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Big financial institutions, feeling the pinch of a tougher investment banking climate and higher capital requirements, are taking note.
Cyprus's loosely regulated and tax-friendly banking climate has long made it a favorite destination for Russians seeking to place their rubles in a euro zone bank that does not ask too many questions.
In Italy's turgid banking climate, he wasted no time, bringing a clutch of five public-sector savings banks, including the large ones of Turin and Verona, under Credito Italiano's wing and changing its name.He then went on a buying spree abroad, chiefly in Eastern Europe.
Something has changed, and it's not just that Barack Obama has replaced George W. Bush or, in France's case, that the film industry is doing O.K. It's a widening realization, I think, that globalism, beyond banking, climate change and warfare, has always been a dubious concept, a misleading catchall for how the world supposedly works, to which culture, in its increasing complexity, gives the lie.
But in one fell swoop, it completely changed the international banking climate.
Spurrier did research on banking climate in the City of London in March 2008, and realised the economy was going down, but also wanted to exaggerate the numbers for the episode.
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The NGOs have labelled the banks "climate killers" because their financing efforts have helped to expand coal in the past decade.
Ben Caldecott, head of policy at the boutique investment bank Climate Change Capital, said: "Fracking will continue to generate significant local opposition, which will undermine long-term political support and the investment case for a UK shale gas expansion.
Caldecott, who has a background in private sector green banking at Climate Change Capital, was formerly an advisor to the UK Green Investment Bank commission.
He has not tied all his programs into a single narrative that shows the links between his health care, banking, economic, climate, energy, education and foreign policies.
The government may wish it had a "too difficult" box for issues including immigration, banking and climate change.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com