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EU Emissions Trading System – What have we learned after nine months of operation?
European shipping and ships calling at EU ports became subject to the EU ETS in January 2024.
Global | Publication | November 2018
In general, financial intermediation benefits from strengthening recovery and resolution frameworks. An adequate recovery and resolution framework facilitates private sector lending by reducing uncertainty and creating a more equal playing field among banks. In Africa, strengthening the framework will in particular have beneficial effects on funding costs through supporting banks’ access to international debt markets, credit ratings and correspondent banking relations.
The FSB’s Key Attributes of Effective Resolution Regimes are aimed at facilitating orderly resolution and maintaining the continuity of failed banks’ vital economic functions without exposing taxpayers to losses flowing from bank failure, and have become international standards. A recent study undertaken by Norton Rose Fulbright benchmarks recovery and resolution laws in Africa against the Key Attributes to identify gaps. The Key Attributes relate to, e.g. the scope of laws, the resolution authority, resolution powers, aspects of cross-border cooperation, recovery and resolution planning and access to information. The study covers 17 countries throughout the continent.
For a more detailed look at the findings of our study, please register for our online, interactive guide provides a practical overview of the requirements across Africa, including a comparison builder, an overview of the key themes, and regional insights. The guide is hosted on our client knowledge portal, "The Institute". By registering for The Institute, you will also have access to our cross-border guides and other premium content.
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European shipping and ships calling at EU ports became subject to the EU ETS in January 2024.
Publication
In this horizon scan, we focus on key developments affecting companies operating in the UK, including in light of the recent change in UK government.
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As you begin planning for the upcoming financial year, it is likely that legal operations projects are on your radar. However, securing the necessary budget can be challenging. Our roundtable on October 1, ‘Preparing for FY2025 - Building a compelling business case’, will help you create compelling business cases for your legal initiatives.
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