The French have made the ‘banking dream’ come true with BNP-AXA deal
French banks are making significant strides that could reshape the European asset management landscape. The acquisition of AXA Investment Managers by BNP Paribas heralds a new era under Basel III regulations, according to Mediobanca Andrea Filtri. “The once-forbidden dream is now reality, opening new horizons for mergers and acquisitions,” he said.
Investment sector starts to address biodiversity loss
Asset managers are increasingly turning their attention to addressing biodiversity loss, but moving beyond just exclusion and actively making investments that improve the landscape will be an uphill battle.
It has been a year since a damning report from ShareAction claimed that asset managers are blind to biodiversity loss, which pointed out that none of 75 of the world’s largest asset managers had a dedicated policy on the matter.