• Latest

EIB and IFC Create Global Emerging Markets Risk Database Consortium

25 June, 2009
China Liberal Education Holdings Limited Starts Higher Volume Production and Expands Domestic Sales Channels of All-in-one Machine AI-Space

China Liberal Education Holdings Limited Starts Higher Volume Production and Expands Domestic Sales Channels of All-in-one Machine AI-Space

19 December, 2020
Bell connecting Canadians at home for the holidays with free TV programming and no extra usage fees on residential Internet

Bell connecting Canadians at home for the holidays with free TV programming and no extra usage fees on residential Internet

18 December, 2020
TEMSA: Bus exports to be delivered to the heart of the European Union

TEMSA: Bus exports to be delivered to the heart of the European Union

18 December, 2020
EU tries to reshape the rules of the Internet

EU tries to reshape the rules of the Internet

17 December, 2020
Matterport Brings 3D Capture to the iPhone

Matterport Brings 3D Capture to the iPhone

5 May, 2020
NASA Administrator Statement on Agency Coronavirus Status

NASA Administrator Statement on Agency Coronavirus Status

15 March, 2020
Technology Supports Social Distancing in age of Covid-19

Technology Supports Social Distancing in age of Covid-19

15 March, 2020
Second Staff Exchange Between EU CyberSecurity Organizations

Second Staff Exchange Between EU CyberSecurity Organizations

19 February, 2020
Iranian Professor on the Iran-US escalation: “Iranians expected to hear a clear and steadfast condemnation from Turkish authorities over Soleimani’s death”

Iranian Professor on the Iran-US escalation: “Iranians expected to hear a clear and steadfast condemnation from Turkish authorities over Soleimani’s death”

16 February, 2020
Badly Trained Spam – Only A Quarter of Brits Train their Spam Filter

Badly Trained Spam – Only A Quarter of Brits Train their Spam Filter

6 February, 2020
Year 2020: What is the Status of 5G Rollout Worldwide and Turkey

Year 2020: What is the Status of 5G Rollout Worldwide and Turkey

31 January, 2020
Turkish Competition Authority’s Android Decision

Turkish Competition Authority’s Android Decision

18 December, 2019
  • About Us
  • Contact Us
  • Homepage
  • Latest News
  • News Widget
  • Privacy Policy
Monday, March 27, 2023
Social icon element need JNews Essential plugin to be activated.
  • Login
  • Register
Globaltelconews
Advertisement
  • IT
  • Telecom
  • Mobile
  • e-Commerce
  • Fintech
  • Security
  • New Tech
  • About
    • About Us
    • Contact Us
    • Privacy Policy
No Result
View All Result
  • IT
  • Telecom
  • Mobile
  • e-Commerce
  • Fintech
  • Security
  • New Tech
  • About
    • About Us
    • Contact Us
    • Privacy Policy
No Result
View All Result
Globaltelconews
No Result
View All Result

EIB and IFC Create Global Emerging Markets Risk Database Consortium

globaltelconews-admin by globaltelconews-admin
25 June, 2009
in English
0

The European Investment Bank (EIB) and IFC, a member of the World Bank Group, have signed a cooperation agreement creating a Global Emerging Markets (GEMs) Risk Database Consortium to pool data and strengthen risk-management practices among multilateral development banks.

The agreement formalizes the relationship between IFC and EIB in the area of pooling loss data. It also provides a consistent framework for potential partners, including international financial institutions (IFIs) such as the European Bank for Reconstruction and Development, the African Development Bank, and the Inter-American Development Bank, which will be joining the Consortium.

EIB President Philippe Maystadt said: “In the context of promoting the development of the financial markets in emerging countries, the GEMs Risk Database initiative will enhance the cooperation and synergies among IFIs.”

“This is a great knowledge-sharing opportunity for IFC,” said Lars Thunell, IFC Executive Vice President and CEO. “We are pleased to be a part of this initiative, which will help strengthen risk management practices worldwide.”

Credit-risk data, such as default and recovery rates, have become a key element of the risk assessment process. The initiative will expand the universe for such information and strengthen risk management practices among organizations. It will also provide a common platform for enhancements and knowledge sharing.

In collaborating to create this data consortium, IFC and EIB worked to standardize the data collection processes. They structured the data in a way that keeps counterparts’ identities anonymous and preserves data confidentiality. The risk database and common methodology adopted by EIB and IFC have been reviewed independently by Standard & Poor’s and will now be made available to other multilateral development banks.

The consortium has been jointly spearheaded by Alain Godard, EIB Director for Financial Risk Management and Lakshmi Shyam-Sunder, IFC Director for Corporate Risk Management who described the initiative as especially fulfilling because it goes beyond the needs of individual institutions and creates something of wider benefit.

Previous Post

Webroot Survey Reveals Social Networkers’ Risky Behaviours

Next Post

7 in 10 Brits say Online Flirting is not Cheating

Next Post

7 in 10 Brits say Online Flirting is not Cheating

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Navigation

  • Authors
  • Author Login
  • Author Application
  • Advertisement
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Sitemap
Social icon element need JNews Essential plugin to be activated.

© 2018 Globaltelconews.com

No Result
View All Result
  • IT
  • Telecom
  • Mobile
  • e-Commerce
  • Fintech
  • Security
  • New Tech
  • About
    • About Us
    • Contact Us
    • Privacy Policy

© 2018 Globaltelconews.com

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In