The financial services sector is absolutely critical for enabling us to reach the targets set by the Paris Agreement. The simple truth is that money talks, and when FIs cease to fund or insure polluting businesses, major changes can be achieved. There’s widespread adoption and acceptance of TCFD recommendations among FIs and therefore it’s critical that the recommendations are regularly updated to reflect the dire climate situation we’re facing and the latest science. The upcoming guidance is a great leap forward, both in terms of clarity and ambition level, but fact of the matter is that they could’ve been even more ambitious.
Read MoreWhere Are the Customers’ Yachts?
Warren Buffet reminded us of this story when he delivered an epic rant against Wall Street last weekend during the annual meeting of Berkshire Hathaway. Buffett unloaded what he called a “sermon" about hedge funds and investment consultants. Shortly put, Buffet thinks these players are usually a "huge minus" for anyone who follows their advice.
Read MoreInglorious Bankers
The Panama Papers have caused quite an uproar and many questions have been raised about Nordea Bank’s role as an intermediary between wealthy clients and Mossack Fonseca.
Read MoreBig Banks will always have Rogue Traders
London Whale. LIBOR Rigging. FX Scandal. Gold Manipulation. It looks like we'll never get rid of rogue trading completely in big banks. That’s a huge problem.
Read More