The government have published the Finance (Miscellaneous Provisions) Bill 2020 (the “Bill”) which in the context of the Covid-19 pandemic grants discretion to credit unions to convene wholly or partially their AGMs this year virtually, via zoom or other electronic means, for a limited period of time between 30 January to April 2021 (the “Interim […]

The European Commission Climate Action Plan’s objectives are to reorient capital flows towards sustainable investment, manage financial risks stemming from climate change, resource depletion and foster transparency and long termism in financial and economic activity. The EU Green Deal seeks to support the reorientation of capital through the publication of the EU Taxonomy, the Sustainable […]

On December 9th and 10th, Deloitte and CISI will host their sixth annual Islamic Finance Forum on ‘Climate Change – Creating the better normal’. This year’s online forum will explore a number of themes addressing governance practices, environmental, social and corporate governance, and Principles of Responsible Investment in the context of climate change and green […]

The last of our 4 part Philip Lee Green Finance Series looks at the integration of the EU Green Deal measures. In Part 3 we touched on the importance of preventing greenwashing to ensure investor trust and the implications the measures have for the banking sector in particular. The Taxonomy and disclosure framework under the […]

In the earlier parts in this Philip Lee Green Finance Series for Climate Finance Week Ireland 2020 we considered the EU Green Deal (Note 1) and the EU Taxonomy, Putting the Green in Green Finance (Note 2). In Part 3 of the Series, we look at Green Bonds and Green Loans as a means to […]

In Part 1 of the Philip Lee Green Finance Series we looked at the background to climate change crisis, the EU Green Deal, and its component parts. In Part 2 we look at the EU Green Taxonomy (the “Taxonomy”) and forthcoming disclosure and reporting requirements for companies and institutions. The Taxonomy entered into force on […]

Climate Finance Week Ireland 2020 this year takes place against the backdrop of the COVID-19 pandemic. Like a lot of events this year it has moved to a virtual platform but its context has never been so relevant. In the first part of our Philip Lee Green Finance Series we look at the architecture of […]

We have previously looked at the Central Bank of Ireland’s (CBI) report on “Behaviours and Culture of the Irish Retail Banks” and the proposals for a Senior Executive Accountability Regime (SEAR). These proposals are currently with the Department of Finance where the legislation underpinning SEAR is being drafted and considered. In the meantime, the ECB […]

Across the EU a range of broadly applied legislative and non-legislative payment moratoria were made available to borrowers to address the extraordinary effects of the COVID-19 pandemic, amongst other support measures. The European Banking Authority (EBA) has been monitoring the range of actions and notifications made to it by banks in order to support customers […]