Green finance needs looser regs – bank lobby

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By Jasper Cox
10 Dec 2019

The European Banking Federation has proposed a raft of policies to promote sustainable finance, such as a public sector financing guarantee scheme, looser bank capital requirements, a tweaked securitization framework and different collateral rules. Perhaps not surprisingly, the measures would lighten the regulatory burden on Europe’s banks, and they were criticised by politicians.

The EBF released its report on Monday to coincide with the COP25 climate conference in Madrid.

The industry body reiterated calls for a green supporting factor in banks’ capital requirements, meaning banks would be able to lend to sustainable projects with more leverage and therefore make more profit. ...

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