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Banking Essentials - Part I
This pathway will walk us through the basics of banks, starting with some of the different types and their main functions, then starting to look at the regulation faced by the banks, both before and after the Global Financial Crisis.
Greenwashing
Greenwashing is the act of distributing false information about something being more environmentally friendly than it actually is.
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Tackling the Cost of Living Crisis
In this video, Max discusses the cost-of-living crisis currently enveloping the UK. He examines its impact on households as well as the overall economy.
CSR and Sustainability in Financial Services
In the first video of this two-part video series, Elisa introduces us to sustainability. She begins by looking at the difference between sustainability and corporate social responsibility, two terms that can be easily confused.
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Categories
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Featured Pathways
More pathways
Banking Essentials - Part I
This pathway will walk us through the basics of banks, starting with some of the different types and their main functions, then starting to look at the regulation faced by the banks, both before and after the Global Financial Crisis.
Greenwashing
Greenwashing is the act of distributing false information about something being more environmentally friendly than it actually is.
More pathways
Ready to get started?
Plans & Membership
Find the right plan for you
Our Platform
Expert led content
+1,000 expert presented, on-demand video modules
Learning analytics
Keep track of learning progress with our comprehensive data
Interactive learning
Engage with our video hotspots and knowledge check-ins
Testing & certification
Gain CPD / CPE credits and professional certification
Managed learning
Build, scale and manage your organisation’s learning
Integrations
Connect Finance Unlocked to your current platform
Featured Content
More featured content
Tackling the Cost of Living Crisis
In this video, Max discusses the cost-of-living crisis currently enveloping the UK. He examines its impact on households as well as the overall economy.
CSR and Sustainability in Financial Services
In the first video of this two-part video series, Elisa introduces us to sustainability. She begins by looking at the difference between sustainability and corporate social responsibility, two terms that can be easily confused.
More featured content
Ready to get started?
Our Solutions
About Us
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More testimonials
Mark Homans
Our sky high NPS following learner feedback speaks for itself - this platform has delivered a lot of value.
Fiona Quinn
Learning is accessible and the tool assists in the continued development of all our employees. It is a fantastic tool for our business!
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What is Force Majeure?
Tim Skeet
35 years: Debt capital markets
A borrower needs to protect themselves from liabilities that are out of their control, for example natural catastrophes. In this video Tim explains the idea of force majeure, which is a common clause in borrowing documentation, releasing borrowers from liability for natural catastrophes.
A borrower needs to protect themselves from liabilities that are out of their control, for example natural catastrophes. In this video Tim explains the idea of force majeure, which is a common clause in borrowing documentation, releasing borrowers from liability for natural catastrophes.
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What is Force Majeure?
1 min 2 secs
The force majeure clause in a borrowing document protects the borrower from being liable for their failure to uphold the contractual obligations as a result of certain unforeseen circumstances.
Key learning objectives:
Define force majeure
Understand that the definition of force majeure differs between documents
Identify some examples of events that could fall under the force majeure definitions
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What is force majeure?
Force majeure is a standard clause in borrowing documentation that releases borrowers from liability for natural catastrophes and for events over which it has no control. The clause comes into effect when these events prevent it from carrying out its obligations under its borrowing documentation.
What are some examples of events that trigger the force majeure clause?
Natural disasters - Hurricanes, tornadoes, Tsunamis, floods, earthquakes, avalanches, and volcanic eruptions.
Political events - military coups, nuclear accidents, war, government expropriation or the imposition of capital controls.
Is the force majeure clause the same across documents?
No, there is no catch-all definition and the definition can be pretty elastic and alter by jurisdiction. Invoking force majeure has reportedly had mixed results in tribunals.
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Tim Skeet
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