SEB has formally adopted the Equator Principles on project financing. The bank views this commitment as a step in ensuring the application of sound practice in terms of assessing and handling environmental and social impacts when engaging in project financing transactions. The Equator Principles are a set of voluntary guidelines developed by major international banks in conjunction with the International Finance Corporation, part of the World Bank Group. The goal of the guidelines is to create a widely accepted framework for lenders and borrowers in project finance for addressing environmental and social issues caused by projects, with the aim to make sure that the projects are properly assessed and implemented. SEB will report annually on its implementation process and on the number of transactions screened against the Equator Principles.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.