8th Executive IFRS Workshop for Supervisors: Climate Sustainability and IFRS Update

The Financial Stability Board coordinates the work of international regulators to support integrating sustainability policies at the request of the G20, including though climate and environment monitoring, under four key policy areas: firm-level disclosures, data, vulnerabilities analysis, and regulatory and supervisory practices and tools.

PULSAR Joint Education and Financial Reporting Communities of Practice 6th Workshop

The Public Sector Accounting and Reporting (PULSAR) Program held a joint workshop on December 1, 2022, for members of its Communities of Practice: on Financial Reporting (FinCoP) and Education (EduCoP). The EduCop was also joined by the members of The Strengthening Auditing and Reporting in Countries of the Eastern Partnership (STAREP) Program. The workshop was organized by the World Bank Centre for Financial Reporting Reform (CFRR) as part of events marking 15 years of CFRR activities.

IFRS Regulators Forum: IFRS Update & Climate Financial Risks Matters

The world is seeing growing challenges that are affecting the real – and the financial economy, including banking and insurance companies. In the last two years, countries in Europe and Central Asia (ECA) are seeing the gains of ten years of reform and investment for inclusive growth and shared property drastically diminished by the Covid-19 pandemic, adverse climate events, and the war in Ukraine; these events have been disrupting supply chains and led more recently to rapid changes in prices of energy, food, and commodities, leading to inflation and rising interest rates.

Contributing to financial stability: Encouraging greater dialogue between key players in the banking sector

Story Highlights

  • When supervisors and external auditors of financial institutions collaborate, they can both do their jobs better and ensure greater transparency and soundness in the financial system.
  • The World Bank organizes events and offers publications and tools to help supervisors and external auditors in the banking and insurance sectors communicate better and work together.
  • To support this important collaboration, the World Bank held the Supervisors' Exchange Forum in Vienna, Austria, in September 2016 where it introduced the