Banking on Shared Value: How Banks Profit by Rethinking Their Purpose

This paper articulates a new role for banks in society using the lens of shared value. It is intended to help bank leaders, their partners, and industry regulators seize opportunities to create financial value while addressing unmet social and environmental needs at scale. The concepts included here apply across different types of banking, across different bank sizes, and across developed and emerging economies alike, although their implementation will naturally differ based on context

Inversion of massive surface wave data sets: Model construction and resolution assessment

International audience[1] A new scheme is proposed for the inversion of surface waves using a continuous formulation of the inverse problem and the least squares criterion. Like some earlier schemes a Gaussian a priori covariance function controls the horizontal degree of smoothing in the inverted model, which minimizes some artifacts observed with spherical harmonic parameterizations. Unlike earlier schemes the new approach incorporates some sophisticated geometrical algorithms which dramatically increase computational efficiency and render possible the inversion of several tens of thousands of seismograms in few hours on a typical workstation. The new algorithm is also highly suited to parallelization which makes practical the inversion of data sets with more than 50,000 ray paths. The constraint on structural and anisotropic parameters is assessed using a new geometric approach based on Voronoi diagrams, polygonal cells covering the Earth's surface. The size of the Voronoi cells is used to give an indication of the length scale of the structures that can be resolved, while their shape provides information on the variation of azimuthal resolution. The efficiency of the scheme is illustrated with realistic uneven ray path configurations. A preliminary global tomographic model has been built for SV wave heterogeneities and azimuthal variations through the inversion of 24,124 fundamental and higher-mode Rayleigh waveforms. Our results suggest that the use of relatively short paths (<10,000 km) in a global inversion should minimize multipathing, or focusing/defocusing effects and provide lateral resolution of a few hundred kilometers across the globe

The African upper mantle and its relationship to tectonics and surface geology

International audienceThis paper focuses on the upper-mantle velocity structure of the African continent and its relationship to the surface geology. The distribution of seismographs and earthquakes providing seismograms for this study results in good fundamental and higher mode path coverage by a large number of relatively short propagation paths, allowing us to image the SV-wave speed structure, with a horizontal resolution of several hundred kilometres and a vertical resolution of similar to 50 km, to a depth of about 400 km. The difference in mantle structure between the Archean and Pan-African terranes is apparent in our African upper-mantle shear wave model. High-velocity (4-7 per cent) roots exist beneath the cratons. Below the West African, Congo and Tanzanian Cratons, these extend to 225-250 km depth, but beneath the Kalahari Craton, the high wave speed root extends to only similar to 170 km. With the exception of the Damara Belt that separates the Congo and Kalahari Cratons, any high-speed upper-mantle lid below the Pan-African terranes is too thin to be resolved by our long-period surface wave technique. The Damara Belt is underlain by higher wave speeds, similar to those observed beneath the Kalahari Craton. Extremely low SV-wave speeds occur to the bottom of our model beneath the Afar region. The temperature of the African upper mantle is determined from the SV-wave speed model. Large temperature variations occur at 125 km depth with low temperatures beneath west Africa and all of southern Africa and warm mantle beneath the Pan-African terrane of northern Africa. At 175 km depth, cool upper mantle occurs below the West African, Congo, Tanzanian and Kalahari Cratons and anomalously warm mantle occurs below a zone in northcentral Africa and beneath the region surrounding the Red Sea. All of the African volcanic centres are located above regions of warm upper mantle. The temperature profiles were fit to a geotherm to determine the thickness of the African lithosphere. Thick lithosphere exists beneath all of the cratonic areas; independent evidence for this thick lithosphere comes from the locations of diamondiferous kimberlites. Almost all diamond locations occur where the lithosphere is 175-200 km thick, but they are largely absent from the regions of the thickest lithosphere. The lithosphere is thin beneath the Pan-African terranes of northern Africa but appears to be thicker beneath the Pan-African Damara Belt in southern Africa

Steps in lithospheric thickness within eastern Australia, evidence from surface wave tomography

[1] A series of steps in the lithospheric thickness of eastern Australia are revealed by the latest seismic surface wave tomographic model and calculations of the horizontal gradient of shear wave speed. The new images incorporate data from the recent Tasmal experiment, improving resolution in continental Australia. Through comparisons with surface geology and geochemical studies, it is possible to infer that the steps in lithospheric thickness are related to boundaries between blocks of different age. The westernmost boundary marks the edge of the Archaean to Early-Proterozoic core of the continent. A second lithospheric boundary is observed in the central part of east Australia. To the west of this line, geochemical evidence suggests that there is Proterozoic lithospheric mantle, and this boundary may therefore represent the change from Proterozoic to Phanerozoic basement. The structure on the eastern margin of the continent is dominated by slow velocities, suggesting that in this area the continental lithosphere is very thin. There is a strong correlation between the slow wave speeds and the location of both the highest topography and recent volcanic activity. Inland of the continental margin, a zone of strong gradients in the seismic wave speed is observed, indicating a distinct step in lithospheric structure. If the step in lithospheric thickness was in place prior to volcanism, it may have acted as a boundary, with volcanism mainly occurring beneath the thinner lithosphere to the east