Transnational Bodies

EU Pushes for Lower Global Bank Capital Requirements

November 16, 2016

Reuters reports that European regulators are warning that proposed global standards from the Basel Committee on Banking Supervision, a global banking regulator, on how banks must calculate the capital they set aside to reduce the risk of taxpayer bailouts, would discourage European lending and favor US banks.
WTO Criticizes Non-Compliance on Subsidy Notifications

November 07, 2016

The Chair of the World Trade Organization’s Committee on Subsidies and Countervailing Measures, Jin-dong Kim, has warned of widespread non-compliance with the WTO's rules requiring notification of domestic subsidy programs.
Indian President Lauds Global Governance System

November 01, 2016

In recent remarks in New Delhi, President of India Shri Pranab Mukherjee argued that the need for mechanisms of global governance extends beyond global security issues to include systems addressing poverty, health, and "exploitation" of natural resources.
BRICS Faces Challenges in Global Governance Goals

October 26, 2016

Cary Huang of the South China Morning Post writes that slow economic growth and competing political and geostrategic goals may dampen the efforts of the BRICS countries - Brazil, Russia, India, China, and South Africa - to provide a legitimate alternative to long-running, Western-oriented systems of global governance.
Development Banks Push UN Social, Climate Agendas

October 26, 2016

At the recent UN "Habitat III" conference in Ecuador on global urban policy, the World Bank and seven other multilateral development banks pledged their commitment to funding "equitable, sustainable, and productive urbanization" programs to support the UN's economic equality and environmental agendas.
OECD Calls for "Inclusive Growth" Policies in Cities

October 25, 2016

The Organisation for Economic Co-operation and Development has released a report calling for more policy measures, including "housing allowances to make access to housing fairer" and linked transport and housing policies, to reduce economic inequality in urban areas.
OECD Official Pushes Economic Equality Measures

October 25, 2016

In remarks to the Council of Europe's Parliamentary Assembly, Deputy Secretary General of the Organisation for Economic Co-operation and Development Mari Kiviniemi called for governments to create "more inclusive societies where the benefits of growth are more equally shared” in order to address unemployment and slow productivity growth.
Mayors Set up "Global Parliament" on Urban Challenges

October 24, 2016

Reuters reports that, prior to the UN's "Habitat III" conference in Ecuador, approximately 60 mayors from cities around the world have agreed to create what they call a "global parliament" to decide policy solutions to issues facing urban areas, including economic inequality, migration, affordable housing, and the impacts of climate change.
BRICS Explores Establishment of Credit-Rating Agency

October 24, 2016

Complaining of low sovereign credit scores by US-based rating agencies, officials from the BRICS group of countries - Brazil, Russia, India, China, and South Africa - have pledged to explore the establishment of a BRICS credit-rating agency, built "on the principles of fairness and equity," to advance the group's efforts in the global governance of finance.
Development Banks Release Comprehensive SDG Agenda

October 19, 2016

The International Monetary Fund and a group of major multinational development banks, including the World Bank, have published a statement in which they pledge to work toward a comprehensive agenda toward fulfilling the UN Sustainable Development Goals for the year 2030, including by creating "green" pathways for their future finance operations.