Advance Credit And Project Finance- A Practical Case Study Approach Workshop

Whilst climate change is seen as one of the main sources of risk for global economies and societies, green bonds represent one instrument to finance the move towards a lower-carbon economy.

The Arts and Humanities Research Council (AHRC) has awarded a Research Grant worth just under £500,000 to Dr Adrian Bell of the ICMA Centre and Professor Anne Curry of the University of Southampton to challenge assumptions about the emergence of professional soldiery between 1369 and 1453.

The large fine imposed on RBS last week suggests that a ‘scandal’ took place in the banking world over the setting of LIBOR. Yes – there was probably systematic mis-pricing of LIBOR which enabled some traders and some banks to profit at the expense of others. But the LIBOR issue simply highlights a much wider problem in financial markets which is that many ‘prices’ quoted in markets are not market prices at all. Instead they are prices based on computer models, matrix pricing or sheer guesswork, which may or may not produce ‘accurate’ prices. The reason for using computers models and guesswork is that in many financial products there actually are no transactions at all or very few even over periods of some weeks or months and thus no market prices.