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first_img“The federal council intends to hold further discussions by the end of the year on the issue of whether and how the financial market should be regulated,” the government said. “The basic aim is to determine the framework conditions that will enable the Swiss financial centre to be competitive in the area of sustainable finance.”The working group will also be asked to target the conclusion of industry agreements with financial market players. The government said these should lead to increased transparency and a voluntary industry commitment to a representative participation in portfolio climate alignment tests “with a view to achieving specific targets”.“The aim is to strengthen competitiveness so that customers and investors can be offered clear information and thus decision-making options,” the government said in a statement. “Dialogue with the industry will be intensified to this end.”In 2017, a government-sponsored assessment of participating pension funds’ investment portfolios found that these were on average in line with global warming of 6°C above pre-industrial levels by the end of this century.The government is offering these free tests again this year, this time also inviting banks and asset managers to take part. The Swiss government is to set up a working group on sustainable finance, tasked with considering the implications for Switzerland of the European Commission’s action plan.It is also supposed to carry out work to inform decisions about Switzerland’s participation in international initiatives such as the Coalition of Finance Ministers for Climate Action, which was launched in April.The working group has yet to be set up, but IPE understands it will comprise members of the Swiss federal administration, with private sector and other interested parties when necessary. It is to be headed by the state secretariat for international finance, a unit of the federal finance ministry, and work closely with the environment department.The working group will be asked to report back to the cabinet by spring next year at the latest with proposals for the Swiss financial market.last_img read more


first_imgThe Super Falcons are set to consolidate when they take on Senegal’s Teranga Lionesses in 2016 Africa Women Cup of Nations second qualifying match at the Abuja National Stadium today.Both teams battled to a 1-1 draw in Dakar last Friday.The Super Falcons boast a fearsome strike-force of Asisat Oshoala, Desire Oparanozie, Francisca Ordega and Chioma Wogu, with nimble-footed midfielder Ngozi Okobi also always a threat. NFF confirmed the arrival of the Confederation of African Football (CAF) appointed match officials yesterday.Zalikatou Traore Diallo from Guinea is the match commissioner with Veronique Ike Ngomba from Congo as referee. Another Congolese, Julie Kyabuta Kanyembo will be the first assistant while Sacle Marthe Sakobo is the second assistant referee.CAF has replaced Gabonese official Patricia Obiang Obone, who was slated to be the reserve referee, but could not make it. CAF has replaced her with Nigerian official Foluso Ajayi.NFF General Secretary, Dr. Mohammed Sanusi personally welcomed the officials to the match coordination meeting at the NFF Secretariat in Abuja yesterday afternoon, assisted by the Acting Director of Competitions, Mr. Bola Oyeyode and the Assistant Director (Communications), Mr. Ademola Olajire.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more