The Facilitated Emissions Standard intends to minimise delay on climate progress, but the response has been mixed.
Inroads have been made at COP28 on voluntary carbon markets and calls for carbon pricing, but phasing out fossil fuels is still the ‘elephant in the room’.
In the first trade day to be held at COP, trade leaders from the ICC, WTO, Unctad and the ITC came together to highlight the role trade and trade finance can play in the transition to a lower-carbon future.
Polish and Czech banks dominate the top 10 based on Tier 1 capital, with Hungary’s OTP Bank pipping PKO Bank Polski to first spot this year.
Huw van Steenis, vice-chair, Oliver Wyman, and former senior adviser to Mark Carney, says the changing macro-environment and focus on energy security could see a shift in priorities and pacing at this year’s meetings in Dubai.
Ukraine’s central bank governor tells us how the bank is helping keep the lights on, even as Russia targets Ukraine’s energy infrastructure.
How do you plug the $5.4tn ESG investment gap in emerging markets? ESG Book and the Future Investment Initiative Institute hope their methodology will address inherent biases in existing ESG ratings.
Have financial institutions got the balance right between human and automated decision-making when it comes to fraud detection and management?
World Bank president Ajay Banga has introduced a new approach for the bank to “deliver quality, more funding and speed”, but is its reform agenda ambitious enough to satisfy its critics?
World Bank president Ajay Banga has big ambitions, including measuring the bank’s performance based on outputs, rather than inputs. But ceasing fossil fuel financing doesn’t appear to be on the agenda for now.
Is this what a just, orderly and responsible transition to net-zero emissions by 2050 looks like?
Piraeus Bank’s market cap is now around €4bn, compared with €1bn just a year ago. CEO Christos Megalou says he is determined to do everything in his power to ensure it stays there.
IT and fintech was one of the few sectors of Ukraine’s economy that grew last year. Some even see it as a “pillar for stronger democracy” in the country.
Development money is pouring into Ukraine, but some NGOs and civil society organisations are not convinced the money is being well spent. And what does “build back better” even mean?
Is the closing of bank accounts discriminatory, or symptomatic of a culture of “over-compliance”?
With ESG becoming more top of mind, and litigation and regulatory enforcements on the rise, is it any wonder that bank heads of litigation and legal counsel are finding it difficult to sleep at night?
The financial system has proved remarkably resilient, so far, to rising interest rates. But cracks are starting to appear as these filter through to borrowers and credit losses start to mount.
Commerzbank and Deutsche Bank move up the best performing rankings as restructuring efforts bear fruit.
Italy’s largest lenders moved up in this year’s best-performing bank table, while last year’s top performers saw their fortunes wane.
Poland’s largest bank, PKO Bank Polski, is deposed from the top spot in this year’s overall best-performing table.