While the macroprudential framework for the banking sector has been in place for several years, its equivalent for non-bank financial institutions is still emerging. This panel discussion on macroprudential policy beyond banking will be particularly relevant in light of the review of the macroprudential framework for non-banks that the European Commission is conducting in 2024.
Chair: Luis de Guindos, Vice-President, European Central Bank
Panellists:
Petra Hielkema, Chair, EIOPA
Steffen Kern, Chief Economist, ESMA
Javier Suarez, Professor, Centre for Monetary and Financial Studies, Member of the ESRB Advisory Scientific Committee
Dimitrios Tsomocos, Professor and Fellow by Special Election, University of Oxford
Krista Belén Rivas Gutiérrez, Regional Leader of the Tertiary Refugee Student Network (TRSN) in Latin America, explains how people on the move contribute to progress in society as a whole. A youth representative for the United Nations High Commissioner for Refugees (UNHCR), she says refugees joining forces with governments and other partners will benefit all.
This panel discussed systemic liquidity risk, highlighting how market and funding strains can affect the financial system, often necessitating intervention from central banks and authorities. The panel explored methods for detecting and addressing vulnerabilities proactively, and strategies for mitigating the impact if such risks materialise.
Chair: Stephen Cecchetti, Professor, Brandeis International Business School, Vice-Chair of the ESRB Advisory Scientific Committee
Panellists:
Linda Goldberg, Financial Research Adviser, Federal Reserve Bank of New York
Rafael Repullo, Professor, Centre for Monetary and Financial Studies
Hyun Song Shin, Economic Adviser, Bank for International Settlements
The ESRB’s Advisory Scientific Committee awards the Ieke van den Burg prize to recognise outstanding research conducted by young scholars on a topic related to the ESRB’s mission. Tsvetelina Nenova presented her paper “Global or Regional Safe Assets: Evidence from Bond Substitution Patterns”, which has won the 2024 Edition of the prize.
Chair: Loriana Pelizzon, Professor, SAFE/Goethe University, Vice-Chair of the ESRB Advisory Scientific Committee
Winner: Tsvetelina Nenova, Economist, Bank for International Settlements
Welcome address
Pablo Hernández de Cos, Chair of the Advisory Technical Committee, and former Governor of Banco de España.
Pablo Hernández de Cos, in his capacity as Chair of the ESRB Advisory Technical Committee, and former Governor of Banco de España, opened the second day of the conference (pre-recorded).
Keynote speech by Olli Rehn, ESRB First Vice-Chair, Governor of Suomen Pankki.
This panel discussion aims to explore how AI is reshaping the landscape of financial stability and systemic risk, from the perspective of industry practitioners and academics. The panel addressED both opportunities and challenges that lie ahead in integrating advanced AI technologies within Europe’s financial system.
Chair: Andréa Maechler, Deputy General Manager, Bank for International Settlements
Panellists:
Zanna Iscenko, Principal Economist, Google
Sudeep Kesh, Chief Innovation Officer, S&P Global Ratings
Robin Lumsdaine, Professor, American University, Member of the ESRB Advisory Scientific Committee
Dirk Zetzsche, Professor, University of Luxembourg
Source: United States of America – Department of State (video statements)
Secretary of State Antony J. Blinken hosts a Ministerial on Addressing the Urgent Situation in Venezuela in New York City, New York, on September 26, 2024.
The Secretary of State, appointed by the President with the advice and consent of the Senate, is the President’s chief foreign affairs adviser. The Secretary carries out the President’s foreign policies through the State Department, which includes the Foreign Service, Civil Service and U.S. Agency for International Development.
The famous Wall Street bell: symbol of an institution that powers US economic growth since 1792. Europe is working on its own powerful model to offer its businesses the financing opportunities they need. We call it the Savings and Investment Union. It chimes with growth!
Nature is increasingly integral to business decision-making, with more than half of the world’s GDP reliant on its resources.
From assessing nature-related risks to investing in sustainable practices that drive growth, what nature-positive strategies are private sector actors embracing as core elements of their business models?
Source: United States Department of Justice (video statements)
In honor of Hispanic Heritage Month, Assistant Attorney General Kristen Clarke of the Justice Department’s Civil Rights Division delivers remarks to highlight the Division’s work to protect the civil rights of all Americans.
