The International Day of Banks is commemorated all over the world annually December 4th, to acknowledge the role of banks in providing people with important information for their financial security.
Source: Text: Google
The Principles for Responsible Banking
The Principles provide the framework for a sustainable banking system and help the industry to demonstrate how it makes a positive contribution to society. They embed sustainability at the strategic, portfolio and transactional levels, and across all business areas. In the year since the launch of the framework, the signatories to the Principles for Responsible Banking grew from 130 to more than 190 banks representing more than a third of the global banking industry and around 1.6 billion customers worldwide. To celebrate the first anniversary of the launch of the Principles for Responsible Banking, signatories and civil society have shared their thoughts and experiences one year on!
Well-run national development banks can help countries develop financing options for Sustainable Development Goal-related investments. Such banks should be aligned with the Goals in a holistic way and be considered in integrated national financing frameworks. Collaboration between national development banks and multilateral banks, through co-financing or on-lending arrangements, can enhance Goal-related finance through the complementarity of international resources and local market knowledge.
Reform of the global financial architecture
- The crisis affecting the multilateral trading system is also an opportunity to revamp it and make it fit for sustainable development;
- Challenges in sovereign debt restructuring have sensitized the international community to gaps in the existing architecture;
- Increasing vulnerabilities have underscored the importance of strengthening the global financial safety net;
- The digitization of the economy has fuelled the debate about the design of the international tax system;
- Growing market concentration has underscored the need to better monitor this trend and manage its socioeconomic implications.
Source: Text: https://www.un.org/en/observances/international-day-of-banks Image: https://wcdevents.home.blog/december/internationaldayofbanks/
The text of today’s gospel (John 18:33-37) has something relevant to address this situation.
World Paper Free Day
World Press Freedom Day is also known as World Press Day. May 3 was announced as International Press Day in 1993 by the UN General Assembly upon recommendation of UNESCO’s General Conference to spread awareness about the importance of Freedom of the Press in functioning, information providing, its significance and to awaken the government of its duty to uphold and respect the right to freedom of expression. This day also pays homage to journalists who have lost their lives. This year, it is hosted in Uruguay.