Hints and tips:
Related Special Reports
...The Basel Committee, known as the world’s most powerful financial regulator, includes regulators from 28 large economies and sets global policies, including on how much capital banks must hold....
...Those who held a “puritanical view” against carbon credits should come up with alternative ways to raise the trillions of dollars in financing needed to help the Global South adapt to climate change, he...
...According to the IMF, 19 per cent of global banking assets are now held in banks that do not meet its capital ratio guidelines, many of them in China....
...Tiger Global has raised $2.2bn for its latest venture capital fund, roughly a third of the $6bn target it touted to investors when it first announced the fund in 2022....
...It passed those savings, via the banking system and the capital markets, to governments to fund budget deficits and to the corporate sector to finance working capital and investment. Not so today....
...Georgieva should make similar calls for PRGT ahead of its funding next year, as these are the funds with the most latitude to help low-income countries....
...The fund’s pessimism is built around a view that years of low interest rates following the 2008 global financial crisis led to a misallocation of capital that kept inefficient zombie companies in business...
...“It’s never popular to raise something for technology in Africa but it’s becoming more acceptable for global capital,” Maurizio Caio, TLcom’s managing partner, told the Financial Times....
...hybrid capital instrument....
...First, it has been propped up by large capital investment from the EU’s €800bn recovery fund....
...Jørgensen said his view was the new target needed to take in public, private and concessional money....
...Fund flows into global sustainable funds turned negative in the fourth quarter of 2023 for the first time ever, according to data provider Morningstar....
...While combating global warming is a priority at Banga’s World Bank, there have been other motivations at work in stimulating private capital....
...European investor allocations to environmental, social and governance exchange traded funds slowed down in the first quarter of 2024 as the sector endures an “existential crisis”, Morningstar research shows...
...“My fear is that in the UK the improvers label is not going to be used by many funds because it’s very difficult to do,” said Hortense Bioy, global director of sustainability research at Morningstar....
...His views are significant as the oil fund is one of the largest single investors in the world, owning on average 1.5 per cent of every listed company globally and 2.5 per cent of every European equity....
...Some big mutual fund managers have already started reclassifying funds to free them from position limits....
...Ghana defaulted on its debt in December 2022 after an economic crisis triggered by rising global interest rates, soaring inflation in the wake of the pandemic and government overspending....
...Now, the EU is trying desperately to bridge the gap with a new capital markets union....
...During his speech at the bank’s AGM, UBS chief executive Sergio Ermotti said he agreed with Kelleher’s view on capital needs and said it was a “source of great concern” that the bank was perceived to enjoy...
...“But it leads to a misallocation of capital if you favour one company over others.”...
...The fund will publish an updated set of projections for the global economy next week, which Georgieva said would show more growth than anticipated in its previous World Economic Outlook in January....
...It also means concerns throughout this rate-raising cycle — such as unrealised losses on balance sheets, high real estate debt and hidden leverage in private capital markets — have not gone away....
International Edition