#international financial system

[its-poojagupta-shree]

The G20, short for the "Group of Twenty," stands as one of the most prominent international forums for addressing global economic challenges, fostering cooperation among nations, and promoting stability in the international financial system. As we approach the year 2023, the G20 is poised to make history with the upcoming 2023 New Delhi summit. In this blog, we will explore the significance of the G20, its evolution, and the key agenda priorities for the New Delhi summit.

[amereid1960]

دور النظام المالي والنظام النقدي الدولي في تعزيز التمويل الدولي

دور النظام المالي والنظام النقدي الدولي في تعزيز التمويل الدولي دور النظام المالي والنظام النقدي الدولي في تعزيز التمويل الدولي الكاتب : تكواشت ��انية الملخص: ملخص: تهدف هذه الدراسة الى تعرف على دور النظام المالي و النقدي الدولي في تعزير التمويل الدولي بالإضافة الى الالمام بمختلف الجوانب النظرية المتعلقة بكل من النظام المالي و النقدي الدولي و التمويل الدولي. توصلت هذه الدراسة الى أن النظام المالي…

[alewaanewspaper1960]

دور النظام المالي والنظام النقدي الدولي في تعزيز التمويل الدولي

دور النظام المالي والنظام النقدي الدولي في تعزيز التمويل الدولي دور النظام المالي والنظام النقدي الدولي في تعزيز التمويل الدولي الكاتب : تكواشت رانية الملخص: ملخص: تهدف هذه الدراسة الى تعرف على دور النظام المالي و النقدي الدولي في تعزير التمويل الدولي بالإضافة الى الالمام بمختلف الجوانب النظرية المتعلقة بكل من النظام المالي و النقدي الدولي و التمويل الدولي. توصلت هذه الدراسة الى أن النظام المالي…

[alice-chan-chan]

A friendly reminder that I reblog posts asking for help because this is the only actual way I can help. But it's up to you to decide whether you should donate or not. This is your own responsibility. Please check all the information to confirm its trustworthiness yourself.

[theygender]

I may be considering the crime of... Getting a business degree 🤢

[malewifehenrycooldown]

it genuinely sucks to not be able to donate to people who need it most, because the last time i asked my parents if i could have my own paypal account they said no (at least from my memory). + i think i recall them saying 'why not use the family one?', but also how the fuck do you explain to them where the money is going to? like sure i'd love to commission people but also there are people who legitimately need money due to x,y,z reasons etc outside of their control. and it would just be nice to give folks some form of financial support.

[ginzburgjake]

I am kind of desperate so here goes...

hi, i’m jake (he/him), and i don’t have the money to finish my undergraduate course due to the misaligned circumstances (click the link for info). i am a trans russian student in the uk, diagnosed with depression and struggling with many everyday tasks, such as finding a job. currently my daily budget is 5£ pounds (and it’s all food). i don’t want to go back to my home country. i am afraid of living there.

i kindly ask anyone who is willing to donate a sum they consider appropriate. thank you.

also the link contains a photo of a dog and a silly qpr couple. if that might tempt you.

cliccy link

[dayofbanks]

Regulatory Environment of Financial Institutions.

Financial regulations are laws and rules that govern financial institutions. Regulations of financial institutions focus on providing stability to the financial system, fair competition, consumer protection, and prevention and reduction of financial crimes. By the mid-1970s, the global financial system witnessed market-oriented reforms that led to liberalization in the financial system, such as the reduction of interest rate controls, removal of investment restrictions on financial institutions and a line of business restrictions, and control on international capital movements. The modern trend observed is that financial sector regulation is moving toward a greater cross-sector integration of financial supervision. In 1998, the adoption of the Basel Accord, which required international banks to attain an 8% capital adequacy ratio was a major significant milestone in banking regulations. The collapse of the global financial system that led to the global crisis can be attributed to the systemic failure of financial regulation. Basel I defined bank capital and bank capital ratio based on two-tier systems. The Basel II framework consisted of Part 1, the scope of application and three pillars, the first one being minimum capital requirements, the second one a supervisory review process, and the third pillar is market discipline. The Basel III framework prepared new capital and liquidity requirements for banks.

Learn more about Regulatory Environment of Financial Institutions related to the publication - Strategies of Banks and Other Financial Institutions: Theories and Cases.

