Writing for Börsen-Zeitung, Hansjörg Patzschke, Natixis’ Senior Country Manager for Germany and Austria, outlined the crucial role that banks play in supporting the fight against climate change.
Patzsche explains that banks and regulators should put in place concrete and achievable goals to support the transition to a low-carbon economy, as well as working work hand-in-hand with all actors to promote the further development of green finance.
To read the article, please click here.
Natixis is launching a new framework – its Green Weighting Factor – to measure how green its corporate and investment banking products and lending are, affecting the internal risk weightings it applies to loans and potentially staff pay.
“We are going through all our portfolio of loans to have a taxonomy on what is the impact on the climate and some other factors of the loans,” explained Natixis Chief Executive, François Riahi, at the bank’s recent green finance conference in Paris.
Natixis will internally apply a higher risk weighting on loans to high-carbon emission industries, which depresses the return on the capital achieved. Conversely, green loans will get a reduced risk weighting, improving the internal calculation of its profitability.
To read the full article click here. (paywall)
Natixis Payments and Visa have partnered to launch Xpollens, the first end-to-end “Payments in a Box” offer that integrates a full range of innovative payment solutions for Fintechs, corporates and retailers.
Xpollens helps these players integrate a full range of payment services, from payment cards to instant payments through customer accounts. The integration of Apple Pay will help answer high demand for greater control, functionality and better user experience. Apple Pay will be available as soon as Xpollens’ solution goes live.
The news was covered by Finextra, PYMNTS, Fintech Finance, The Paypers, Ecommerce News, Infoplay, Fintech Insight.
Investors are increasingly interested in renewables financing and the growth of so-called “green unicorns”, explain Natixis’ Global Head of Equity Capital Markets, Eric Arnould and Global Head of Real Assets, Anne-Christine Champion.
Speaking to Global Capital at the Natixis Renewable Energy Forum, Champion indicated that activity has substantially picked up over the last year, with a growing appetite for green, renewable projects and sustainable assets.
Arnould also noted the potential to develop a European hub for renewable energy financing. “The US is likely going to be the centre for high tech listings for some time, but I think Europe can take the lead in renewable energy,” he added.
To read the article in full, please click here (paywall).
China’s Belt and Road Initiative (BRI) presents significant potential for the future of global trade. And the country’s reliance on the Middle East for oil imports means that there is potential for the region to become key beneficiaries of the ambitious project. This could bring significant benefits to the Middle East, including increased investment, improved infrastructure and an increase in bilateral trade.
In an article for Banker Middle East, Bana Akkad Azhari, Head of Relationship Management MEA & CIS, BNY Mellon, discusses the striking opportunities for the Middle East in China’s Belt and Road Initiative, and the role that local and global banks have to play in harnessing these opportunities.
To read the full article, please see page 46 of Banker Middle East‘s June edition here.
Commerzbank and Bangkok Bank have jointly run an international trade transaction based on Distributed Ledger Technology (DLT), the first Europe-to-Asia trade transaction completed on the Marco Polo network.
The transaction comprised the supply of glass tubes from German specialty glass manufacturer Schott to Thai packaging manufacturer A.P.A. Industries, with the entire flow of information mapped via R3’s Corda DLT platform. All parties involved were able to communicate and view trading data simultaneously via specially set up digital nodes.
Enno-Burghard Weitzel, head of product management trade services at Commerzbank AG, says, “We are happy to be one of the drivers to develop this digital solution for trade finance and to support clients with our expertise.”
Following outreach by Moorgate, the news was covered by: Finextra, Fintech Finance, TRF News (behind paywall), TXF News (behind paywall), IJGlobal (behind paywall), Global Trade Review, Der Treasurer, The Paypers, Tokenpost, Block Tribune, and Fintech Insight.
In an interview with PropertyEU, Emmanuel Verhoosel, Natixis’s new global head of real estate and hospitality, discusses the French bank’s plans to reinforce its London office and expand its business in Germany.
Natixis already has a ‘special place in the US (among European banks)’, according to Verhoosel, and plans are in place to ‘reinforce’ the London office to increase the focus on financing core assets and to better service global clients.
The new Natixis head also wants to further develop business in Germany, and comments, ‘the next big thing for us is Japan’ in terms of new global real estate investing trends.
Read the full interview in the April edition of PropertyEU.
Natixis has teamed up with Groupama Gan Vie, a subsidiary of the Groupama Group, to launch the first green structured note that is entirely supportive of the energy transition. The move reflects both groups’ proactive approach to the fight against climate change.
The product offers a means to directly finance renewable energy projects in order to ensure more environmentally-respectful energy production. The funds collected will be invested exclusively in wind, solar, hydraulic and biomass projects that respect responsible management criteria. The structured not will be issued by Natixis and launched on 1 May.
Elie Bitton, Head of EMEA Sales and Global Head of Financial Engineering, Natixis Global Markets, said: “We are proud today to be able to offer an investment solution that is 100% committed to the climate, and we thank Groupama for its trust and confidence in this high-profile operation.”
Following outreach from Moorgate, news of the launch was covered by El Asesor Financiero, Noticias Canarias, Structured Retail Products, International Advisor, Compelo and Investment Europe.
BNY Mellon, with support from the ICC, has launched its new global report and survey: “Overcoming the Trade Finance Gap: Root Causes and Remedies”.
The findings reveal that trade finance rejection rates are increasing in a third of institutions. These numbers are significant, and highlight the challenge many businesses are facing when it comes to accessing funding for trade not only persists, but could be getting worse.
With the trade finance gap remaining a significant threat to the health of global trade, the survey examines its causes and, importantly, moves the conversation towards resolution – exploring participants’ views on what they think could most effectively help to close the gap.
Read the survey to find out what the industry had to say about the factors driving the gap, and what they believe the focus should be to address it.
Commerzbank and Landesbank Baden-Württemberg (LBBW) have recently – for the first time – successfully executed the necessary data transfers to complete two commercial transactions via blockchain-based trade finance network Marco Polo.
“The transaction proves that blockchain technology offers our clients state-of-the-art financing for trade transactions,” says Nikolaus Giesbert, divisional board member for Trade Finance & Cash Management at Commerzbank. “We see a valuable opportunity here to work together to develop and bring to the market innovative trade finance solutions.”
News of the transaction was covered by: Banking Technology, Bitcoin Exchange Guide, BlockTribune, CMTFile, Coin Speaker, Coin Telegraph, CoinDesk, Der Treasurer, Disruption Banking, Financialit, FinExtra, Fintech Finance, FinTech Futures, Global Treasurer, Global Trade Review, Ledger Insight, The Paypers, TokenPost, Trade Finance Global, TRF News, TXF, TXF tracker (behind paywall), & Yahoo