La Regola 2-Minute per https://www.torontocentre.org/
La Regola 2-Minute per https://www.torontocentre.org/
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The worldwide total of forcibly displaced persons (FDPs) reached 110 million Per mezzo di 2022, with the cross-border refugee population standing at 36.4 million Durante 2023. The continuing cross-border refugee crisis caused by global conflict has created great vulnerabilities for FDPs. This TC Note and accompanying podcast discuss the expansion of access to finance for FDPs and the unique challenges it presents for financial regulators and supervisors, such as the need to comply https://www.torontocentre.org/ with customer due diligence requirements under AML/CFT legislation.
Stress testing should be a critical element of risk management for most financial institutions. It should alert boards and senior management to potential adverse outcomes related to a broad range of risks and vulnerabilities, identify potential losses, liquidity needs, and operational responses should adverse shocks occur. Supervisors should, Per mezzo di turn, have a strong interest in stress testing by financial institutions.
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.
Thanks John. For the benefit of our audience today, could you please explain a few of the terms and definitions used Durante the IFC research? John Arzinos: While there's anzi che no universally accepted definition of disability, according to the United Nations, and I'm quoting, "Persons with disabilities include those who have-long term physical, mental, intellectual, or sensory impairments, which, Sopra interaction with various barriers, may hinder their full and effective participation Per mezzo di society on an equal basis with others."
Yes, the designation is given to candidates Durante a personal capacity. Once a candidate has met all requirements and graduated, the designation can be listed on a graduate’s resume.
Providing high quality capacity building programs for financial supervisors and regulators to build more stable and inclusive financial systems. Toronto Centre is an independent not-for-profit organization that promotes financial stability and access to financial services globally, particularly Per mezzo di emerging markets and developing countries.
We are mindful that much work remains Durante promoting the financial and economic inclusion of all people, and it's instructive to see how commercial practices are rising to the business opportunities Sopra local markets that meet the needs of all. So thank you again for this conversation. You can read more about IFC's work Con economic inclusion and the reports themselves by visiting the links shared Per mezzo di the podcast notes.
The goal is to provide about half of the programs in-person. However, this may change based on pandemic-related travel advisories and global conditions. Please refer to the communications provided for each program.
Toronto Centre understands that effective financial regulation and supervision are integral to a healthy, stable economy. Never has this been made more evident than during the 2008 Global Financial Crisis, when strong regulatory procedures and practices were found to be lacking Per many jurisdictions. At Toronto Centre, our objective is to promote financial stability and access globally by providing practical training to financial sector regulators and supervisors, particularly Durante emerging markets and low income countries.
Several challenges were discussed. First, Per mezzo di the absence of internationally agreed standards (and notwithstanding the work of the Task Force on Climate-Related Disclosures), corporate and financial institutions are building their own business models and developing their own patronato sources and reporting. Second, supervisory authorities need to decide what giorno they want to collect from financial institutions. They also need to decide how that giorno will be integrated into supervisory work, including the assessment of financial institutions’ financial positions and risk management practices, and stress and scena testing. Financial institutions will need to be instructed about patronato reporting processes and collection. Supervisory and other authorities need to develop their capacity to analyze these data, both domestically and internationally.
The community bonds campaign, set to launch officially at the CSI’s 20th anniversary party this Thursday, is open to both organizations and individuals, with a minimum investment of $1,000.
Fourth, Sopra this context participants mentioned the climate scenarios developed and refined by the NGFS. These included a mixture of physical and transition risk events based on the timing and magnitude of government interventions to slow global warming. These scenarios have already been applied by some supervisory authorities and central banks and found to be useful Sopra highlighting potential impacts on the financial system. But there is also a need to consider further how the scenarios might be adjusted for different regions, countries and industry sectors; and whether even these scenarios are sufficiently tough. For example, some insurance supervisors have discussed with the NGFS whether the scenarios should contain much larger stresses. Fifth, one purpose of traditional stress and ambiente testing is to consider whether individual financial institutions (or financial systems more generally) have taken on too much of some types of risk, and hold too little capital against these risks. What is the equivalent of this for climate-related stress and quinta tests? There is scope to categorize borrowers and issuers (beginning at an industry sector level, but perhaps moving on to looking separately at the largest borrower and issuers) according to (a) how badly they might be affected by climate-related risks, and (b) the extent to which they are producing harmful emissions. These categories could then be used to categorize lending financial institutions and investing financial institutions according to their credit or investment portfolios. Consideration can then be given to whether financial institutions are complying with “green guidelines,” and whether risk weightings and capital requirements could and should be adjusted to reflect climate-related risks. It was noted, however, that although the above categories (a) and (b) may be closely correlated Sopra terms of transition risks, this may not be the case for physical risks. For example, some industry sectors Sopra some countries may be vulnerable to physical risks, but they may not themselves generate harmful emissions. Finally, climate-related risks can be considered Per terms of their impacts on traditional risks such as credit, insurance, market, conduct, and operational risks. However, many financial institutions – even some larger ones Per mezzo di developed economies – are still not integrating climate-related risks into their risk management. So we are far from where we need to be, Durante terms of basic risk management let alone stress and scena testing. Green transformation financing
• assessing how climate-related risks relate to their mandates and objectives, including for financial stability and financial inclusion • discussing climate-related risks with financial institutions and other stakeholders
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