People & Markets

  • Generali markets first green cat bond

    Generali markets first green cat bond

    Generali is marketing the first green catastrophe bond, a €200m deal called Lion Re III laying off European windstorm and Italian earthquake risk. The structure takes its cue from the growing ESG risk transfer market for banks, which enhances the green impact of a given deal by recycling not just the funding received but the capital saved into green assets.

  • UK consults on national security veto for listings

    UK consults on national security veto for listings

    The UK government is consulting with market participants about new powers enabling it to block companies from listing their shares in the country on national security grounds. The move comes after concerns were raised about the 2017 listing of energy and metals company EN+.

  • JP Morgan lures Elfring out of retirement

    JP Morgan lures Elfring out of retirement

    The former co-head of Bank of America Merrill Lynch's EMEA corporate and investment bank, Bob Elfring, has returned to banking in a vice-chair role at JP Morgan after retiring in 2018.

  • China’s first public Reits see strong turnout

    China’s first public Reits see strong turnout

    Institutional and retail investors were in hot pursuit of China’s first nine infrastructure real estate investment trust (Reits) this week, as Beijing begins to develop the trillion-renminbi market.

  • 'Climate litigation risk' hits as court orders Shell to slash emissions

    'Climate litigation risk' hits as court orders Shell to slash emissions

    A Dutch court has ruled that Royal Dutch Shell is partly responsible for climate change and must reduce its global carbon emissions — including those caused when customers burn its products — by 45% from 2019 levels by 2030. If the ruling is sustained on appeal it would cause a seismic shift in the balance of power on climate change, with huge implications for financial markets.

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