ESG & Investing
Before Collapse, Credit Suisse Quietly Conquered an Obscure Debt Market
The failure of the Swiss bank leaves a hole in the debt-for-nature market that analysts said could one day exceed $800 billion.
WATCH; UBS to Purchase Credit Suisse in Deal to End Crisis
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The collapse of Credit Suisse isn’t just worrying for the global financial system. It's a banking crisis that also has real consequences for the fight against environmental degradation.
Before its rescue by Swiss rival UBS, Credit Suisse had quietly become a major player in an obscure market that purports to help developing countries ease their debt burdens in exchange for protecting nature. Known as debt-for-nature swaps, the complex financial instruments help governments restructure their debt to raise money that can be used to fund conservation efforts.