Our contribution to Freshfields Bruckhaus Deringer Equator Principles Report

Myself and colleagues were invited to provide key inputs to the Freshfields Bruckhaus Deringer report, based on our experience in the practical application of the Equator Principles, understanding and development of current best practice and awareness of the constraints in their application.

The report provides a comprehensive review of the Equator Principles, setting out the arguments for and against their adoption in a clear and robust manner. It also tackles key issues in the application and the achievement of compliance:

Such as:

  • Interpretation and application of the guidelines;
  • Adequate consideration of the social dimension and appropriate consultation and engagement;
  • Achieving continuous compliance and the need for monitoring; and
  • Taking on board Equator Principle considerations at the correct stage in the project process.

“Banking on Responsibility” sets out the findings of a survey conducted by Freshfields Bruckhaus Deringer and lists a number of recommendations about how the implementation of the Equator Principles could be improved in the future.

It also addresses a number of key issues such as the reasons for and against adopting the Equator Principles. In “Banking on Responsibility”, the Equator Principles are described as a “shining beacon for responsible banking”. The report has been well received.

The Full text of “Banking on Responsibility” is available at http://www.freshfields.com/publications/pdfs/practices/12057.pdf

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