Global Risks 2013 by numbers The Global Risks 2013 report , which captures how experts see the most important risks afflicting the world over the next ten years, is stuffed full of facts, figures and graphics. You can sift through the findings in our data explorer , which lets you filter how global risks are seen by region, age and gender, among other criteria. Browse this map showing the top three risks around the world in terms of impact, and check out the list below of figures which shed light on the report’s methodology as well as some of the many facets of a world at risk. Global Risks 2013 Image: An investor is seen in front of an electronic board with stock information REUTERS/Stringer Shanghai China’s commitment to a green agenda Rhetoric on the need to “green” China’s economy is nothing new: nearly two decades ago, the Chinese government called for transformation of its economic growth model; ten years ago, its leaders promised fresh air, clean water, and safe food. Today, little has changed: the country’s environment has continued to deteriorate, and these targets remain beyond reach. Yet willingly or unwillingly, China’s new leadership must deal with the imminent and daunting challenges of the country’s environmental degradation and its frightening impact on human health. Unlike their predecessors, President Xi Jinping and Premier Li Keqiang must build and leave a legacy of greening the world’s second-largest economy. Times have changed. The new reality for the country’s political leaders is that environmental quality is becoming inseparable from the issue they have long prioritized: economic growth. First, China’s central government must tighten existing environmental regulations. About the author
La bombe à retardement climatique fait trembler Davos Ce qui restait jusqu'à présent le credo de certains écologistes férus d'économie et de plus rares économistes (dont Joseph Stiglitz ou Nicholas Stern) ouverts aux thèses environnementales, pénètre le saint des saints de l'économie mondiale. Alors que la plupart des acteurs économiques, gouvernements, financiers, chefs d'entreprises et consommateurs confondus prennent prétexte de la crise économique pour repousser les investissements nécessaires au traitement de la crise environnementale, l'étude consacrée aux risques, publiée en amont du sommet de Davos, démontre que cette attitude ne fait qu'aggraver les choses. Et que c'est précisément de la collision entre les deux crises que pourraient découler les plus grands dangers de ces prochaines années. Le cortège des crises liées au changement climatique 2% de PIB américain en moins sur les 20 prochaines années La perte en termes de PIB s'élèverait à 2% sur les 20 prochaines années, selon l'ONG américaine DARA.
Les banques doivent améliorer la connaissance de l'ensemble de leurs risques Pour pallier les défaillances des banques en matière d’agrégation de données sur le risque et de reporting, le Comité de Bâle sur la supervision bancaire (Banque des règlements internationaux, BRI) a édicté début janvier 14 principes très concrets. Leur mise en œuvre « renforcera la gestion des risques au sein des banques, particulièrement les G-SIBs (Global systemically important banks), et ainsi leur aptitude à faire face à des situations de stress et de crises », a souligné le Comité bancaire. «Ces principes constituent un pas en avant significatif et contribueront aussi à résoudre la question des G-SIBs’, et ainsi à réduire le recours potentiel aux contribuables », a commenté Stefan Ingves, président du Comité de Bâle et gouverneur de la Sveriges Riksbank. Selon les principes que le Comité de Bâle veut faire appliquer: -Les banques devront se doter de « dispositifs de gouvernance solides» dont dépendront les capacités d’agrégation du risque et les pratiques de reporting.
Microsoft Asia-Pacific head moves to Australia Post Microsoft vice-president for Asia-Pacific Tracey Fellows has left her posiotion to join Australia Post. She will take up the position of Australia Post executive general manager for the company's new communications management services division, which combines Australia Post's mail services and eServices business units. The news was first reported by the AFR. Fellows had previously been the managing director of Microsoft Australia for four years. In December 2010, she was promoted to her Asia-Pacific role, based in Singapore. "Tracey's background in technology and her strong sales and marketing experience, working closely with large enterprises and government agencies, made her the standout candidate," an Australia Post spokesperson said. She is the first executive general manager appointed by the government-owned postal service, and will begin her new role in mid to late February. Prior to working at Microsoft, Fellows worked for Dell.
Singapore Haze: Discontent Rises The severity of the haze from Indonesian forest burning has prompted a growing chorus of complaints this year. By Kirsten Han for The Diplomat June 27, 2013 Facebook4 Twitter0 Google+2 LinkedIn1 Although a bustling, densely populated city-state, Singapore has nonetheless managed to maintain a reputation for having relatively clean air. Not this year, though, as the Pollutant Standards Index (PSI) climbs higher than ever before. It’s all anyone can talk about. Stop work orders With the smog hitting record levels, people have been advised not to remain outdoors for long periods of time. Despite this, the government has yet to issue an official “stop work” order, and many construction workers – most of them low-paid migrant workers from Bangladesh, India or China – are still toiling away in hazardous conditions. Concerned about the well-being of these workers, some Singaporeans have taken it upon themselves to do whatever they can to alleviate the situation.
