Greater transparency on CSR would save banks from duplicated efforts while learning from each other.
From challenging views on diversity in advertising to increasing productivity through homeworking initiatives, Lloyds is changing the way the corporations and society tackle D&I.
Market for social and sustainable projects will improve the visibility of asset class.
The vexed battle to finance small and medium-sized enterprises (SMEs) continues amid risk aversion, economic weakness, new regulations and banks’ balance-sheet repair. Here is a round-up of Euromoney's recent coverage.
Euromoney closely follows how financial institutions are supporting diversity within the industry. How are banks addressing pay equity and upward mobility across gender, race and sexual orientation – among both employees and clients? What are the challenges and how can they be overcome? Here is a selection of the latest news and opinion.
Big banks are finding it tough to be consistent around environmental standards. They need to try harder to address the conflicts and inconsistencies.
Gender lens investing is on the rise, and with good reason. Not only do companies perform better with greater female representation on their boards, but a multi trillion-dollar wealth transfer to women and millennials means greater investment focus on social issues like diversity.
ESG criteria increasingly used by investors; impact investing still has growth challenges.
In his first 16 months as governor of Kenya’s central bank, Patrick Njoroge has had to work through constant concerns about the health of the country’s economy and financial sector. Now he faces his biggest challenge yet: a piece of financial regulation he believes will deeply hurt Kenyan banks and their consumers.
European activism reaches record levels; softer approach contrasts with US aggression.
As political tensions around income inequality rise, so too does pressure on banks to hire employees from more varied backgrounds. While some have been early adopters of diversity, there is much still to do.
Some landmark deals from international banks are pioneering the green-bond structure in Latin America. But until the region begins to sell in local currency to local investors, the potential will remain unfulfilled.
The investment case for Myanmar is well known: the resources, the population and the convenient neighbours. What about the reality of banking on the ground? Banks may be growing fast, but they face challenges ranging from an absence of mortgages to changing rules and a national obsession with cash.
Global banks are in retreat. Some countries stand on the brink of exclusion from the conventional financial system.
Financial inclusion should be a win-win-win – for the unbanked, for economies, and for banks themselves.
Unbanked women an opportunity for banks; inclusion boosts economic growth.
The Wells Fargo scandal has once again put ethics at the heart of the debate about the future of banking. Regulation is clearly not working. Now an eclectic group of behavioural scientists, moral psychologists and spiritual leaders are stepping in to solve the problem. Will anyone on Wall Street listen?
More flexible sustainability bonds to take off; social impact bonds also set for boost.
Arundhati Bhattacharya already had one of the toughest jobs in India as chairman of State Bank of India. Not only is it the country’s largest financial institution, but it is also woven inextricably into India’s social fabric. She has made her job harder still by proposing a seven-sided bank merger. But as technological innovation increases and as asset quality plunges across public banks, bigger may not necessarily be better.
Cuba’s return to the international community will be long, complex and fraught with contradictions – not least in financial services. Reform remains a dirty word in a system where banking services for the masses are non-existent. The authorities talk a good game about attracting foreign investment – but how will they attract capital when the central bank won’t even discuss what reserves it holds?