Bankers turning toward green lending as climate risks rise

first_img FacebookTwitterLinkedInEmailPrint分享Bloomberg:Some of Europe’s largest banks are unveiling plans to lend and manage money in greener ways as pressure mounts to account for risks associated with climate change.“It is coming, it’s a trend that’s started,” said Louis Douady, head of corporate social responsibility at Natixis SA in Paris. “The intention is to adapt our balance sheet to climate transition, so clearly we want to have a change in our business mix.”Financial institutions are beginning to get on board with the global fight against climate change, a movement that was until recently the territory of non-profit organizations and environmentalists. Natixis, UBS Group AG and ING Groep NV are among lenders unveiling large-scale environmental finance and investing initiatives as central banks and regulators step up their warnings on climate risk.Natixis is working on a new color-coded indicator that will be applied to about 60 percent of its activities to encourage more climate-friendly business. The system, due to start by year-end, uses shades of green, brown or neutral to reflect a transaction’s risk weighting on the bank’s balance sheet. The greener the project, the lighter the risk.UBS recently introduced a sustainable investing strategy to its wealth management arm in Switzerland, the U.K. and the Asia Pacific region that has amassed more than 2 billion euros ($2.4 billion) from investors in the first six months of the year.“Demand for sustainable and impact investing has undeniably been on the rise in recent years,” said James Purcell, head of alternative and sustainable investments at UBS. “The game changer has been the realization that this investment strategy does not mean sacrificing returns.”More: Banks Pivot Toward Greener Finance in Climate Action Push Bankers turning toward green lending as climate risks riselast_img read more

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CFPB issues resources on LIBOR transition

first_img continue reading » When NCUA issued its 2020 supervisory priorities, one item of note was preparing for the end of London Inter-bank Offered Rate (LIBOR). We blogged about this and briefly covered the topic in an article for our Compliance Monitor(member only). Now there are some new resources and a proposed rule from the CFPB on this issue.The United Kingdom’s Financial Conduct Authority has announced that it can no longer guarantee the reliability of LIBOR beyond 2021. Currently, LIBOR is used an indicative measure of the average interest rate at which major global banks could borrow from one another and often tied to consumer loan rates. Although not all credit unions rely on LIBOR as an index for variable rate loans, some do and Regulation Z has limitations for changing an underlying index on products. In the FAQ document, the bureau summarized various provisions that may come into play. For closed-end products, this includes:Adjustable-rate mortgage origination disclosures under section 1026.19(b)(2); ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

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H1N1 FLU BREAKING NEWS: Sanofi donates vaccine, cases soar in Chile, Australia ups alert level, more NYC deaths, antivirals safe in pregnancy

first_imgJun 17, 2009Sanofi donates 100 million pandemic vaccine doses to WHOA Sanofi executive announced today at a health conference in Seattle that the company will donate 100 million doses of novel H1N1 influenza vaccine to the World Health Organization (WHO) to support its efforts to help the world’s poorest nations respond to the pandemic, the company said in a press release. The company said that once vaccine production begins it will set aside 10% of doses to donate to the WHO. Novartis said recently it will provide discounted, but not free, vaccines.[Jun 17 Sanofi press release]Novel flu cases soar in ChileThe number of novel H1N1 cases in Chile surged to 3,125 today, Agence France-Presse (AFP) reported, citing a government update. The number is 1,431 more than the total for Chile reported by the WHO on Jun 15. Chile has reported two deaths from the virus, which seems to be striking children the hardest: 64% of infections are reported in the 5- to 19-year-old age-group. Elsewhere in South America, Argentina reported three more deaths, according to media reports.[Jun 17 AFP story]Australia moves to new pandemic alert levelAustralian Health Minister Nicola Roxon today raised the country’s pandemic response level from “contain” to “protect,” according to a government statement. The level is a new phase that was created to address the moderate severity of the novel H1N1 pandemic and is in line with the WHO’s phase 6 declaration, the government said. The “protect” phase calls for an emphasis on treating people who have severe infections. Roxon said states will phase in the new response level by Jun 26.[Jun 17 Australian government statement]NYC reports 7 more H1N1 deathsHealth officials in New York City reported seven more novel H1N1 deaths, raising the total to 23, according to the city’s latest surveillance update. Few details were available about the latest victims, though the report said all were between the ages of 25 and 64 and that most were hospitalized in late May at the peak of the outbreak. Overall, of the 20 deceased patients whose history was known, 16 had underlying medical conditions that put them at higher risk.[New York City Department of Health report]Tamiflu, Relenza appear safe for pregnant womenLimited data indicate that the flu drugs oseltamivir (Tamiflu) and zanamivir (Relenza) are relatively safe for pregnant women, who are at increased risk for flu complications, says a review in the Canadian Medical Association Journal. Oseltamivir is preferable for pregnant women because more safety data are available, but either drug may be used. Both drugs are considered compatible with breastfeeding. The novel H1N1 virus is sensitive to both drugs but resistant to older antivirals.[Early-release CMAJ article]US Virgin Islands, St. Maarten report first casesTwo Caribbean island territories, the US Virgin Islands and Dutch St. Maarten, have reported their first H1N1 flu cases, according to the Associated Press (AP). In the Virgin Islands, a woman who recently returned to St. Thomas from a trip abroad had the virus but was doing well. On St. Maarten, a 22-year-old American student at the American University of the Caribbean was recuperating, the story said.[Jun 16 AP report]last_img read more

