Dealing with the effects of climate change through climate adaptation
EBRD joins call for more reporting of climate risk World leaders meet virtually in the Netherlands today for the Climate Adaptation Summit (CAS), whose aim is to galvanise and scale up global efforts to adapt to the impacts of climate change, with their significant implications for human and economic development. Today, adaptation is an important part of climate action worldwide, in parallel with efforts to limit the greenhouse gas emissions that cause climate change. There is little doubt that the world is warming. Even if current pledges made to implement the 2015 Paris Agreement on keeping warming below 2°C are fully implemented, they would only limit the projected temperature rise to between 2.9°C and 3.4°C by 2100, leading to potentially catastrophic impacts, from rising sea levels, heat stress, and more severe storms to ecosystem destruction.
<p><span>Only 20% of those working in the UK financial services profession are confident that their firms are committed to ethical finance policies and ESG principles when it comes to their lending, investing, wealth management and fund management activities, according to a new survey by the Chartered Institute for Securities & Investment (CISI).</span></p>
Thursday, January 7, 2021
31 December
The Brexit Transitional Period (pursuant to which the UK stayed in the Single Market and European Customs Union came to an end. The FCA updated its Brexit webpages to remind firms of the potential impact this will have.
30 December
In relation to Brexit, the UK-EU Trade and Cooperation Agreement was signed, which would apply from 1 January 2021.
28 December
The Prudential Regulation Authority ( PRA ) published a policy statement (PS29/20) on the implementation of the CRD V Directive (EU/2019/878) (
CRD V ).
24 December
In relation to Brexit, the United Kingdom and European Union agreed in principle a Trade and Cooperation Agreement, an Agreement on Nuclear Cooperation and an Agreement on Security Procedures for Exchanging and Protecting Classified Information.
Reimagining the ocean economy with Ocean Innovation Africa
Entrepreneurs, executives, investors, scientists and government representatives from around the world recently gathered online for Ocean Innovation Africa, a platform dedicated to fostering connection, knowledge-sharing and discovery between leaders looking to make a positive impact on the continent s oceans economy.
The two-day summit, organised by OceanHub Africa (OHA) and Catalyze, was sponsored by Wesgro, the City of Cape Town, 3DExperience Lab and the French Embassy in South Africa and supported by the V&A Waterfront, World Wildlife Fund South Africa, World Ocean Council and AWS Activate. It saw more than 500 people engage in a range of live panel discussions, pitching events and master classes with attendees also being given the option of joining some networking, matchmaking, and film screening sessions scattered throughout the proceedings.
Mr. Hussein Abaza, Chief Executive Officer and Board Member, Commercial International Bank (CIB)
The response of Commercial International Bank (CIB) to the coronavirus crisis can be seen as validation of a long-term strategy to become a more customer-centric and sustainable organization.
Coronavirus has created enormous challenges in Egypt, as in many other parts of the world. But even before the onset of the pandemic, CIB had embarked on a comprehensive digital transformation programme, which included expanding its digital services – an approach that provided a crucial advantage when restrictions were imposed.
The bank has enhanced its existing platforms to accommodate an influx of new users. It created offline requests to allow clients to perform more transactions through online and mobile banking services and waived fees and in-person transaction requirements, significantly reducing the number of customers in its branches.