[anaalnathrakhs]

i am going to be fully driven insane by having to live with my parents

[developmentinformationday]

(Part 2) Intersessional Multi-stakeholder Hearing in preparation for the Fourth International Conference on Financing for Development (FfD4).

The Multi-stakeholder hearing will offer all actors including Member States, civil society, academia, private sector, and philanthropy organizations, among others, to actively engage in discussions towards an ambitious FfD4 outcome.

Watch (Part 2) Intersessional Multi-stakeholder Hearing in preparation for the Fourth International Conference on Financing for Development (FfD4)!

[sayruq]

Palestinian banks could be cut off from the Israeli banking system starting next week following a decision by Israel’s finance minister to cease dealings between the two financial institutions, according to a report on Thursday by Israeli newspaper Haaretz. Israeli Prime Minister Benjamin Netanyahu has two days to convene a cabinet meeting to discuss reversing plans by Finance Minister Bezalel Smotrich to isolate Palestinian banks from both the Israeli and international banking systems. The Palestinian economy is based on the Israeli currency, the shekel, making it reliant on ties to Israel and its financial dealings with the rest of the world must go through the Bank of Israel and Israeli banks.

We call this Apartheid.

[no-passaran]

Genocide experts warn that India is about to genocide the Shompen people

Who are the Shompen?

The Shompen are an indigenous culture that lives in the Great Nicobar Island, which is nowadays owned by India. The Shompen and their ancestors are believed to have been living in this island for around 10,000 years. Like other tribes in the nearby islands, the Shompen are isolated from the rest of the world, as they chose to be left alone, with the exception of a few members who occasionally take part in exchanges with foreigners and go on quarantine before returning to their tribe. There are between 100 and 400 Shompen people, who are hunter-gatherers and nomadic agricultors and rely on their island's rainforest for survival.

Why is there risk of genocide?

India has announced a huge construction mega-project that will completely change the Great Nicobar Island to turn it into "the Hong Kong of India".

Nowadays, the island has 8,500 inhabitants, and over 95% of its surface is made up of national parks, protected forests and tribal reserve areas. Much of the island is covered by the Great Nicobar Biosphere Reserve, described by UNESCO as covering “unique and threatened tropical evergreen forest ecosystems. It is home to very rich ecosystems, including 650 species of angiosperms, ferns, gymnosperms, and bryophytes, among others. In terms of fauna, there are over 1800 species, some of which are endemic to this area. It has one of the best-preserved tropical rain forests in the world.”

The Indian project aims to destroy this natural environment to create an international shipping terminal with the capacity to handle 14.2 million TEUs (unit of cargo capacity), an international airport that will handle a peak hour traffic of 4,000 passengers and that will be used as a joint civilian-military airport under the control of the Indian Navy, a gas and solar power plant, a military base, an industrial park, and townships aimed at bringing in tourism, including commercial, industrial and residential zones as well as other tourism-related activities.

This project means the destruction of the island's pristine rainforests, as it involves cutting down over 852,000 trees and endangers the local fauna such as leatherback turtles, saltwater crocodiles, Nicobar crab-eating macaque and migratory birds. The erosion resulting from deforestation will be huge in this highly-seismic area. Experts also warn about the effects that this project will have on local flora and fauna as a result of pollution from the terminal project, coastal surface runoff, ballasts from ships, physical collisions with ships, coastal construction, oil spills, etc.

The indigenous people are not only affected because their environment and food source will be destroyed. On top of this, the demographic change will be a catastrophe for them. After the creation of this project, the Great Nicobar Island -which now has 8,500 inhabitants- will receive a population of 650,000 settlers. Remember that the Shompen and Nicobarese people who live on this island are isolated, which means they do not have an immune system that can resist outsider illnesses. Academics believe they could die of disease if they come in contact with outsiders (think of the arrival of Europeans to the Americas after Christopher Columbus and the way that common European illnesses were lethal for indigenous Americans with no immunization against them).

And on top of all of this, the project might destroy the environment and the indigenous people just to turn out to be useless and sooner or later be abandoned. The naturalist Uday Mondal explains that “after all the destruction, the financial viability of the project remains questionable as all the construction material will have to be shipped to this remote island and it will have to compete with already well-established ports.” However, this project is important to India because they want to use the island as a military and commercial post to stop China's expansion in the region, since the Nicobar islands are located on one of the world's busiest sea routes.

