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Swiss initiative targets banks to end fossil fuel financing

A new non-partisan initiative aims to enshrine an ecological and sustainable orientation for the Swiss financial center in the constitution, targeting major banks like UBS for their fossil fuel investments. The initiative proposes restrictions on financing new fossil energy projects and calls for a supervisory authority, dubbed "eco-finma," to ensure compliance and prevent greenwashing. With the recent collapse of Credit Suisse, proponents see this as an opportune moment for reform in banking regulation.
Tippinpoint.ch
United States Dollar Credit Suisse Real Estate Fund Siat CHE Gerhard Andrey Raphaël Comte Mattea Meyer Stefan Müller-Altermatt Beat Schmid Thomas Vellacott Konrad Langhart Show more
Regulatory & Legal, News Article
06:19 25.11.2024

Swiss initiative aims to green financial sector and curb fossil fuel investments

A new non-partisan initiative aims to enshrine an ecological and sustainable orientation for the Swiss financial center in the constitution, targeting banks like UBS for their fossil fuel investments. The initiative proposes restrictions on financing new fossil energy projects and calls for a supervisory authority, "eco-finma," to ensure compliance and prevent greenwashing. With the recent collapse of Credit Suisse, proponents see this as an opportune moment for reform in banking regulation.
Tippinpoint.ch
United States Dollar UBS Credit Suisse CHE Mattea Meyer Konrad Langhart Beat Schmid Thomas Vellacott Raphaël Comte Gerhard Andrey Stefan Müller-Altermatt Show more
TradFi, News Article
09:00 23.11.2024
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