New York Law Journal
On Nov. 1, 2019, the US federal banking regulators published three final rules for both US banks and non-US banks with banking operations in the United States. In this edition of her International Banking column, Kathleen A. Scott discusses highlights of all three final rules, which all are applicable in some way to non-US banks with banking operations in the United States.
Recognizing the objectives of the United Nations Sustainable Development Goals and the Paris Climate Change Agreement, the Equator Principles Association (EPA) released an updated fourth version of the Equator Principles (EP4) on November 18, 2019.
Some of the world’s largest pension funds and asset managers are drawing up plans for mandatory corporate reporting of climate issues and carbon pricing, among other actions, as outlined on day 8 of COP25 in Madrid.
Jargon at international climate talks often acts as a barrier to quick understanding of the nature and status of key issues – Article 6, ITMOs, ‘corresponding adjustments’ and (my personal favourite) A6,4ERs are just a few of the phrases used.
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