SBP’s framework to induce environmental, social risk management
Business
April 29, 2021
KARACHI: The State Bank of Pakistan (SBP) is formulating a regulatory guidance with assistance from the World Bank s private sector arm to enhance knowledge and capacity of banks on environmental and social risk management, people familiar with the matter said on Wednesday.
The framework will offer guidance on how banks integrate climate change and other sustainability concerns into their risk management systems. Pakistan sustainable banking project, the first of its kind, is in progress and is the SBP’s important initiative around green finance.
“The SBP is now working with IFC on the Pakistan sustainable banking project,” a SBP’s spokesperson confirmed with The News.
SBP s framework to induce environmental, social risk management
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SBP s framework to induce environmental, social risk management
thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.
Ripple (XRP) Exploring the Future of CBDCs in Cross Border Payments
Ripple (XRP) Exploring the Future of CBDCs in Cross Border Payments
December 16, 2020
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Interoperability is the key to uncovering the future of CBDCs. Central bank digital currency (CBDC) is the digital form of fiat money. This inspiration has come from the Bitcoin concept. However, CBDC is very different from cryptocurrency and virtual currency. CBDCs are not issued by the government and they do not have the legal tender status declared by the government.
CBDCs is at the state of proof of concept and it is not in real time execution. Several Central Banks are studying this concept. China’s central bank is in the forefront of “DC/EP”: Digital Currency/Electronic Payments. Lot of countries like Sweden on e-Krona; Uruguay for Uruguayan Pesos; and similarly lot of pilot CDBC programs are in existence.