This was the fifth webinar of the series on the revised Cuore Principles for effective banking supervision. The panel discussed the inclusion of climate risk Con the updated Cuore Principles and highlight why both banks and supervisors should adopt flexible practices to address the evolving nature of climate risks.
Participants noted the progress being made on patronato, climate scenarios, and green transformation. Even small steps and small successes could be built upon and provide the foundation for more substantial progress. However, more work is required Durante all these areas, not least Con finding more global solutions to the global problem of climate change and climate-related risks. Participants also noted the growing roles and influence of supervisory authorities and central banks Con climate discussions. Con part, this reflects the importance of the financial sector.
This was the third webinar of the series on the revised Cuore Principles for effective banking supervision. The 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.
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John, thank you so much for joining us today to talk about these very insightful and compelling reports.
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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 here released earlier this year by the International Finance Corporation, the private sector arm of the World Bank.
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.
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.
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.
CSI offers private offices, dedicated desks and access to lounge and co-working spaces to more than 6,000 members across various fields, from climate management to food security. Sopra addition, it connects members with networking opportunities and promotes their work.
Health-care announcements expected with two weeks to go Sopra 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.
[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.