Source: United States of America – Department of State (video statements)
Secretary of State Antony J. Blinken meets with Kenyan President William Ruto in New York City, New York, on September 26, 2024.
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Under the leadership of the President and Secretary of State, the U.S. Department of State leads America’s foreign policy through diplomacy, advocacy, and assistance by advancing the interests of the American people, their safety and economic prosperity. On behalf of the American people we promote and demonstrate democratic values and advance a free, peaceful, and prosperous world.
The Secretary of State, appointed by the President with the advice and consent of the Senate, is the President’s chief foreign affairs adviser. The Secretary carries out the President’s foreign policies through the State Department, which includes the Foreign Service, Civil Service and U.S. Agency for International Development.
Source: United States of America – Department of State (video statements)
Secretary of State Antony J. Binken meets with Bangladeshi Chief Advisor and Head of the Interim Government Muhammad Yunus in New York City, New York, on September 26, 2024.
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Under the leadership of the President and Secretary of State, the U.S. Department of State leads America’s foreign policy through diplomacy, advocacy, and assistance by advancing the interests of the American people, their safety and economic prosperity. On behalf of the American people we promote and demonstrate democratic values and advance a free, peaceful, and prosperous world.
The Secretary of State, appointed by the President with the advice and consent of the Senate, is the President’s chief foreign affairs adviser. The Secretary carries out the President’s foreign policies through the State Department, which includes the Foreign Service, Civil Service and U.S. Agency for International Development.
Source: United States of America – Department of State (video statements)
Secretary of State Antony J. Blinken meets with Armenian Foreign Minister Ararat Mirzoyan and Azerbaijani Foreign Minister Jeyhun Bayramov in New York City, New York, on September 26, 2024.
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Under the leadership of the President and Secretary of State, the U.S. Department of State leads America’s foreign policy through diplomacy, advocacy, and assistance by advancing the interests of the American people, their safety and economic prosperity. On behalf of the American people we promote and demonstrate democratic values and advance a free, peaceful, and prosperous world.
The Secretary of State, appointed by the President with the advice and consent of the Senate, is the President’s chief foreign affairs adviser. The Secretary carries out the President’s foreign policies through the State Department, which includes the Foreign Service, Civil Service and U.S. Agency for International Development.
The Army Mission – our purpose – remains constant: To deploy, fight and win our nation’s wars by providing ready, prompt & sustained land dominance by Army forces across the full spectrum of conflict as part of the joint force.
Interested in joining the U.S. Army?
Visit: spr.ly/6001igl5L
Source: United States of America – Department of State (video statements)
Secretary of State Antony J. Blinken hosts a Ministerial on Addressing the Urgent Situation in Venezuela in New York City, New York, on September 26, 2024.
———-
Under the leadership of the President and Secretary of State, the U.S. Department of State leads America’s foreign policy through diplomacy, advocacy, and assistance by advancing the interests of the American people, their safety and economic prosperity. On behalf of the American people we promote and demonstrate democratic values and advance a free, peaceful, and prosperous world.
The Secretary of State, appointed by the President with the advice and consent of the Senate, is the President’s chief foreign affairs adviser. The Secretary carries out the President’s foreign policies through the State Department, which includes the Foreign Service, Civil Service and U.S. Agency for International Development.
Source: United States of America – Federal Government Departments (video statements)
The Department of Health and Human Services (HHS) Office of Intergovernmental and External Affairs (IEA) host a briefing on Maternal Health policies and programs. Speakers included senior officials and subject matter experts from the Centers for Disease Control (CDC), the Health Resources and Services Administration (HRSA), the Substance Abuse and Mental Health Services Administration (SAMHSA), the National Institute of Health (NIH), the Office of the Assistant Secretary for Health (OASH), and Centers for Medicare and Medicaid Services (CMS), and others. For more information, contact the Office of Intergovernmental and External Affairs at partnerwithus@hhs.gov for more information.
