International finance institutions

EIOPA consults on revised Guidelines on the use of the Legal Entity Identifier

Retrieved on: 
Saturday, March 27, 2021
European Insurance and Occupational Pensions Authority, European Union, Insurance regulation, Finance, Money, Financial regulation, International finance institutions, Economy, Legal Entity Identifier, Lei, Pan-European Pension, Own risk and solvency assessment

The European Insurance and Occupational Pensions Authority (EIOPA) launched today aconsultation on revised Guidelines on the use of the Legal Entity Identifier (LEI).

Key Points: 
  • The European Insurance and Occupational Pensions Authority (EIOPA) launched today aconsultation on revised Guidelines on the use of the Legal Entity Identifier (LEI).
  • Following the introduction of LEI in 2012, EIOPA issued its own Guidelines on the use of the LEI in October 2014.
  • EIOPA identified a need to review and subsequently revise its current Guidelines due to several reasons:

    The focus of this public consultation refer to the scope (and its clarity) of entities that should have a Legal Entity Identifier.

  • The revised Guidelines also cover the necessity to use LEI code for identification purposes when competent authorities report to EIOPA.

Turkiye Garanti Bankasi A.S.: Regarding the Funded Risk Participation Framework Agreement Executed Between Our Bank and the European Bank for Reconstruction and Development (EBRD)

Retrieved on: 
Friday, December 25, 2020
Economy, Multilateral development banks, Finance, International finance institutions, Money, European Bank for Reconstruction and Development, Bank

Our Bank has signed Funded Risk Participation Framework Agreement with the European Bank for Reconstruction and Development (EBRD) to finance the commercial and project finance loans throughout Turkey.

Key Points: 
  • Our Bank has signed Funded Risk Participation Framework Agreement with the European Bank for Reconstruction and Development (EBRD) to finance the commercial and project finance loans throughout Turkey.
  • Within the scope of this agreement up to 50% participation in TRY, USD or EUR currency may be provided by EBRD for the commercial and project finance loans to be provided by our Bank
    In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.
  • We declare that our above statements are in conformity with the principles included in the Board's Communiqu, Serial II Nr.15.1, that it exactly reflects the information we received; that the information complies with our records, books and documents; that we did our best to obtain the correct and complete information relative to this subject and that we are responsible for the declarations made in this regard.

Remarks by Paschal Donohoe following the Eurogroup video conference of 30 November 2020

Retrieved on: 
Tuesday, December 1, 2020
European Union, Eurozone, Economy of the European Union, Multi-speed Europe, International finance institutions, Europe, Eurogroup, International Monetary Fund, Kristalina Georgieva, Georgieva, Jeroen Dijsselbloem, European Stability Mechanism

We will now proceed to the signature of the Treaty in January and launch the procedures for ratification at national level.

Key Points: 
  • We will now proceed to the signature of the Treaty in January and launch the procedures for ratification at national level.
  • The Treaty reform also establishes a common backstop to the Single Resolution Fund in the form of a credit line from the ESM.
  • I want to say a word about the regular Eurogroup agenda where we welcomed the managing director of the IMF, Kristalina Georgieva.
  • We have now released a statement based on the commendable hard work and good results for Greece and for the euro area.

Finance in Common Summit: responsAbility, supported by FMO and EIB, Commits to Gender Equality: Climate fund qualifies for the 2X Challenge

Retrieved on: 
Thursday, November 12, 2020
International finance institutions, Environmentalism, FMO, Sustainability, Articles, Economy

During the Finance in Common Summit, responsAbility Investments, a leading Swiss sustainable asset manager, commits to apply a gender lens to its investments through its climate fund.

Key Points: 
  • During the Finance in Common Summit, responsAbility Investments, a leading Swiss sustainable asset manager, commits to apply a gender lens to its investments through its climate fund.
  • With this commitment, the climate fund, a private debt fund addressing lack of access to clean power primarily in Sub-Saharan Africa and South and South-East Asia, qualifies for the 2X Challenge.
  • The 2X Challenge is a leading initiative deploying and mobilizing capital to empower women and enhance their economic participation in emerging markets.
  • I am very proud to be supporting responsAbilitys climate fund with FMO, which qualified today for the 2X Challenge.

Leanne Zeng, Vice President of Global Affairs at TCSA, was Invited to Participate in "Dialogue of Continents" Panel by RBWC

Retrieved on: 
Thursday, November 12, 2020
International finance institutions, Bretton Woods, Foreign exchange market, Monetary policy

The panel took place during the Dialogue of Continents, a forum hosted by the Hamburg Institute of International Economics and the Reinventing Bretton Woods Committee.

Key Points: 
  • The panel took place during the Dialogue of Continents, a forum hosted by the Hamburg Institute of International Economics and the Reinventing Bretton Woods Committee.
  • As China's first digital currency, DCEP combines the functionalities of digital currency and electronic payment.
  • The chair also invited Zeng to introduce TCSA's innovative solution in the field of monetary data analytics.
  • Based on real-time monetary data, TCSA synchronizes national economic, fiscal, monetary and financial data, which is integrated into a national economic data brain.