Insurer: Hey, these climate-related disasters are getting expensive There is no industry less enthusiastic about climate change than the insurance industry. After all, if something bad happens to a house or a business or a person, it’s the one that has to pay out — and its entire business model is predicated on minimizing how often it has to pay out. More and more floods and fires and derechos and who-knows-what means more and more checks flowing out of corporate headquarters. Not a pleasant prospect. Munich Re is a reinsurance company, a company that insures insurers. The report finds that weather disasters in North America are among the worst and most volatile in the world: “North America is the continent with the largest increases in disasters,” says Munich Re’s Peter Roder.The report focuses on weather disasters since 1980 in the USA, Canada, Puerto Rico and the U.S. That last point is remarkable: a fourfold increase in disaster-related losses. But, then, it’s easy to be skeptical when your economic interests aren’t on the line.
Autorité européenne des marchés financiers Un article de Wikipédia, l'encyclopédie libre. L'Autorité européenne des marchés financiers (ESMA - European Securities and Markets Authority) est une autorité de surveillance européenne indépendante, installée à Paris. Elle a remplacé, à compter du 1er janvier 2011, le Comité européen des régulateurs de marchés de valeurs mobilières (CESR - Committee of European Securities Regulators). Fonctionnement[modifier | modifier le code] En interne, le Conseil des Superviseurs ("Board of Supervisors" en anglais) prend les décisions et approuve le travail fait par l'ESMA, qui se situe aux niveaux 2, 3 et 4 de la régulation européenne. Le Conseil des Superviseurs est composé des dirigeants des 27 autorités de régulation nationales, plus des observateurs de l'Islande, du Liechtenstein, de la Norvège et de la Commission Européenne. Au sein de ce conseil, Comités permanents et Réseaux[modifier | modifier le code] Les Comités Permanents[modifier | modifier le code] Présidence: Giuseppe Vegas (Italie)
++ The Middle Kingdom and the Middle Income Trap - More education and more equity – How the experiences of South Korea and Mexico offer a guide to economic growth after a boom from low-skilled labor In recent years the world has recognized the existence of a middle income trap and the issue of whether China is headed toward such a predicament has attracted attention. The middle income trap occurs when a country's growth slows and eventually plateaus after reaching a middle income level. Perhaps the highest profile statement of this was issued jointly by the World Bank and the China Development Research Center. In addressing the sources of the middle income trap, discussion inside and outside of China frequently focus on several different sources. Certainly all of these are important. Transition from Middle to High Income The low wage rate in the 1980s and 1990s is one of the main reasons that China is the world's number one manufacturing base in the world today. But, China has not always been the world's factory.
Extra-territorial laws on haze being considered: Shanmugam Singapore is looking at introducing extra-territorial laws to penalise companies found responsible for contributing to the haze, Law Minister K. Shanmugam announced in Parliament on Monday. The Attorney-General is studying the option and considering "what legal options are available, if credible and usable evidence is received that Singapore-linked companies are involved", added Mr Shanmugam. He was responding to parliamentary questions filed by Mr Lim Biow Chuan (Mountbatten), the Workers' Party's Mr Pritam Singh (Aljunied GRC) and Nominated MP Eugene Tan on whether criminal sanctions and extraterritorial legislation could be used. Mr Shanmugam, who is also Foreign Minister, stressed, however, that the primary responsibility of taking action against companies lay with Indonesia. Singapore has sent a diplomatic note to Indonesia formally requesting evidence on whether Singapore-linked firms were involved in slash-and-burn practices that brought about the recent haze crisis.
Insurers Stray From the Conservative Line on Climate Change Photo If there were one American industry that would be particularly worried about it would have to be , right? From ’s devastating blow to the Northeast to the protracted drought that hit the Midwest Corn Belt, natural catastrophes across the United States pounded insurers last year, generating $35 billion in privately insured property losses, $11 billion more than the average over the last decade. And the industry expects the situation will get worse. “Insurance is heavily dependent on scientific thought,” Frank Nutter, president of the Reinsurance Association of America, told me last week. Yet when I asked Mr. Last week, scientists announced that the concentration of heat-trapping carbon dioxide in the atmosphere had reached 400 parts per million — its highest level in at least three million years, before humans appeared on the scene. The milestone puts the earth nearer a point of no return, many scientists think, when vast, disruptive climate change is baked into our future. Mr. Mr.