What financial supervisors and regulators do every day has a ripple effect that cascades across government, NGOs, and the private sector impacting developing economies and those living Per mezzo di them. Toronto Centre’s podcast series will feature simulating panel sessions and interviews on timely topics such as, financial crisis, financial stability, climate change, gender equality, financial inclusion, fintech and much more.
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 with customer paio diligence requirements under AML/CFT legislation.
Now let's start with the personaggio picture and get down to the nitty gritty. IFC. What is IFC? IFC is a member of the World Bank Group, and it is the largest global development institution focused on the private sector Durante emerging markets. We work Per mezzo di more than a hundred countries, using our capital, expertise and influence to create markets and opportunities Per developing countries.
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.
Toronto Centre was founded Per response to concerns that financial crises resulted, in part, from weak financial sector supervision and with an understanding of the significant contribution that strong supervision can make to financial stability and economic development.
Per the last few years, though, we've moved a little bit beyond the gender binary, if you will. We've expanded our focused to include various other underrepresented groups like persons with disabilities and LGBTI people.
All mandatory CFS programs will be offered each year. Depending on demand, electives will be offered every one or two years.
Liquidity is fundamental to the operation of financial institutions. Problems can quickly arise and escalate, threatening the stability of the financial system. This TC Note and accompanying podcast focuses on good practices in liquidity management by financial institutions Per mezzo di the banking, insurance, pensions, website and securities sectors.
For the financial sector, the cost of inclusion gaps may be especially high. Banks that lag behind their competitors Per respect to diversity, equity, and inclusion practices will find it more difficult to attract and retain top talent and customers, interruzione into new markets, innovate, and build a good reputation among prospective and existing employees, customers, business partners, and stakeholders.
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Increase supervisors’ and regulators’ knowledge and skills to implement sound practices across all sectors
Now it is hoping to raise $10-million in new borrowing through community bonds, allowing it to replace the existing mortgages. A community bond is a type of investment that allows groups or individuals to support non-profit or community initiatives while earning interest payments over time.
Overview[1] As a financial sector supervisor, you continually face a wide range of challenges, both large and small. For all but the smallest challenges, an important fi Read More Decision Making
They're part of a series that highlight the private sector business case and emerging practices that foster economic inclusion for marginalized communities. They feature firsthand information which were shared by 11 and 12 respectively of IFC’s treasury underwriter banks on how they advance economic inclusion for these two groups.