Source: United States of America – Federal Government Departments (video statements)
Watch the launch of NASA’s SpaceX #Crew9, the first human spaceflight mission to launch from Space Launch Complex 40 at Cape Canaveral Space Force Station in Florida. Liftoff on Saturday, Sept. 28 is set for 1:17 p.m. EDT (1717 UTC). The Dragon spacecraft will carry NASA astronaut Nick Hague and Roscosmos cosmonaut Aleksandr Gorbunov to the International Space Station for a science mission of approximately five months. This will be Hague’s second mission to the orbiting laboratory, and Gorbunov’s first spaceflight.
Hague and Gorbunov will fly to the space station as commander and mission specialist, respectively. NASA astronauts Butch Wilmore and Suni Williams, who launched aboard the Starliner spacecraft in June, will fly home with Hague and Gorbunov in February 2025.
Meet Tango and his handler, Security Officer Noelia Fernandez, who together with a unit of a dozen other K-9 teams ensure the safety and security of UN premises and of all those who enter. UNDSS provides security expertise to all United Nations Security Management System entities, to enable the planning and safe conduct of mandates, missions, activities and programmes of the United Nations system, while ensuring the safety and security of personnel and the security of United Nations premises and assets. UNDSS is where UN operates in 131 countries. Security is crucial to all UN programmes, so UNDSS works wherever the UN has a footprint.
Young climate activist from Tuvalu, Ms. Grace Malie, and NASA scientist, Dr. Nadya Vinogradova Shiffer, discuss the impacts of sea level rise for the High-Level Meeting on Sea Level Rise during the UN General Assembly. The second story of IN FOCUS series of UNGA79.
Faure Essozimna Gnassingbé, President of the Togolese Republic, addresses the General Debate of the 79th Session of the General Assembly of the United Nations (New York, 24 – 30 September 2024).
World leaders gather to engage in the annual high-level General Debate under the theme, “Unity and diversity for advancing peace, sustainable development, and human dignity, everywhere and for all.” Heads of State and Government and ministers will explore solutions to intertwined global challenges to advance peace, security, and sustainable development.
The UN General Assembly (UNGA) is the main policy-making organ of the Organization. Comprising all Member States, it provides a unique forum for multilateral discussion of the full spectrum of international issues covered by the Charter of the United Nations. Each of the 193 Member States of the United Nations has an equal vote.
مشاهدة هذا الفيديو باللغة العربية على موقع البث الشبكي للأمم المتحدة
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Briefing by United Nations Secretary-General, Mr. António Guterres, on Leadership for peace: united in respect of the UN Charter, in search of a secure future – Security Council, 9732nd meeting.
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Mr. President, Excellencies,
I thank the government of Slovenia for convening this high-level debate on Leadership for Peace.
The topic is rooted in a fundamental truth: Peace is never automatic.
Peace demands action.
And peace demands leadership.
Instead, we’re seeing deepening geo-political divisions and mistrust.
Impunity is spreading, with repeated violations of international law and the UN Charter.
Conflicts are multiplying, becoming more complex and deadlier.
All regions are affected.
And civilians are paying the steepest price.
From Gaza to Ukraine to Sudan and beyond — wars grind on, suffering grows, hunger deepens, lives are upended, and the legitimacy and effectiveness of the United Nations, and this Council, are undermined.
Mr. President, Excellencies,
Leadership for peace requires action in at least two key areas.
First — leadership for peace means all Member States living up to their commitments in the UN Charter, in international law and in recent agreements such as the Pact for the Future.
Among other things, the Pact calls for strengthening tools and frameworks to prevent conflict, sustain peace and advance sustainable development, with the full, equal and meaningful participation of women.
It calls for updating our tools for peace operations to allow for more agile, tailored responses to existing, emerging and future challenges.
It reinforces the commitment to all human rights — civil, political, economic, social and cultural.
It includes initiatives around disarmament, peacebuilding, and managing threats posed by lethal autonomous weapons and artificial intelligence and in new domains, including outer space and cyberspace.
It calls for measures to quickly address complex global shocks.
And it contains a new push to reform key institutions of global governance, including the global financial architecture and this very Council.
The Pact is a down-payment on these reforms.
But we will need strong political will to implement them, and rebuild the legitimacy and effectiveness of this Council.
Which brings me to my second point about leadership for peace.
Leadership for peace means ensuring that the UN Security Council acts in a meaningful way to ease global tensions and help address the conflicts that are inflicting so much suffering around the world.
