The enforcement of environmental-crime legislation is evolving in the UK—and the pace is set to quicken, with inevitable implications for financial firms and investors. Increasing enforcement sophistication and AML risks, focus on supply-chain due diligence, and ESG and regulation are three ways in which risk is changing for the industry.
Prudential Regulation Authority
Mazars’ study on sustainable finance surveying 37 banks in North and South America, Asia and Europe indicates that progress is being made, especially in the UK and France, toward reaching ESG targets. Although improvement is still required in specific areas, banks and various agencies are joining forces to achieve sustainability goals.
The non-disclosure agreement can be an easy fix from an employer’s standpoint, but can it silence an employee who has signed one in any circumstance? Or do other legal provisions and obligations invalidate a signed NDA? One thing is definite. An employee should seek legal advice before signing an NDA as part of any employment agreement.
The stewardship responsibility of today’s bank has become more complicated in the light of climate change. Not only does a bank need to be cognizant of its responsibility to safeguard customer finances but also the future of the planet on which we all live. Green finance is an ever more significant influence on the decisions made by bankers determined to reconnect with the needs of society in more ways than just financial.
For banks, cloud computing appears to be the perfect answer to the growth of big data—and the necessity to manage and exploit it. This shared pool of information offers increased efficiency at lower cost, but adoption can be challenging for banks, with regulators expressing concerns especially regarding customer data protection. Fortunately, success is within reach through effective collaboration between banks, regulators and cloud providers.