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Politics : How Quickly Can Obama Totally Destroy the US? -- Ignore unavailable to you. Want to Upgrade?

To: MJ who wrote (12352)	11/20/2014 7:43:00 AM
From: joseffy	Read Replies (1) \| Respond to of 16547

What a disgusting quagmire. Socialism in the worldwide banking industry. The Equator Principles (EPs) is a risk management framework, adopted by financial institutions, for determining, assessing and managing environmental and social risk in projects and is primarily intended to provide a minimum standard for due diligence to support responsible risk decision-making.

To: MJ who wrote (12352)	11/20/2014 8:40:52 AM
From: joseffy	Respond to of 16547

There are 15 members of the Equator Princiles Association Steering Committee: Barclays plc Banco Bilbao Vizcaya Argentaria, S.A. BNP Paribas Credit Suisse Citigroup Export Development Canada ING Itau Unibanco S/A J.P. Morgan Chase and Co. Mizuho Bank, Ltd (Steering Committee Chair) Standard Bank Group Standard Chartered Bank Bank of Tokyo-Mitsubishi UFJ (BTMU) The Royal Bank of Scotland UniCredit Bank AG The role of the Chair of the EP Association Steering Committee (currently Mizuho Bank, Ltd) is to provide co-ordination across the Steering Committee, the Working Groups and the member institutions. The EP Association Governance Rules detail the scope of the roles of the EP Association Steering Committee and Chair and how representatives are nominated and appointed.

To: MJ who wrote (12352)	11/20/2014 8:42:29 AM
From: joseffy	Respond to of 16547

About the Equator Principles The Equator Principles (EPs) is a risk management framework, adopted by financial institutions, for determining, assessing and managing environmental and social risk in projects and is primarily intended to provide a minimum standard for due diligence to support responsible risk decision-making. The EP apply globally, to all industry sectors and to four financial products 1) Project Finance Advisory Services 2) Project Finance 3) Project-Related Corporate Loans and 4) Bridge Loans. The relevant thresholds and criteria for application is described in detail in the Scope section of the EP. Currently 80 Equator Principles Financial Institutions (EPFIs) in 34 countries have officially adopted the EPs, covering over 70 percent of international Project Finance debt in emerging markets. EPFIs commit to implementing the EP in their internal environmental and social policies, procedures and standards for financing projects and will not provide Project Finance or Project-Related Corporate Loans to projects where the client will not, or is unable to, comply with the EP. While the EP are not intended to be applied retroactively, EPFIs apply them to the expansion or upgrade of an existing project where changes in scale or scope may create significant environmental and social risks and impacts, or significantly change the nature or degree of an existing impact. The EPs have greatly increased the attention and focus on social/community standards and responsibility, including robust standards for indigenous peoples, labour standards, and consultation with locally affected communities within the Project Finance market. They have also promoted convergence around common environmental and social standards. Multilateral development banks, including the European Bank for Reconstruction & Development , and export credit agencies through the OECD Common Approaches are increasingly drawing on the same standards as the EPs. The EPs have also helped spur the development of other responsible environmental and social management practices in the financial sector and banking industry (for example, Carbon Principles in the US, Climate Principles worldwide) and have provided a platform for engagement with a broad range of interested stakeholders, including non-governmental organisations (NGOs), clients and industry bodies. Downloads: Related Content: The Equator Principles The Equator Principles Association - Governance & Management The Equator Principles Working Groups The Equator Principles Secretariat About Adoption Members & Reporting