Banks and exchanges are presented with an opportunity sooner than they expected. How should they react?
Amid unprecedented market turmoil, many banks are now rightly focused on shoring up their short-term performance and even, in some cases, ensuring their survival. With so many open questions—How deeply will the global recession bite? How aggressively will regulators react to the crisis? How quickly can balance sheets be rebuilt?—long-term strategy has received little or no attention. And yet, almost unnoticed, one topic has advanced from distant issue to discernible opportunity: the transition to the low-carbon economy.
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