SERG Seminar with Dr Chris McHugh: Financing the Sustainable Development Goals: Private sector perspectives on ’bankability’

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Date: 24 Jan Time: 15:00 – 16:00 Location: Online

Chris is a Senior Advisor to the International Association of Credit Portfolio Managers and is affiliated to the University of Southampton as adjunct faculty. He was the founder and Director of the Centre for Sustainable Finance at The London Institute of Banking & Finance and a faculty member lecturing on derivatives, risk management and sustainability. He spent ten years as a visiting lecturer at the Judge Business School, Cambridge University and has tutored at Oxford University.

He has over 20 years experience in investment banking, with a focus on the risk management and structuring of derivative-based transactions. He has significant exposure to a wide range of asset classes: Foreign Exchange, Interest Rates, Energy Commodities, Emerging Markets, Credit Derivatives and ‘XVA’.

His principal research interests relate to development and sustainable finance and the interaction of public and private sector financial markets, in particular the mobilisation of private capital in support of the SDGs.

Title:      Financing the Sustainable Development Goals: Private sector perspectives on ’bankability’

Abstract:  Mobilisation of the private sector in support of Sustainable Development Goals (SDGs) relies on creating bankable projects in which the risk can be shared or transferred to private sector banks and investors through suitable financial instruments in an executable format. This paper brings a new perspective to the opportunities and constraints to mobilisation through interviews conducted with 22 senior, front-line investment bankers from 18 banks with a total asset base of $25.6 trillion.  Using a thematic analysis, the interviews demonstrate that (i) market structure and practices of MDBs are not always aligned with the private sector, and (ii) the technicalities of risk, reporting and taxonomies create mismatches between the goals of MDBs and private sector banks. These effects constrain the potential flow of bankable projects that can be financed, but also suggest avenues for future research to increase capital mobilisation.

For an invite to this seminar please Email Peter Bradley – peter.bradley@uwe.ac.uk

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