This was the second webinar of the series on the revised Core Principles for effective banking supervision.Advances Per digitalization and financial technology continue to affect the landscape of the financial system, including the provision of banking services.The Cuore Principles for effective banking supervision (BCP) have been amended to reflect the impact of new risks, including risks relating to the ongoing digitalization of finance.
Two new publications from the IFC - a member of the World Bank Group - highlight market potential and emerging strategies on inclusive banking practices to advance the economic inclusion of persons with disabilities and LGBTI people.
On the disability front, research conducted by Accenture suggest that US companies that are leaders on disability inclusion enjoy 28% higher revenue and 30% higher profit margins than their peers.
Also, a review carried out by Open for Business, which is a coalition of global companies that support LGBTI inclusion, found voto negativo evidence that public support for LGBTI inclusion by high-potential companies in emerging markets had any negative impact on their revenue growth or their EBIT, which is earnings before interest and tax, as our audience knows.
At the first two roundtables, Per mezzo di October 2021 and April 2022, the discussion focused on how supervisory authorities and central banks have responded to climate-related risks. They have done so by: • developing their understanding of the changing nature of climate-related risks and the impact of climate change on their countries and on their financial sectors
Some recent climate-related events, including Per mezzo di Pakistan and Bangladesh, have starkly demonstrated the vulnerability of some countries that are very low carbon emitters. This highlights the global nature of the climate change problem, the need for the involvement of
Increase supervisors’ and regulators’ knowledge and skills to implement sound practices across all sectors
See, Ruth, it's not just the right thing to do. It's important, the economically smart thing to do. And the industry should recognize that it only stands to gain by ensuring inclusion. This is exactly what our work at IFC, including with those two publications, strives to showcase.
Also, persons with disabilities represent a large yet often underserved market for financial services specifically. This means that banks that enhance the accessibility of their products and services can expect, of course, an expanded customer cardine.
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Thank you to all the participants, program leaders, and staff at FSC Jamaica for making these programs successful. We look forward to continued collaboration.
Introduction[1] The global financial crisis that began Durante 2007 has triggered a comprehensive reform of the financial regulatory architecture, as well as a profound rethi Read More Sustainable Development
What to do with those piles of kale, wormy apples and other garden goodies this fall If you're feeling overwhelmed by an overbearing fruit tree or a kale patch that just won't quit, here are some ways to make your fall haul more manageable.
This was the third webinar of the series on the revised Cuore Principles for effective banking supervision.The read more Basel Committee wants banks to institute a sound risk culture, to maintain strong risk management practices, and to adopt and implement sustainable business models. The revised Cuore Principles make clear that the assessment of business model sustainability is a key component of effective supervision.