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).
For Australia’s infrastructure corporates, a multitude of risks lie on the horizon. Despite boasting years of robust growth, a more subdued outlook emerges for the near-term, driven by increasingly volatile market conditions. And driving growth in the longer term will call for substantial infrastructure investment. It is no surprise, then, that observers might ask: are the country’s corporates well prepared to manage these pressures?
Writing for Infrastructure Investor, S&P Global Ratings’ Parvathy Iyer argues that it seems so.
The key for corporates overcoming softer revenues and a challenging economic climate, Iyer argues, will be timing flexibility. And while Australia’s infrastructure sector has significant capital expenditure in progress or under consideration, companies spanning the airport and port sectors should have some freedom to alter their timing and level of spending in response to the economic climate.
To read the full article, please click here (behind paywall).
The Global Supply Chain Finance Forum (GSCFF), comprised of BAFT (Bankers Association for Finance & Trade), Euro Banking Association (EBA), Factors Chain International (FCI), International Chamber of Commerce (ICC), and International Trade and Forfaiting Association (ITFA), has released its new guidance document, Market Practices in Supply Chain Finance: Receivables Discounting Technique.
The paper is the first in a series intended to provide clarity and consistency to the world of supply chain finance, based on the GSCFF’s 2016 Standard Definitions for Techniques of Supply Chain Finance.
To read the paper, please click here
The news was covered by ABA Banking Journal, Business Money, TRF News, Trade Finance Global, TXF .
Speaking with Environmental Finance, Orith Azoulay, Natixis’ Global Head of Green and Sustainable Finance, welcomed the European Union’s taxonomy of climate-related activities as “a very positive development and a real milestone for sustainable finance”.
However, she explained that the taxonomy’s criteria for some so-called ‘transition’ activities – such as manufacture of cement and aluminium – could be too strict .
To read the full article, please click here (paywall).
In its most recent expansion move, RedRidge Diligence Services has appointed Tom McClay to its New York office as Director.
Tom will be responsible for further embedding RedRidge’s success with private equity groups, investment banks and corporate clients in the northeast region by providing buy-side and sell-side financial due diligence services.
Following Moorgate’s outreach, the news was covered by: TXF, ABL Advisor, Private Equity Wire, Trade Finance Analytics and TSL Express.
S&P Global Ratings has been identified as the “best credit rating agency for integrating sustainability and corporate governance factors” by respondents of the Independent Research in Responsible Investment (IRRI) annual survey. This is the first year of the category’s inclusion.
Collating over 33,000 data points from nearly a thousand verified industry respondents, the survey presents 61 industry insights and identifies industry leaders in 20 categories.
The results of the survey can be found here.
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.
Speaking to Insurance Day for their “Big Interview” feature, BPL Global’s Managing Directors Sian Aspinall and James Esdaile explain how the credit and political risk insurance broker’s independence and specialist focus is a competitive advantage in one of the insurance market’s most niche areas.
“We think the market has the potential to grow exponentially,” said Sian Aspinall. “We are in a very strong position to grow by having the right people present in the right hubs.”
You can find the full interview here (behind paywall), or on page 6 of Insurance Day’s latest issue here.