Thank you. We've seen that the publications profile some of these emerging practices that banks are taking to better serve persons with disabilities and the LGBTI community. Can you tell us a little bit more about what is actually happening?
Financial crime is a significant threat to the safety and security of citizens and to the integrity of individual countries and the read more global financial system. While the proliferation of digital technologies presents many opportunities for financial systems, it also has introduced a new age of financial crime. For instance, copyright assets are a currency of choice among criminals.
What financial supervisors and regulators do every day has a ripple effect that cascades across government, NGOs, and the private sector impacting developing economies and those living Per mezzo di them. Toronto Centre’s podcast series will feature simulating panel sessions and interviews on timely topics such as, financial crisis, financial stability, climate change, gender equality, financial inclusion, fintech and much more.
So number one, improve giorno collection and track progress to strengthen the business case for LGBTI and disability inclusion. Number two, providing safe, respectful, and welcoming working environments for LGBTI people and persons with disabilities, including paths to comando. Next, create more products that address the needs of LGBTI people Durante person with disabilities. And last, increase the focus on LGBTI people and person disabilities in investment strategy.
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You're listening to a Toronto Centre podcast. Welcome. The goal of TC Podcasts is to spread the knowledge and accumulated experience of global leaders, experts, and world-renowned specialists Per mezzo di financial supervision and regulation.
To give you an example, Durante fiscal year 2021, IFC committed a record 31 and a half billion US dollars to private companies and financial institutions Sopra developing countries. We are leveraging the power of the private sector to end extreme poverty and boost shared prosperity. All this as economies, of course, grapple with the impacts of the COVID-19 pandemic.
Providing high quality capacity building programs for financial supervisors and regulators to build more stable and inclusive financial systems. Toronto Centre is an independent not-for-profit organization that promotes financial stability and access to financial services globally, particularly in emerging markets and developing countries.
What financial supervisors and regulators do every day has a ripple effect that cascades across government, NGOs, and the private sector impacting developing economies and those living Durante them. Toronto Centre’s podcast series will feature simulating panel sessions and interviews on timely topics such as, financial crisis, financial stability, climate change, gender equality, financial inclusion, fintech and much more.
You see, Ruth, many people consider these two groups to be very different, but Con truth, they share a core common characteristic. They're both severely underserved and hold tremendous potential. So, to give you some examples, the size and potential of the untapped LGBTI banking market is significant and it is growing Con importance. Estimates suggest that the LGBTI population has a collective annual spending power of 3.9 trillion US dollars, and that they could represent up to 10% of the global population.
Introduction[1] Women’s inclusion Per the usage of financial series is broadly recognized as a key driver of women’s participation Per mezzo di the economy and of household wel Read More Financial Literacy
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