Bayer, the German multinational pharmaceutical and biotechnology company, has tapped Northern Trust to act as one of its providers for managing the Bayer Carbon Program, a voluntary carbon credits program. “Using The Northern Trust Carbon Ecosystem enables us to seamlessly transact verified credits, providing high-quality carbon offsets to companies, and thereby supporting our farmers’ regenerative… Read More >>
CFTC, IOSCO & Nasdaq Push Voluntary Carbon Trading Advances
The voluntary carbon credit (VCC) trading markets are still in their early days and face many operational challenges such as a reliance on too many manual steps, data collection difficulties, a high rate of bilateral transactions, and disparate technology choices when it comes to the trading and settlement of VCCs. However, over the past week,… Read More >>
Options Plans to Hire 200 Over 3 Years & Other News
200 New Jobs Are Coming to Belfast Options Technology, a provider of cloud-enabled managed services, plans to “create 200 new jobs in Belfast over the next three years” as it expands its operations, officials say. The company is headquartered in Belfast City Centre’s Linen Loft building. The company added “100 new team members” over the… Read More >>
Carbon Markets Fraud Is On the CFTC’s Radar
Fraud in the burgeoning carbon credit markets is on the radar of the CFTC’s Whistleblower Office in the Division of Enforcement, which recently issued an alert asking the public to report potential Commodity Exchange Act (CEA) violations in this marketplace. The regulator notes that voluntary carbon markets “can support the transition to a low-carbon economy… Read More >>
CFTC Hopes Carbon Offsets Forum Will Spur Innovation
Rostin Behnam, the chair of the Commodity Futures Trading Commission (CFTC), is hoping to jumpstart industry interest in carbon offsets via the regulator’s first-ever Voluntary Carbon Convening, slated for June 2 via the CFTC’s headquarters in Washington, D.C. “As climate change is a collective action problem, I believe a joint effort between the CFTC and… Read More >>
Liquidnet Targets Corporate Bonds & Other Briefs
Liquidnet Offers a Direct Link to Syndicate Banks Agency broker Liquidnet is focusing on the issuance process for corporate bonds via a new feature that aims to bring straight through processing to the front-to-middle office workflow. The new function of the Liquidnet Primary Markets service helps investors communicate directly with syndicate banks via their… Read More >>
CBA Invests $15M in Xpansiv’s Carbon Market Plans
Carbon-trading markets and exchanges were the rage in 2008 particularly during the heated U.S. presidential campaign when even right-of-center candidates were embracing the concept. However, the Great Recession, right-wing and left-wing extremists, and strident groups of all kinds stopped any positive movement on the carbon-trading front. No realistic alternatives to carbon-trading venues and systems took… Read More >>
Northern Trust Bolsters Recs Visualization Tool
Northern Trust Enhances Recs Dashboard Custodian bank Northern Trust has updated its Rec Dashboard workflow tool so that it helps clients with collaboration and scalability for real-time transparency into the reconciliations process, officials say. The Rec Dashboard offers views of “breaks and reconciliations in trade activity between asset managers and other institutions,” officials say. “Rec… Read More >>
One Cheese Pie, Hold the Climate Change?
Soon, FTF News readers and other hungry gourmets will be able to order their pizza with less climate change. That’s because New York’s own pension fund, the New York State Common Retirement Fund, has reached agreements with five portfolio companies, including Domino’s Pizza Inc., to “set targets to reduce their greenhouse gas emissions (GHG), adopt… Read More >>
Top Financial Services Groups Take On Climate Change
“Climate change presents both risks and opportunities for the financial services industry.” So says “Financing a U.S. Transition to a Sustainable Low-Carbon Economy,” a new report from the U.S. Climate Working Group. The Climate Working Group consists of financial services trade associations, including the American Bankers Association (ABA), the Financial Services Forum, the Bank Policy… Read More >>