Last year, 70 former government officials and ambassadors wrote to the Indian president saying the project would “virtually destroy the unique ecology of this island and the habitat of vulnerable tribal groups”. India's response has been to say that the indigenous tribes will be relocated "if needed", but that doesn't solve the problem. As a spokesperson for human rights group Survival International said: “The Shompen are nomadic and have clearly defined territories. Four of their semi-permanent settlements are set to be directly devastated by the project, along with their southern hunting and foraging territories. The Shompen will undoubtedly try to move away from the area destroyed, but there will be little space for them to go. To avoid a genocide, this deadly mega-project must be scrapped.”

On 7 February 2024, 39 scholars from 13 countries published an open letter to the Indian president warning that “If the project goes ahead, even in a limited form, we believe it will be a death sentence for the Shompen, tantamount to the international crime of genocide.”

How to help

The NGO Survival International has launched this campaign:

From this site, you just need to add your name and email and you will send an email to India's Tribal Affairs Minister and to the companies currently vying to build the first stage of the project.

Share it with your friends and acquittances and on social media.

Sources:

India’s plan for untouched Nicobar isles will be ‘death sentence’ for isolated tribe, 7 Feb 2024. The Guardian.

‘It will destroy them’: Indian mega-development could cause ‘genocide’ and ‘ecocide’, says charity, 8 Feb 2024. Geographical.

Genocide experts call on India's government to scrap the Great Nicobar mega-project, Feb 2024. Survival International.

The container terminal that could sink the Great Nicobar Island, 20 July 2022. Mongabay.

[Maps] Environmental path cleared for Great Nicobar mega project, 10 Oct 2022. Mongabay.

[trader-sg112]

UAE Central Bank Introduces Easy Cross-Border Payments

The Central Bank of the UAE has achieved a major milestone with the launch of the Minimum Viable Product (MVP) platform for the m-Bridge project. This platform, a first of its kind, promises to transform cross-border payments and settlements. Ready for early adopters, it's a game-changer in the world of wholesale transactions.

Teaming up with key institutions like the Bank for International Settlements Innovation Hub Hong Kong Centre, the Hong Kong Monetary Authority, the Bank of Thailand, and the Digital Currency Institute of the People’s Bank of China, the UAE Central Bank is leading the charge in digital currency innovation.

In January 2024, Sheikh Mansour Bin Zayed Al Nahyan initiated a historic cross-border payment of 'Digital Dirham' worth Dh50 million to China via the m-Bridge platform. This marked not only the platform's real-world readiness but also the first significant CBDC payment between a Mena country and a nation beyond the region.

The launch of the m-Bridge MVP platform signifies a monumental shift in global financial operations, promising enhanced efficiency, security, and transparency. With the UAE Central Bank at the forefront, the future of cross-border payments is brighter than ever.

[xtruss]

International Monetary Fund (IMF) Warns West Against Seizing Russia’s Money! The Move Could Undermine The Global Monetary System, According To The Fund’s Spokesperson

© Getty Images/Selensergen

Western plans to either confiscate Russia’s frozen central bank reserves directly or use the profit they generate could undermine the global monetary system, the IMF has warned.

Western nations, particularly the US, UK and EU states, have blocked an Estimated $300 Billion in assets belonging to the Russian central bank since the start of the Ukraine conflict in February 2022.

The US and a number of EU nations have advocated confiscating these assets to finance Ukraine’s defense and future reconstruction. However, France, Germany, and several other EU members have resisted those calls, warning that such a move could set a dangerous precedent and adversely affect the euro. Some Western countries proposed to appropriate only the interest accrued on the assets, but that approach is also fraught with legal difficulties.

“It is important for the fund that any actions taken have a sufficient legal basis and do not undermine the functioning of the international monetary system,” IMF spokeswoman Julie Kozack said at a press briefing on Thursday when asked by RIA Novosti about the Western plans for the frozen assets.

Assessing the prospects for reaching an agreement about the Russian funds at the G7 level in light of the group’s upcoming ministerial meeting in Italy, Kozack emphasized that any decisions must be made in the appropriate courts and jurisdictions.

