Briefs: Levy cost meme lands, Climate initiative rocks S&P
One theme in industry messaging on the consequences of the planned liability levy on banks is reproduced as a strongly held view in a regular opinion poll by Essential Media. Asked "what do you think is most likely to happen as a result of the bank levy?" 78 per cent of 1800 respondents agreed that "banks will pass on the cost of the levy to customers through higher fees, charges and interest rates." The NYSE listed S&P Global has expanded its "strategic relationship" with the Climate Bonds Initiative by joining the Climate Bonds Partner Program. All of the company's divisions, including S&P Global Ratings, S&P Global Market Intelligence and S&P Global Platts, are now represented in the program. The Climate Bonds Initiative is an investor focused not-for-profit business, promoting large-scale investment in the low-carbon economy. Partners include banks, bond issuers, developers, NGOs and institutional investors.