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Top related persons:
EBF - 1 Douglas Gayeton - 1 Doug Heske - 1 there's - 1 McKesson - 1 Newday - 1 paperless invoicing - 1 Heske - 1
Top related locs:
San Francisco BRUSSELS European Union EU Europe
Top related orgs:
Newday - 1 . Healthcare - 1 Equity - 1 McKesson Foundation - 1 Parkland Health - 1 RedBird Health - 1 Energy - 1 Environmental - 1

Search resuls for: "EBF"


4 mentions found


☆ A ‘digital handshake’ for the planet: How one asset management firm adopted a new framework for ESG
  + stars: | 2023-12-19 | by ( Hakyung Kim | ) www.cnbc.com   time to read: +8 min
Now, San Francisco-based asset manager Newday Impact Investing believes that using what it calls an Ecological Benefits Framework (EBF), or "a shared market architecture," could provide a new way forward in social investing. "One of the challenges has been that there are a whole bunch of different [ESG] frameworks. But they're all super complicated oftentimes even from organization [to] organization, as impact interpretations are very, very different," said Doug Heske, CEO of Newday Impact. By 2027, the goal is to have 70% of McKesson suppliers (measured by spending), have their own SBTi-approved GHG emissions reduction targets. By 2027, the goal is to have 70% of McKesson suppliers (measured by spending), have their own SBTi-approved GHG emissions reduction targets.
Persons: EBF, Douglas Gayeton, Doug Heske, there's, McKesson, Newday, paperless invoicing, Heske Organizations: Newday, . Healthcare, Equity, McKesson Foundation, Parkland Health, RedBird Health, Energy, Environmental Locations: San Francisco
☆ EU mulls wider scope for cybersecurity certification scheme - paper
  + stars: | 2023-11-23 | by ( Foo Yun Chee | Thomson Reuters | An Agenda-Setting | ) www.reuters.com   time to read: +2 min
The latest proposal from EU cybersecurity agency ENISA concerns an EU certification scheme (EUCS) which vouches for the cybersecurity of cloud services and determines how governments and companies in the bloc select a vendor for their business. The document retains key provisions contained in earlier drafts such as a requirement that U.S. tech giants set up a joint venture with an EU-based company to qualify for the EU cybersecurity label. Another provision states that cloud service must be operated and maintained from the EU, while all cloud service customer data must be stored and processed in the EU, with EU laws taking precedence over non-EU laws regarding the cloud service provider. The latest draft sets out the possibility for these tough requirements to be extended to the third highest security level. EU countries are now reviewing the latest draft after which the European Commission will adopt a final scheme.
Persons: OpenAI's, CCIA, ENISA, Alexandre Roure, Foo Yun Chee, Jonathan Oatis Organizations: European, Google, Microsoft, Big Tech, EU, Tech, European Banking Federation, European Savings Banks Group, Association for Financial Markets, Federation, Insurance, Thomson Locations: BRUSSELS, European Union, EU, Europe
☆ ECB rejects banking sector call for lower capital to boost lending
  + stars: | 2023-01-27 | by ( Huw Jones | ) www.reuters.com   time to read: +3 min
REUTERS/Pascal RossignolLONDON, Jan 27 (Reuters) - The European Central Bank (ECB) on Friday rejected calls from Europe's banks to ease capital rules to boost lending and put them on an equal footing with U.S. rivals. "Policymakers should redouble their efforts to complete the banking and capital markets unions," the report said, referring to EU projects to deepen its capital market and create a more competitive cross-border banking market. "The largest global European banks have even slightly lower requirements than their counterparts across the Atlantic," an ECB spokesperson said. "It is also questionable that lower capital requirements would lead to higher lending: what is proven is that low levels of capital lead banks to abruptly reduce lending in a crisis, thus deepening the adverse impact on the economy," the ECB said. The EU is finalising the remaining leg of global bank capital rules that were written in response to the financial crisis, with temporary waivers from some elements in the teeth of ECB opposition.
☆ Ease capital rules on EU banks to boost lending, banking industry says
  + stars: | 2023-01-27 | by ( Huw Jones | ) www.reuters.com   time to read: +2 min
Banking regulation is internationally coordinated by regulators, but differences remain in how the rules work in practice, and how they are implemented, the report said. EBF Graphic 2The report said the difference in regulatory-induced costs at EU banks compared with their U.S. peers can explain 0.8-1.0 percentage points of a gap in return on equity, which is a measure of profitability. "Policymakers should redouble their efforts to complete the banking and capital markets unions," the report said, referring to EU projects to deepen its capital market and create a more competitive cross-border banking market. Banks now hold more capital after being bailed out by taxpayers in the 2008 financial crisis. The EU is finalising the remaining leg of global bank capital rules that were written in response to the financial crisis, with temporary waivers from some elements.
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