G20 Members Lobby EU Against Seizing Russian Assets – Financial Times! Saudi Arabia and Indonesia have reportedly been raising concerns over their own reserves held in the West. May 3, 2024, RT. © Getty Images/Scaliger

The IMF has repeatedly cautioned that Western plans to seize frozen Russian assets could entail unforeseen risks.

The push to seize the money, which has been led by the US, has caused a rift among the G7 and EU political elite. The US, which holds only $6 Billion out of the $300 billion in frozen Russian assets, had long been pushing its allies for the outright seizure.

Some Western officials have backed the idea, suggesting transferring the funds to Ukraine, or at least using the interest generated by the assets. However, this approach has faced opposition from the European Central Bank and criticism from the IMF.

While Kiev’s Western backers generally agree that the frozen assets should be used to aid Ukraine, they are at odds about whether an outright seizure would be legal.

Moscow has repeatedly said that seizing its funds would amount to theft and would further undermine global trust in the Western financial system. Russia also warned that it would retaliate if such a step were taken.

— RT | May 16, 2024

[webscarlet]

Unlocking Artistic Success: Sculpture Commission Opportunities with Statues

Unlocking Artistic Success: Sculpture Commission Opportunities with Statues

In the charming international of artwork, sculptors locate their muse not simply in personal projects but through accomplishing sculpture commissions. This guide is your key to understanding and seizing sculpture commission opportunities, emphasizing how they act as a gateway to unparalleled artistic success. Let’s delve into the intricacies of the commission system, the blessings it gives, and the transformative effect it may have on an artist’s career, with a special focus on the expertise provided through Statues, your ultimate associate on this artistic journey.

What is Sculpture Commission?

Sculpture commission is a collaborative endeavor wherein a patron commissions a sculptor to craft a one of a kind piece of artwork tailor-made to precise choices, themes, or requirements. This inventive collaboration frequently results within the advent of bespoke sculptures that resonate with the patron's unique vision.

The Rising Trend in Sculpture Commissions

Recent years have witnessed a surge in the call for for commissioned sculptures, reflecting a shift in art intake. Individuals and communities now seek personalised, significant works of art that inform specific testimonies or mirror distinct identities. Sculpture commissions have turn out to be the preferred avenue for acquiring one-of-a-kind portions with sentimental price.

Significance of Sculpture Commission Opportunities

For artists, taking part in sculpture commissions goes beyond growing art; it opens doors to multifaceted possibilities. Besides financial gains, sculptors discover that commissioned initiatives provide a unique platform for creative growth. Interacting with customers, knowledge their narratives, and translating the ones testimonies into tangible sculptures extensively make contributions to an artist's improvement. Establishing long-time period relationships with customers can result in a sustainable and gratifying profession within the artwork international.

Navigating the Art of Sculpture Commission

Understanding the Sculpture Commission Process

Successfully navigating the sculpture fee method calls for a deep information of the client's imaginative and prescient and expectations. This entails preliminary consultations, where the sculptor and customer discuss issues, concepts, and favored consequences. Sculptors should adeptly interpret the purchaser's thoughts to make certain a shared vision earlier than advancing to the advent segment.

Tailoring Artistic Vision to Exceed Expectations

A pivotal aspect of a successful sculpture commission is the sculptor's potential to tailor the inventive imaginative and prescient to satisfy and exceed customer expectations. This requires a delicate stability among retaining the sculptor's precise style and seamlessly integrating elements that resonate with the client. Accomplished sculptors adeptly seize the essence of the patron's vision while infusing their distinct artistic flair into the final piece.

Balancing Artistic Freedom and Client Requirements

The sculptor-client dating prospers on placing a sensitive balance among artistic freedom and meeting customer requirements. Successful sculptors discern when to claim their innovative independence and when to make changes based totally on client feedback. This sensitive dance guarantees that the final sculpture isn't always best a testament to the artist's talent but also a loved piece that aligns seamlessly with the customer's vision.

[101now]

Watch: Netanyahu on whether Israel is less safe today because of his judicial overhaul

Hear Netanyahu respond to judicial overhaul plans amid protests In an interview with CNN’s Wolf Blitzer, Israel’s Prime Minister Benjamin Netanyahu discusses his plans for Israel, including the controversial judicial reform law that has sparked protests. Source link