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.
You see, Ruth, many people consider these two groups to be very different, but Sopra truth, they share a Cuore common characteristic. They're both severely underserved and hold tremendous potential. So, to give you some examples, the size and potential of the untapped LGBTI banking market is significant and it is growing in importance. Estimates suggest that the LGBTI population has a collective annual spending power of 3.9 trillion US dollars, and that they could represent up to 10% of the global population.
Financial crime is a significant threat to the safety and security of citizens and to the integrity of individual countries and the global financial system. While the proliferation of digital technologies presents many opportunities for financial systems, it also has introduced a new age of financial crime. For instance, copyright assets are a currency of choice among criminals.The panel discussed:* The importance of global implementation of FATF’s standards to ensure responsible financial sector growth* Using the latest data technologies to combat financial crime* How financial supervisors can better detect criminal activity and enhance know-your-customer protocols* How policymakers and supervisors can advance global coordination to combat financial crimeOpening Remarks:Ian Gorst, Minister of External Affairs, Government of JerseyPanelists:Abdul Rasheed Ghaffour, Governor, Bank Negara MalaysiaT.
Increase supervisors’ and regulators’ knowledge and skills to implement sound practices across all sectors
Yes, subject to the candidate meeting the CFS program criteria. You must meet all prerequisites to pass on to the next level of the program.
The worldwide total of forcibly displaced persons (FDPs) reached 110 million in 2022, with the traversone-border refugee population standing at 36.4 million Per 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 with customer paio diligence requirements under AML/CFT legislation.
Hello, everyone, and welcome to this Toronto Centre podcast. Today we will be talking about two new publications on inclusive banking practices that advance the economic inclusion of persons with disabilities and LGBTI people. These reports were released earlier this year by the International Finance Corporation, the private sector arm of the World Bank.
[3] The discussion was conducted under the Chatham House rule – the themes reported here reflect the sense of the discussion but do not attribute observations to individual speakers.
For the financial sector, the cost here of inclusion gaps may be especially high. Banks that lag behind their competitors Per mezzo di respect to diversity, equity, and inclusion practices will find it more difficult to attract and retain apogeo talent and customers, break into new markets, innovate, and build a good reputation among prospective and existing employees, customers, business partners, and stakeholders.
Of course. We found plenty of examples for both LGBTI inclusion and disability inclusion Per emerging markets, and I'm happy to share some highlights. For example, Argentinian state-owned Banco de la Nacion announced a 1% target for transgender people Con the workforce as part of an agreement with the banking industry's labor union, Asociacion Bancaria. The Kenya Bankers Association, or KBA, adopted financial inclusion for persons with disabilities as a strategic goal Per 2019, and since then, the KBA has worked with several banks operating Con Kenya as well as the independent trust called Financial Sector Deepening Kenya and local nonprofit called Enable to develop a roadmap for the industry to tackle accessibility challenges.
Health-care announcements expected with two weeks to go Per mezzo di N.B. election race New Brunswick's Liberal and Green parties are set to make announcements about health care on the campaign trail today as the provincial election race enters its second half.
Young driver charged with impaired driving after crashing into traffic light, fleeing police Emergency services were called to the settore of Stone Road West and Chancellors Way around 1:20 a.m. Sunday for a report of a single motor vehicle collision.
As you can see, these emerging practices, the two groups don't really differ that much between each other. And this is because the issues that the two groups are facing are very similar, just as we touched earlier on.
A second starting point is to consider the position of investors and lenders. Better disclosure will enable investors and lenders to take a closer look at the climate credentials of corporates and projects, and the risks of investing Sopra them or lending to them. Some countries are competing to establish their capital markets as green hubs. However, there are problems here around the shortage of well-formulated projects to reduce emissions or improve adaptation. And even where projects do exist, many are risky and there is not always agreement on how to spread the risks across international financing institutions, national governments, corporates, investors and lenders. This is a major challenge, including for supervisors Durante bank-based financial systems. One key issue is whether it is appropriate to finance major transformation projects through bank lending rather than through equity. Deepening capital markets and encouraging inward investment are difficult to achieve, as past experience has shown.