[About the author: Darren Wimhurst is an operations manager and writer. He was a student on the City, University of London Writing for Business short course in January-March 2019. Darren wrote this blog as part of a homework/in-class exercise on that course.]
Lord knows; I’m a sinner. But I can’t say I’ve been involved in anything deadly before.
Are world leaders directing the response? The UN sponsored the IPCC report but their remit extends to strongly worded recommendations. Responsibility lies with individual countries and after decades of negotiation on climate change there has been no slowing of the rising global carbon curve. To confirm: no change whatsoever.
So it’s down to us. Below, are the seven emissions we need to eliminate or significantly reduce.
[About the author: Satinder (Sid) Jandu is an industry expert/public speaker on risk. He was a student on the City, University of London Writing for Business short course in January-March 2019. Sid wrote this blog as part of a homework/in-class exercise on that course.]
The power struggle of regulators vs banks as god and man
Bang! The financial crisis of 2008 sent atomic shock waves across every corner of the world. Established pillars of finance which stood like Solomon’s temple, too big to fail, were rocked to the core. The relationship of god and man, regulator and bank, had changed forever.
The authority of god/regulator was reasserted through Basel III:
“…an internationally agreed set of measures developed by the Basel Committee on Banking Supervision in response to the financial crisis of 2007-09. The measures aim to strengthen the regulation, supervision and risk management of banks.” https://www.bis.org/bcbs/basel3.htm
After initially focusing on credit risk, the primary driver of the financial crisis, regulators turned to the final piece of the jigsaw, market risk. They set about conducting a Fundamental Review of the Trading Book, known as FRTB.