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New firm mine. aims to build 'institutional memory' for borrowers
When staff complain, they deserve a fair hearing, not a wall of silence
Syndicate and trading executives get wider responsibilities
Weak or half-hearted response to Greenland threats will leave markets crumbling
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Sixteen banks have made the most concerted effort yet at defining how to do scenario analysis on climate change — the core risk management exercise called for by the Task Force on Climate-Related Financial Disclosures.
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How risky is it to lend money to a coal-fired power plant or an oil company? OK for another five years, perhaps — but how much longer can they carry on in the face of climate change? So far, banks have largely ducked questions like these. But from next year, more and more of them will be giving some kind of answer in their annual reports.
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BMO Capital Markets has parted ways with one of its senior syndicate bankers.
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RBC Capital Markets is losing two members of its US private placements team in New York, one of which is a business veteran.
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In the three-legged race that is European lawmaking, one of the legs has just made a big stride forward in sustainable finance policy, publishing the most ambitious plan so far.
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S&P Global Ratings is preparing to launch an ESG Evaluation product, competing directly with socially responsible investment (SRI) rating firms such as MSCI and Sustainalytics.