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...“This is often driven not just by tax risk but by other factors such as regulatory restrictions, or the ‘norms’ in certain industries,” Swinburn said....
...But not everyone faces the same pressure to conform to ESG norms....
...Likewise, his analysis suggests that levels of credit in the emerging world are both declining and are around their historical norm, sitting comfortably below the levels that have presaged previous crises...
...These companies went to multi-generational highs, two to three standard deviations above historic norms. That was why we performed poorly for a while,” Mr Cormie adds....
...Vernon Baxter, editor of HealthInvestor, said: “The private sector is recalibrating itself to function in a world where austerity is the new norm....
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