As the first EU country to transpose the CSRD into national law, France will gradually replace the EFPD with sustainability reporting under the new directive.
The Corporate Sustainability Reporting Directive (the CSRD)...more
The European Green Bond Standard seeks to be the “gold standard” for green bonds and reinforce the EU’s position as the leading market for sustainable finance.
With the adoption of the EU green bond standard (the EU GBS),...more
The challenging funding environment will likely prompt small- and mid-cap listed life sciences companies to seek financing through private investments in public equity.
Small- and mid-cap life sciences companies typically...more
7/28/2023
/ Capital Raising ,
Convertible Notes ,
Corporate Financing ,
EU ,
Financing ,
Investors ,
Life Sciences ,
PIPEs ,
Private Investment Funds ,
Small and Medium-Sized Enterprises (SMEs) ,
Strategic Planning
Issuers should consider the ambitiousness of their sustainability targets, any challenges in achieving the targets on schedule, and how they will prove their progress.
The global market for sustainability-linked bonds ...more
The policy change integrates climate change considerations for the first time into the ECB’s quantitative easing and repo facilities.
On July 4, 2022, the European Central Bank (ECB) announced that it would integrate...more
7/14/2022
/ Banking Sector ,
Capital Markets ,
Climate Change ,
Corporate Bonds ,
Credit Facilities ,
Debt Securities ,
Disclosure Requirements ,
EU ,
European Central Bank ,
Financial Markets ,
Greenhouse Gas Emissions ,
Liquidity ,
SFDR ,
Sustainable Business Practices ,
Sustainable Finance
A relic of the dot-com era may prove useful in attracting investors seeking specific exposures that are ESG-aligned. Shareholders, regulators, and other stakeholders continue to drive the integration of environmental, social,...more
The EBA consultation paper calls for the implementation of a Green Asset Ratio to measure banks’ sustainability performance.
Regulators and sustainability-conscious investors increasingly expect banking institutions in...more
5/5/2021
/ Business Strategies ,
Climate Change ,
Consultation ,
Corporate Governance ,
Corporate Social Responsibility ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
EU ,
European Banking Authority (EBA) ,
Financial Institutions ,
Sustainability
A series of recent developments has driven a rapid increase in sustainability-linked loan and bond issuances in a variety of jurisdictions and industries.
Background: Sustainability-Linked vs. Activity-Based -
The...more
The bank-funding instrument is designed to unlock liquidity for SME loans.
Key Points -
..The impact of COVID-19 on European small and medium-sized enterprises (SMEs) is expected to be severe1 — further underscoring the...more
For the retail and consumer product sector, the high yield market will likely remain an attractive source of capital.
The retail and consumer products sector has been deeply impacted by the COVID-19 pandemic, both due to...more
A look at how privately held and publicly listed Italian companies controlled by families are innovating in corporate governance.
Key Points -
..Italy hosts a number of dynamic family-controlled companies (FCCs) that...more
A Q&A for Italian high yield issuers, focusing on capital markets implications and best practices.
Disclosure Requirements on COVID-19 Impact for High Yield Issuers -
Q: How should companies disclose the impact of the...more
Q&A for listed companies and high yield issuers navigating capital markets implications, with reference to the AMF’s recommendations and best practices.
Listed Companies’ General Meetings During Confinement -
Q: How...more
The new framework should simplify the path for issuers seeking to market European covered bonds to investors in the US.
Key Points:
..The new framework will create minimum product and technical standards for covered...more
4/23/2019
/ Banking Sector ,
Bond Issuers ,
Bonds ,
Covered Bonds ,
Credit Institutions ,
Cross-Border ,
EU ,
European Central Bank ,
International Harmonization ,
Investors ,
Member State ,
Mortgage-Backed Securities ,
Regulatory Standards ,
Special Purpose Vehicles ,
UK Brexit
La contrazione dei finanziamenti alle imprese italiane da parte delle banche ha posto da tempo l’esigenza di attrarre risorse, anche internazionali, sul mercato dei capitali. La liberalizzazione delle emissioni...more
2/24/2014
The Italian government has introduced a new decree, now converted into law, to encourage debt capital markets transactions by expanding favorable tax treatment.
As banks adapt to new capital requirements, bank finance...more