• EIB Group to activate series of projects to step up fight against climate change and nature degradation. • Initiatives to increase clean energy, forests and biodiversity worldwide to be announced at UN climate conference in Brazil. • Support for women entrepreneurs in Amazon region also planned. The European Investment Bank (EIB) Group will unveil a series of initiatives to accelerate the fight against global warming at the 30th United Nations climate conference (COP30) in Belém, Brazil running from today until 21 November....

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Overview: The prospect that the longest US government shutdown in history may end in the next few days has bolstered risk appetites, driven equities broadly higher and left the dollar non-plussed. The greenback is mixed against the G10 currencies. The Japanese yen, which appears have been dragged lower by the jump in US rates. The dollar-bloc currencies and Scandis are leading the move against the dollar. Among emerging market currencies, the Indian rupee, Turkish lira, Thai baht, and a few...

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In this week’s Roar: More on the U.S.-China trade deal, the latest Logistics Manager Index, the October PMI, shifting air freight markets, and thoughts on supply chain disruption. We noted last week that President Trump and President Xi reached a trade deal addressing several issues, and more details have been published. These include China lifting its export controls on rare earths and critical minerals, suspending tariffs on U.S. agricultural products, resuming soybean purchases, and stopping semiconductor investigations. Both sides agreed to delay the...

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AI policies are meaningful when they lead to specific obligations and control activities. Consider mapping policies and controls to your standards and regulations. Assessments surface gaps. Action closes them. After an AI governance assessment, many financial institutions see similar findings. Ownership is unclear. No single inventory exists. Validation practices vary by team. Third-party oversight is uneven. The path forward is to translate these findings into a simple operating model supported by the right technology. Start with the source of truth: The AI inventory Every...

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We’ve published our updated Net Zero Transition Plan (NZTP), setting out an evolved, commercially grounded approach to helping customers succeed as the world moves towards a net zero economy. Building on our inaugural NZTP published in January 2024, this updated plan reaffirms our ambition to become a net zero bank by 2050, while responding to a global landscape that has shifted markedly, making the pace of transition more uneven. It’s informed by a deeper understanding of customer transitions, the latest scientific...

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By Benjamin W. Perry and Justin T. Tarka, Ogletree Deakins The European Union’s Artificial Intelligence (AI) Act, effective from August 1, 2024, imposes a risk-based framework on AI systems used within the EU, affecting U.S. employers that use AI for HR functions involving EU candidates or employees. With significant penalties for noncompliance, the AI Act categorizes many workplace AI uses as “high risk,” requiring immediate adherence to specific obligations and full compliance by August 2027. Quick Hits • The EU AI Act took effect on...

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