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Companies that use supply chain finance (SCF) products are set to be hit with stricter disclosure requirements, as an influential US-standards setting body works to “enhance transparency” in the sector. The Financial Accounting Standards Board (FASB) unveiled the plans in a proposed accounting standards update in December, a little over a year after the independent ...
The European Commission’s decision to allow gas and nuclear power projects to be considered sustainable investments has fuelled debate over the role of the two energy sources in the transition away from coal and gas. The Commission announced on February 2 that gas and nuclear power will be added to the EU taxonomy on sustainable ...
The imposition of US and European sanctions on Russia could create an unprecedented compliance headache for financial institutions, legal professionals are warning. Western governments continue to threaten Russia with restrictions on trade and financial flows if it embarks on military action against neighbouring Ukraine. The Kremlin denies it plans to launch an attack, but has ...
Switzerland’s Helvetia has become the latest insurer to rule out any future involvement in the Adani Group’s controversial Carmichael coal mine project in Australia, GTR can reveal. Helvetia has previously stated it has no current involvement in the project, following pressure from Market Forces, which has led a sustained campaign to dissuade banks and insurers ...
London-based Finverity has raised US$2mn in an equity funding round to help fuel the trade finance marketplace’s growth. Finverity, which focuses on supply chain finance for mid-market companies in emerging markets, won backing from Jersey-based BY Venture Partners and existing Canadian investor Loyal VC. An emerging market family office and “a number of strategic angel ...