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Buyer breaks street record to live the Tuscan life

first_imgInside the home at 18 Craig St, Wishart.The auctioneer managed to get the price up to $1.5 million and the property was called on the market.Competition ramped up again with the bids peaking at $1.5755 million.Mr Comino said the home sold to a family from China who were looking to buy close to their children in Carindale.The agent said the Wishart market was still performing well despite a slow down since 2015-16.“The higher (end of the market) is a bit tougher but it’s still a seller’s market,” he said. The home at 18 Craig St, Wishart.A Tuscan villa-inspired home has smashed a street record after selling under the hammer in Wishart.The property at 18 Craig St sold for $1.5755 million at auction.The previous street record was set when no. 15 sold for $1.252 million in August.Kosma Comino of LJ Hooker Sunnybank Hills said it was the highest sale for a property under 1000sq m in the 4122 postcode.“It’s an iconic home and the auction pulled a massive crowd of more than 60 people,” he said.More from newsCrowd expected as mega estate goes under the hammer7 Aug 2020Hard work, resourcefulness and $17k bring old Ipswich home back to life20 Apr 2020The property attracted eight registered bidders who pushed the price to $1.47 million where it looked like it would be passed in.last_img read more

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Apeejay Shipping Bolsters Fleet

first_imgApeejay Shipping Limited, an Apeejay Surrendra Group company, has acquired a 76,602 dwt gearless Panamax, which has been renamed APJ Kabir Anand.The latest purchase is the third gearless Panamax vessel to be added to the company’s fleet since September 2017.“This is a good time to own quality assets,” Karan Paul, Chairman of Apeejay Shipping, said.As explained, the freight market is forecast to be favorable for the industry in the coming years, due to a general increase in demand as a result of growth in the world economy and a drop in the supply.According to Paul, 2018 and 2019 are expected to be strong years for dry-bulk shipping.“We are well poised to take immediate advantage of the positive trend in the dry-bulk market with a judicious addition to the fleet with second-hand tonnage at good prices. We are keeping our focus on expansion and growth and are on the lookout to purchase right vessels at the right time,” he added.The Panamax increases the company’s fleet capacity to 9 ships.last_img read more

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Geoquip Marine’s New Vessel Heads to Work

first_imgGeoquip Marine’s DP2 multi-purpose offshore support vessel, the Geoquip Saentis, is heading to its first assignment after a major overhaul.Following a dry-docking, moonpool installation, major overhauls and the installation of Geoquip’s GMR600 marine drillrig the vessel is now ready to begin its new work.The Geoquip Saentis’ first project will include numerous PCPT and sample boreholes plus a large number of 20-tonne seabed PCPT’s, the company said.At 80m length and 18m beam Geoquip Saentis provides a platform for offshore geotechnical operations, allowing seabed PCPT equipment and ROV to be mobilized alongside the GMR600.The vessel has accommodation and work spaces for 55 crew members.last_img read more

