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Bank lending and environmental liability

Lee, Robert and Egede, Tamara 2005. Bank lending and environmental liability. [Working Paper]. Working Paper Series, vol. 30. Cardiff: Centre for Business Relationships, Accountability, Sustainability & Society.

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Abstract

This paper reviews the increasing attention given by banks to environmental considerations in the course of bank lending. Proceeding from an examination of legal liabilities, the paper concludes that prospects of liability falling on the bank, while not impossible, are remote, assuming that the bank acts responsibly. On the other hand, indirect impacts of liability rules - such as the impact of laws on a client's ability to repay a loan - are increasingly pervasive. This is true to the point that prudent lending policy must take account of environmental considerations.

Item Type: Monograph (Working Paper)
Date Type: Publication
Status: Published
Schools: Centre for Business Relationships, Accountability, Sustainability and Society (BRASS)
Law
Subjects: K Law > K Law (General)
Publisher: Centre for Business Relationships, Accountability, Sustainability & Society
ISBN: 1904393659
Related URLs:
Last Modified: 13 Oct 2016 03:35
URI: http://orca-mwe.cf.ac.uk/id/eprint/67761

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