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 Con emerging markets and developing countries.
What financial supervisors and https://www.torontocentre.org/ regulators do every day has a ripple effect that cascades across government, NGOs, and the private sector impacting developing economies and those living Con 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.
Of course. We found plenty of examples for both LGBTI inclusion and disability inclusion Per mezzo di 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 Per 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 in 2019, and since then, the KBA has worked with several banks operating Per 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.
TD Bank's supplier diversity program helps promote a level playing field and encourage inclusion of persons with disabilities in banks' procurement selection process, and they do this by prioritizing suppliers that are at least 51% owned and operated by individuals with disabilities. One more example. Santander Per mezzo di Argentina has developed an app called Hablalo!, Talk About It! And what it does is encourages communication with people who face difficulties when using banking services. And there are a lot more example that our readers can read about Per mezzo di the reports.
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 Con 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 in 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.
Stable economies create an environment for economic growth and job creation, while increased accessibility to financial services is an effective means to breaking the cycle of poverty.
To give you an example, Con fiscal year 2021, IFC committed a record 31 and a half billion US dollars to private companies and financial institutions Con developing countries. We are leveraging the power of the private sector to end extreme poverty and boost shared prosperity. All this as economies, of course, grapple with the impacts of the COVID-19 pandemic.
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 Con liquidity management by financial institutions in the banking, insurance, pensions, and securities sectors.
We also concluded the popular webinar series on the Cuore Principles for effective banking supervision, discussing risk management and business model sustainability, operational resilience and proportionality, and climate-related financial risks. More Per mezzo di our latest newsletter:
On Oct. 13, 2022, Toronto Centre convened a meeting of central bank governors and heads of supervision authorities from developing and developed countries. The purpose was to explore how international campione setters and national authorities are responding to the impact of climate-related risks on the financial system. This was the third roundtable discussion hosted by Toronto Centre on this important subject.
Dihan Chandra, the founder and managing director of CSI member Spent Goods, said Sopra an e-mail statement that “an increase Per mezzo di rent or CSI closure would be a fatal blow to this ecosystem of small to medium businesses.”
Now, within IFC, a small the mighty unit called the Gender and Economic Inclusion Group is hard at work to reduce gender inequality. What do we do? We provide investment advice, we develop global and country-specific partnerships, and we conduct research to highlight the business rationale of closing gender gaps.
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