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UPDATE 1-LSE CEO expects Biden to have 'huge' impact on climate politics

Mon, 09th Nov 2020 11:11

* Biden set to take back into Paris climate accord

* Other climate-related policies expected to follow

* Barclays CEO Jes Staley says election "a significant move"
(Adds Barclays CEO comment, background, bullet points)

By Guy Faulconbridge and Simon Jessop

LONDON, Nov 9 (Reuters) - London Stock Exchange
Chief Executive David Schwimmer said on Monday that Joe Biden's
election win in the United States would have a major impact on
global climate politics.

Asked if a new president would change the United States'
contribution to the climate debate, Schwimmer said: "Short
answer is 'yes' - big change."

Biden has put climate change at the centre of his election
campaign and, as well as rejoining the Paris Agreement on
climate, has promised sweeping measures to make the country
carbon neutral by 2050.

"Huge impact in terms of having the U.S. joining the effort
to deal with climate change as opposed to being out there on its
own," Schwimmer told the Green Horizon Summit.

"The timing is actually pretty remarkable in terms of the
U.S. leaving the Paris Agreement a couple of days ago and then
President-elect Biden indicating that it will be one of his
first actions in office," he added.

Speaking on the same panel, Barclays CEO Jes Staley said he
echoed Schwimmer's comments.

"The election is a significant move. What COVID-19, in part,
is showing is we are on this boat together and getting a major
economy like the U.S. aligned once again with the Paris
accord... is quite a significant and a positive step."

Both were speaking at the start of a three-day summit in
London, designed to mobilise the financial sector in the run-up
to a U.N. climate change conference due to take place in Glasgow
in late 2021.
(Reporting by Guy Faulconbridge; Editing by Kate Holton and
Alexander Smith)

More News
31 Jul 2020 07:37

UPDATE 2-London Stock Exchange may sell Milan bourse to secure Refinitiv deal

* EU regulators reviewing LSE's $27 bln takeover of Refinitiv* LSE in exploratory talks about Italian arm* Could result in sale of part or all of Italian arm* LSE reports 8% rise in H1 profit (Adds detail from LSE earnings, Refinitiv no comment)LON...

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28 Jul 2020 11:50

UPDATE 1-EU penalties for financial trades failures face delay to 2022

(Adds more detail)By Huw JonesLONDON, July 28 (Reuters) - European Union rules that punish failures to settle bond trades could be delayed again until February 2022 because of the pandemic, the bloc's securities watchdog said on Tuesday.The so-cal...

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17 Jul 2020 11:43

EU regulators halt LSE, Refinitiv probe, await data

BRUSSELS, July 17 (Reuters) - EU antitrust regulators have temporarily suspended their investigation into the London Stock Exchange's $27 billion bid for data and analytics company Refinitiv while waiting for the companies to provide requested da...

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15 Jul 2020 12:24

Wednesday broker round-up

(Sharecast News) - Royal Dutch Shell: JP Morgan downgrades to neutral with a target price of 1,700.0p.

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10 Jul 2020 11:19

Carney calls for more climate action from world's stock exchanges

LONDON, July 10 (Reuters) - Mark Carney, the United Nations special envoy for climate and finance, has called on stock exchanges across the world to back a drive to improve the environmental data shared by companies.Carney, who until recently was ...

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9 Jul 2020 16:39

UPDATE 1-EU to grant temporary market access for UK derivatives clearers

(Adds more detail)LONDON, July 9 (Reuters) - The London Stock Exchange and other derivatives clearing houses in Britain will be granted temporary access to the European Union from January 2021, the bloc's executive European Commission said on Thur...

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9 Jul 2020 16:39

UPDATE 2-EU to grant temporary market access for UK derivatives clearers

(Adds more detail)By Huw JonesLONDON, July 9 (Reuters) - The London Stock Exchange and other derivatives clearing houses in Britain will be granted temporary access to the European Union from January 2021, the bloc's executive European Commission ...

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9 Jul 2020 15:53

EU to grant temporary market access for UK derivatives clearers

LONDON, July 9 (Reuters) - The London Stock Exchange and other derivatives clearing houses in Britain will be granted temporary access to investors in the European Union from January, the bloc's executive European Commission said on Thursday.Brit...

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8 Jul 2020 10:11

UPDATE 2-EU assessing divergence in London's financial market access

(Adds more detail)By Huw JonesLONDON, July 8 (Reuters) - Britain's future access to the European Union financial market must take into account how far it will diverge from the bloc's rules, a European Commission official said on Wednesday.After le...

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8 Jul 2020 10:11

UPDATE 1-EU says is assessing City's financial market access

(Adds London Stock Exchange)LONDON, July 8 (Reuters) - Assessments of Britain's future access to the European Union financial market are ongoing and take into account how far the United Kingdom will diverge from the bloc's rules, a European Commis...

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8 Jul 2020 09:36

EU says still assessing City's financial market access

LONDON, July 8 (Reuters) - Assessments of Britain's future access to the European Union financial market are "ongoing" and take into account how far the United Kingdom will diverge from the bloc's rules, a European Commission official said on Wed...

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6 Jul 2020 09:00

London Stock Exchange's FTSE Russell joins Libor replacement race

By Huw JonesLONDON, July 6 (Reuters) - London Stock Exchange index compiler FTSE Russell began publishing forward-looking interest rates on Monday, entering a four-way race for a new market opened up by the scrapping of Libor next year.Regulators ...

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6 Jul 2020 00:01

Banks urge Britain and EU to sort out financial market access

By Huw JonesLONDON, July 6 (Reuters) - Britain and the European Union need to make progress on EU financial market access given that the coronavirus crisis will make it even harder to cope with potential disruption if there is no agreement, bankin...

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2 Jul 2020 13:09

UPDATE 1-Singapore watchdog raises concerns about LSE's proposed Refinitiv acquisition

(Adds details from CCCS statement)SINGAPORE, July 2 (Reuters) - Singapore's competition authority said on Thursday it had raised concerns about the London Stock Exchange's proposed $27 billion acquisition of data and analytics company Refinitiv in...

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2 Jul 2020 11:09

Singapore watchdog raises concerns about LSE's proposed Refinitiv acquisition

SINGAPORE, July 2 (Reuters) - Singapore's competition authority said on Thursday it had raised concerns about the London Stock Exchange's proposed $27 billion acquisition of data and analytics company Refinitiv in an initial review.The Competition...

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