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Batesville CYO Basketball Scores

first_imgSt. Louis-1 67                        St. Mary’s  51St. Louis-1 got balance scoring to defeat St. Mary’s 67-51 and improve to 4-0 on the season. St. Louis-1 jumped out to a 18-9 first quarter lead and would extend the lead to 14 at half and lead 30-16. St. Louis lead would grow to 20 after 3 quarters and would go on to secure the win.  We were playing pretty well but we didn’t do a good job rebounding or taking care of the ball.Lane Oesterling          19Sam Giesting              13Kyle Siefert                 10Alex Westerfeld          10Cooper Williams         9Nathan Eckstein          4Sam Bedel                   2St. Louis-2 45                  Holy Family  59St. Louis-2 fell to Holy Family 59-45. Despite not playing well, St. Louis-2 would only trail by 3 entering the 4th quarter 54-34. Holy Family took advantage of St. Louis-2 poor shooting to pull away in the 4th quarter to secure the win. Overall we didn’t play well all game and were fortunate to only be trailing by 3 entering the final quarter. But in the 4th quarter our poor play caught up with us and Holy Family pulled a way for the win.Adam Cox                    17Evan Vogelsang           10Gus Cooper                 9Brayton Worthington   5Christian Anderson     3George Ritter               1last_img read more

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La Liga: Chukwueze’s Villarreal keep UCL hopes alive with Getafe win

first_imgSamuel Chukwueze was in action for 51 minutes as Villarreal scored a late flurry of goals to win at Getafe without Ogenekaro Etebo as they keep the pressure on Sevilla for a Champions League qualification spot. Two penalties from Santi Cazorla gave the Yellow Submarine the lead either side of Hugo Duro’s equaliser for the hosts while a last-minute goal from Ruben Pena wrapped up the points for Villarreal. Loading… Read Also:La Liga: Barca now relying on Real Madrid dropping points – Suarez The win takes Javi Calleja’s side to within three points of Sevilla – who are yet to play this matchday – and keep alive their hopes of securing fourth in La Liga, a position which would secure Champions League football next season. Villarreal have now won six of their eight matches since the restart of La Liga last month while this ensures Getafe have now won just once in their last nine in the league – effectively ending their top four ambitions. FacebookTwitterWhatsAppEmail分享 Promoted ContentWhich Country Is The Most Romantic In The World?The Very Last Bitcoin Will Be Mined Around 2140. Read More6 Ridiculous Health Myths That Are Actually True8 Best 1980s High Tech GadgetsYou’ve Only Seen Such Colorful Hairdos In A Handful Of AnimeBest Car Manufacturers In The WorldWho Is The Most Powerful Woman On Earth?10 Risky Jobs Some Women DoCouples Who Celebrated Their Union In A Unique, Unforgettable Way8 Things You Didn’t Know About Coffee5 Reasons Why The Black Widow Solo Movie Will Be AwesomeBirds Enjoy Living In A Gallery Space Created For Them The game was goalless up until the midway point of the second half between two sides who had been separated by just one place and one point going into the encounter.last_img read more

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Matic raring to go

first_imgNew Chelsea signing Nemanja Matic is eager to be involved in Sunday’s Barclays Premier League clash with Manchester United. Matic began his second spell at Stamford Bridge on Wednesday after completing a transfer from Benfica reported by the Portuguese club to be worth £20.75million. The 25-year-old left west London three years ago as part of the deal which saw David Luiz move from Benfica. Chelsea boss Jose Mourinho views Matic as the defensive midfielder his team are missing and the Serbia international is keen to make an instant impact against United. “The coach has to decide but I am ready. I’m in training, I played (for Benfica) on Sunday against Porto so I don’t have any problems,” Matic said. United will arrive in the capital as champions but their chances of winning the title are as good as finished as they trail leaders Arsenal by 11 points. Chelsea are only two points behind the Gunners, however, and could finish the weekend as leaders themselves if results go their way. Matic believes the Blues will develop into a dominant force in Europe as well as England. “Chelsea are a very good team and have very good young players. In the next few years Chelsea will show power,” he said. “Of course we need a bit of time because if a player is young he needs time to show all his qualities but I think Chelsea will be one of the best teams in Europe.” center_img Press Associationlast_img read more

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Victor Valdes posts farewell message to Manchester United fans

first_imgVictor Valdes has sent a farewell message to his supporters as the Spanish goalkeeper edges towards an exit from Manchester United. Valdes signed an 18-month contract with United after moving to Old Trafford a year ago but fell out with manager Louis van Gaal over the summer. He did not go on the summer tour to the USA and was not permitted to train with the first-team squad. Valdes won the Champions League three times at Barcelona and has also won the World Cup and European Championship with Spain. The 34-year-old is expected to join Belgian side Standard Liege after a hugely frustrating spell at United, where he has not made a single appearance or even been given a shirt number this season. The former Barcelona player posted a message on Twitter above a picture of United’s training ground saying: “Thank you all for your support during these months of hard work for me. I will never forget! See you soon!” center_img Press Associationlast_img read more

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