What are green bonds and how can they save the world?

Authors: Beppe Degiorgio
Published on December 17, 2019
Practices: Capital Markets
As we increasingly face the catastrophic consequences of climate change, we must collectively take the bull by the horns and tackle the problem from every angle possible.  If we are to preserve our planet for future generations, every person must play his part, no matter how small or insignificant that part may be; the sum total of our concerted efforts is great and the cost of doing nothing at all is unquantifiable.  The various stakeholders in the financial markets are no exception, and it is reassuring to note that the markets have already started offering solutions. One solution (among the many which are slowly coming to the fore) is the move to sustainable finance, where investment decision-making is based on environmental and social considerations.

Mind your IBANS, says CJEU

Authors: James Debono
Published on December 5, 2019
Tags: ,
Practices: Banking Regulatory
At the end of March this year, the European Court of Justice (CJEU or the Court) explained the principles behind Articles 74 and 75 of Directive 2007/64 (Payment Services Directive or PSDI) which provisions relate to payment orders effected by means of a bank transfer following the input of the incorrect unique identifier (such as an international bank account number or IBAN) by the payer. PSDI defines a ‘unique identifier’ as a combination of letters, numbers or symbols specified to the payment service user by the payment service provider and to be provided by the payment service user to identify unambiguously the other payment service user and/or his payment account for a payment transaction.