Leanne Zeng, Vice President of Global Affairs at TCSA, was Invited to Participate in "Dialogue of Continents" Panel by RBWC

Retrieved on: 
Thursday, November 12, 2020
Currency, Articles, International finance institutions, Economy, Bretton Woods Committee, Bretton Woods, Money, Business

The panel took place during the Dialogue of Continents, a forum hosted by the Hamburg Institute of International Economics and the Reinventing Bretton Woods Committee.

Key Points: 
  • The panel took place during the Dialogue of Continents, a forum hosted by the Hamburg Institute of International Economics and the Reinventing Bretton Woods Committee.
  • As China's first digital currency, DCEP combines the functionalities of digital currency and electronic payment.
  • The chair also invited Zeng to introduce TCSA's innovative solution in the field of monetary data analytics.
  • This solution enhances government leadership over social and economic resources, improving the timeliness and accuracy of economic decisions.

Focus on the future of banking supervision in a changing world - International banking supervisory community meet virtually

Retrieved on: 
Thursday, October 22, 2020
Financial regulation, International finance institutions, Economy, Finance, Articles, Central banks, Bank regulation, Basel Committee on Banking Supervision, Committees, BCBS, Bank, Prudential regulation

Delegates discussed a wide range of issues related to the future of banking supervision in a changing world.

Key Points: 
  • Delegates discussed a wide range of issues related to the future of banking supervision in a changing world.
  • The discussions covered the digitalization of finance and the evolution of banking models, operational resilience, climate-related financial risks and remote working arrangements.
  • The conference promotes the discussion of key supervisory issues and fosters the continuing cooperation in the oversight of international banking.
  • The Basel Committee on Banking Supervision (BCBS) is the primary global standard setter for the prudential regulation of banks and provides a forum for cooperation on banking supervisory matters.

PIMCO Adds Economist and Central Banker Mark Carney to its Global Advisory Board

Retrieved on: 
Wednesday, September 16, 2020
Money, Economy, Finance, Systemic risk, Financial risk, Financial regulation, International finance institutions, Financial crises, Ben Bernanke, Financial Stability Board, PIMCO, European Systemic Risk Board

The Board provides PIMCO investment professionals with insights on global economic, political, and strategic developments and their relevance for financial markets.

Key Points: 
  • The Board provides PIMCO investment professionals with insights on global economic, political, and strategic developments and their relevance for financial markets.
  • Former Federal Reserve Chairman Ben Bernanke is the Chair of the Board, which is comprised of seven members including Mr. Carney.
  • In addition, he served as Chair of the Financial Stability Board (FSB) from 2011 to 2018, and First Vice-Chair of the European Systemic Risk Board.
  • PIMCO undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements.

Basel Committee and Canada reimagine the 2020 International Conference of Banking Supervisors

Retrieved on: 
Friday, September 11, 2020
Financial regulation, Financial services, Finance, Banking, International finance institutions, Basel Committee on Banking Supervision, Committees, BCBS, Office of the Superintendent of Financial Institutions, ICBS, Bank regulation, Joint Forum

OTTAWA, Sept. 11, 2020 /CNW/ - The Basel Committee on Banking Supervision (BCBS), the Office of the Superintendent of Financial Institutions (OSFI) and the Bank of Canada are pleased to announce that the 21stInternational Conference of Banking Supervisors (ICBS) will be held as the first virtual ICBS from 19-22 October 2020.

Key Points: 
  • OTTAWA, Sept. 11, 2020 /CNW/ - The Basel Committee on Banking Supervision (BCBS), the Office of the Superintendent of Financial Institutions (OSFI) and the Bank of Canada are pleased to announce that the 21stInternational Conference of Banking Supervisors (ICBS) will be held as the first virtual ICBS from 19-22 October 2020.
  • The conference promotes the discussion of key supervisory issues and fosters continuing cooperation in the oversight of international banking.
  • The Basel Committee on Banking Supervision (BCBS) is the primary global standard setter for the prudential regulation of banks and provides a forum for cooperation on banking supervisory matters.
  • Its principal role is "to promote the economic and financial welfare of Canada," as defined in the Bank of Canada Act.

VP Bank is driving sustainability in the investment industry

Retrieved on: 
Friday, July 24, 2020
Economy, Finance, Vice president, Sustainability, Financial services, Multilateral development banks, International finance institutions, Investment banks, Primary dealers, VP Bank AG

"One of the misconceptions surrounding sustainable investing is the view that there is a trade-off between returns and doing the right thing," Felix Brill, Chief Investment Officer at VP Bank Group, explained in an article for World Finance magazine.

Key Points: 
  • "One of the misconceptions surrounding sustainable investing is the view that there is a trade-off between returns and doing the right thing," Felix Brill, Chief Investment Officer at VP Bank Group, explained in an article for World Finance magazine.
  • VP Bank believes that banks have a critical role to play in promoting sustainable finance.
  • VP Bank has also embedded its sustainability plan into its overall business strategy.
  • It's thanks to VP Bank's unique ownership structure, which consists of three long-term anchor shareholders, that the bank has been able to push sustainability to the top of its corporate agenda.