Environmental Risks Affecting the Financial Sector

Marsh USA

Login for access to all tools, resources and content.

Published: 01-Dec- 2010 | Product Category: Environmental | Comments: 0

| Share

Financial Institutions (FI) have always faced environmental risk exposures as a result of liability imposed upon them under the Comprehensive Environmental Response,Compensation, and Liability Act of 1980 (CERCLA, also known as Superfund) for cleanup and reimbursement costs associated with the release of hazardous substances. In spite of various defenses under CERCLA’s “safe harbor” provision for lenders, an FIs’ activities associated with bankruptcies, workouts or divestment of assets may not shield them from liability.

Environmental Risks Affecting the Financial Sector

Comments

There are currently no comments, be the first to post one.

Rate this Article

Was this article helpful? Rate it! Five = highest; one = lowest.
12345

Leave a Comment

Name (required) Name Is Required

Email (required) Email Is Required Invalid Email Address

Website

Comment Is Required