Geopolitical divisions continue to block effective solutions.
A united Council can make a tremendous difference for peace.
A divided Council cannot.
It is imperative that Council Members spare no effort to work together to find common ground.
And it has proven capable of doing so in some key areas.
From currently overseeing 11 peacekeeping operations on three continents, involving nearly 70,000 uniformed peacekeeping personnel…
To resolutions that help keep vital humanitarian aid flowing to the world’s hotspots…
To the landmark Resolution 2719, which provides for African-Union led peace support operations authorized by the Council to have access to UN assessed contributions…
To the groundbreaking Resolutions that recognized the clear implications of peace and security challenges on the lives of women and youth…
To this Council’s growing ties to regional and sub-regional organizations to foster consensus and peace.
These examples — and more — prove that forging peace is possible.
When we consider the most difficult and intractable conflicts on this Council’s agenda, peace can seem an impossible dream.
But I strongly believe that peace is possible if we stick to principles.
Peace in Ukraine is possible.
By following the UN Charter and abiding by international law.
Peace in Gaza is possible.
By sparing no effort for an immediate ceasefire, the immediate release of all hostages, and the beginning of an irreversible process towards a two-State solution.
Peace in Sudan is possible.
By sending a clear message to the warring parties that all Members of this Council — including the five permanent Members — will not tolerate the horrific violence and desperate humanitarian crisis being unleashed on innocent civilians.
Mr. President, Excellencies,
The situations on this Council’s agenda are complex and do not have quick fixes.
But the scale of the challenge should not deter us.
Our only hope for progress on peace is active collaboration and unity among Council Members.
Today, I call on all Members to live up to this great responsibility, and to the promise of the UN Charter.
Contribute to this Council’s success — not its diminishment.
Let’s ensure that this Council serves as an effective and representative forum for peace — today and in the years to come.
José Raúl Mulino Quintero, President of the Republic of Panama, addresses the General Debate of the 79th Session of the General Assembly of the United Nations (New York, 24 – 30 September 2024).
World leaders gather to engage in the annual high-level General Debate under the theme, “Unity and diversity for advancing peace, sustainable development, and human dignity, everywhere and for all.” Heads of State and Government and ministers will explore solutions to intertwined global challenges to advance peace, security, and sustainable development.
The UN General Assembly (UNGA) is the main policy-making organ of the Organization. Comprising all Member States, it provides a unique forum for multilateral discussion of the full spectrum of international issues covered by the Charter of the United Nations. Each of the 193 Member States of the United Nations has an equal vote.
مشاهدة هذا الفيديو باللغة العربية على موقع البث الشبكي للأمم المتحدة
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Sylvanie Burton, President of the Commonwealth of Dominica, addresses the General Debate of the 79th Session of the General Assembly of the United Nations (New York, 24 – 30 September 2024).
World leaders gather to engage in the annual high-level General Debate under the theme, “Unity and diversity for advancing peace, sustainable development, and human dignity, everywhere and for all.” Heads of State and Government and ministers will explore solutions to intertwined global challenges to advance peace, security, and sustainable development.
The UN General Assembly (UNGA) is the main policy-making organ of the Organization. Comprising all Member States, it provides a unique forum for multilateral discussion of the full spectrum of international issues covered by the Charter of the United Nations. Each of the 193 Member States of the United Nations has an equal vote.
مشاهدة هذا الفيديو باللغة العربية على موقع البث الشبكي للأمم المتحدة
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Bassírou Diomaye Diakhar Faye, President of the Republic of Senegal, addresses the General Debate of the 79th Session of the General Assembly of the United Nations (New York, 24 – 30 September 2024).
World leaders gather to engage in the annual high-level General Debate under the theme, “Unity and diversity for advancing peace, sustainable development, and human dignity, everywhere and for all.” Heads of State and Government and ministers will explore solutions to intertwined global challenges to advance peace, security, and sustainable development.
The UN General Assembly (UNGA) is the main policy-making organ of the Organization. Comprising all Member States, it provides a unique forum for multilateral discussion of the full spectrum of international issues covered by the Charter of the United Nations. Each of the 193 Member States of the United Nations has an equal vote.
مشاهدة هذا الفيديو باللغة العربية على موقع البث الشبكي للأمم المتحدة
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