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first_imgSurvey finds private equity investors looking to boost renewable holdings, cut oil and gas ties FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):Roughly 40% of private equity investors say they will be reducing investments in the oil and gas sector in the next five years because of climate change concerns, according to a winter outlook survey conducted by secondary market investment firm Coller Capital Ltd.“Limited partners who do expect change to their investment strategies are broadly planning to replace oil and gas exposure with investment in renewable energy and climate-friendly products and services,” Coller said in the survey’s Nov. 28 release.While 57% of the 113 limited partner investors surveyed in Europe and Asia said they were changing energy strategies in reaction to climate change, only 30% of North American limited partners said the same, according to the survey. Just 16% of those in North America expect to need to make these modifications within the next five years, the survey found. More than one-third of those surveyed said they would be reducing investment in oil and gas, 42% said they would put more money behind climate-friendly goods and services, and 40% said more investment cash would go to renewable energy, according to the survey. [Bill Holland]More ($): Concerned over climate, PE investors looking to leave oil, gas for renewableslast_img read more

first_img continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The NCUA has made no bones about how important consumer financial protection regs will be to its examiners this year. In fact, the agency is requiring its exam team to review six specific consumer financial protection rules at all examinations when applicable to the credit union. Those six rules – and a few predictions from our team – are below.Regulation E: Whereas last year’s Reg E exams focused on overdraft, this year the focus turns to EFT policies and procedures, as well as the credit union’s compliance with error resolution and initial account disclosure rules.  Like most disclosures, you must look at the timing and content within the disclosures.  This is something you could grab a quick sample of and audit prior to any examination.FCRA: Examiners will want credit unions to demonstrate accuracy in their reporting to the credit bureaus. Here again, they are concerned with timing, especially as it relates to the date of first delinquency. Therefore, credit unions should double check that this is covered in policies, procedures and controls. Those documents should also be as detailed as possible when it comes to how the credit union handles member disputes related to credit reports.last_img read more

first_imgBetter Future Foundation (BFF) is pleased about the exoneration of five Korean businessmen arrested in Monrovia in July, for alleged money laundering, counterfeiting, and conspiracy to defraud charges levied against them by some agents of the National Security Agency (NSA.)The Korean nationals, Jung Dal Park, Chae Dal Byoung, Chol Jung Woo, Cha Kwang Woon and Aleck Gold, who were arrested by NSA agents, have been discharged of the allegations according to the report of a Special Independent Investigation Committee (SIIC) constituted by President Ellen Johnson-Sirleaf.The BFF says the constitution of the SIIC by Pres. Sirleaf and its subsequent report was vital to “restoring and reassuring investors’ protection, trust and confidence in the Liberia‘s justice system.”In a release issued in Monrovia over the weekend, BFF also expressed satisfaction with the recommendation of the SIIC that the Liberian Government refund the full amount seized from the Korean businessmen by the NSA operatives.BFF, a nonprofit and civil society organization, has been involved with mediation efforts aimed at amicably resolving the matter concerning the seizure of US$284, 000 from the five Korean businessmen allegedly by the NSA.The SIIC, chaired by the Dean of the Louis Arthur Grimes School of Law of the University of Liberia (UL), Cllr. David A.B. Jallah, was appointed by President Sirleaf with the mandate to investigate the accusations against the five Korean nationals, a Lebanese and the National Security Agency (NSA).As a part of its report, the SIIC recommended to President Johnson-Sirleaf that appropriate administrative actions be taken against five NSA operatives and two of their co-conspirators who do not work for the NSA but were directly involved with the arrest of the Korean nationals.The Committee further recommended that the five agents be forwarded to the Ministry of Justice (MOJ), “for prosecution in order to clear the name and image of the NSA.”BFF, in its release, commended President Sirleaf for sending the Committee’s report to the Ministry of Justice for speedy implementation.According to the statement, BFF president Augustine Arkoi had said repeatedly that prompt mitigation of the matter by the Government of Liberia “would further contribute to enhancing the people-to-people diplomacy and social entrepreneurial relations involving Liberian and Korean nationals, retaining investors’ confidence and assuring the predictability of doing business in Liberia.”Arkoi further stated that non-judicial resolution of the matter would also go a long way to bolstering not only the goodwill of Korean nationals but also other international investors, who are looking for opportunities to do business in various spheres of the Liberian economy.BFF, in its communication reiterated that without fast-tracking the recovery of the amount and other personal belongings taken from the Korean businessmen by the NSA agents, the image of Liberia risked being further tainted.For nearly two decades, BFF has been in the vanguard promoting Liberia and Korea relations in the areas of education, capacity building, international volunteerism, as well as promotion of socioeconomic, cultural understanding and cooperation, the press release stated.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more