaissi, Group CEO and Member of the Board of Gulf International Bank, discusses a sector-wide shift towards sustainability and the issuance of green bonds.
Learn more: http://ow.ly/lnAu30slvEQ
Trade Ideas: Short WTI in Mid-$80s, DXY in Mid-107.00s
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WTI is mounting a modest comeback on Tuesday amid some optimism that China might back from its zero-Covid strategy after hitting fresh annual lows earlier in the week. But the demand outlook remains fragile and rallies to the mid-$80s remain attractive to add to shorts.
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Financing the sustainable transition: measuring the impact of banks
The Banker, in collaboration with sustainable economy research organisation Corporate Knights, has created a new Sustainable Banking Revenues Ranking (https://www.thebanker.com/Banker-Data/Banker-Rankings/Vancity-tops-Sustainable-Banking-Revenues-Ranking).
In this webinar, The Banker’s Marie Kemplay discusses with the sustainability heads of three banks the challenges of increasing reporting and their levels of sustainable financing activity.