Page 5 - சுவிஸ் நிதி சந்தை மேற்பார்வை அதிகாரம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Banks urged to think green or face extinction Published on Share Climate change is forcing financiers to change the way they think and act. This could have a big impact on their balance sheets – and potentially their very survival.   “Bankers are no longer purely financial specialists, but also connoisseurs of the environmental and social footprint of investments,” said Yves Mirabaud in his last speech as president of the Association of Swiss Private Banks in June.  He spoke just after the Swiss Financial Market Supervisory Authority (FINMA) ordered banks and insurance companies to transparently “inform the public adequately about their [climate] risks”. Typically for Switzerland, companies will be allowed to self-regulate, but FINMA wants full disclosure on their accounting methods.

United statesFrance generalDaniele stoffelYves mirabaudZeno staubMartin nerlingerMartin raabSwiss financial market supervisory authoritySwiss bankers associationAssociation of swiss private banksTask force on climateWorld bankNorislk taimyr energySwiss private banksTask forceFinancial disclosures