Most banks in developed markets are trading at a steep discount to reported book values. Taking the UK market as an example, current market valuations for the listed banks are just c.40% of book valuations, a historical low. Irish banks …….
Last year we saw a dramatic increase in concern over climate change. Despite all this attention, however, climate change has only had a significant impact on the valuations of a small number of companies
As things stand, Germany is the only G5 state to still have a AAA credit rating across all the major agencies, a standing it shares with Switzerland and a very few other states, none of which play a significant role in global bond markets.
In recent years, investors – both institutional and retail – have increasingly been asking for more sustainably managed investment solutions, as they seek to see their values reflected in their portfolios
It’s only a few short years ago when the Global Financial Crisis of 2008 resulted in Irish public sector debt rising to a massive 120% of GDP, a level viewed as unsustainable by many commentators at the time.