The Second Committee of the General Assembly serves as a platform for multilateral negotiation on issues relating to economic growth and development such as macroeconomic problems, financing for development, sustainable development, human settlements, poverty eradication, globalization and interdependence. The committee also considers issues relating to groups of countries in special situations, such as Least Developed Countries and Landlocked Developing Countries.

Topics:

The question of an international financial regulatory framework for banking institutions
The third and latest of the Basel Accords was finalised on 1st June 2011 by the Basel Committee on Banking Supervision. The Basel III Accord has updated and adjusted financial requirements of signatory states focussing on bank liquidity and bank leverage. Such a move provides delegates the opportunity to debate the effectiveness and legitimacy of international financial regulatory frameworks for banking institutions.

Consideration of the outcome of the second topic of the Senior Management Committee.
The United Nations’ finances are sourced and distributed in a diverse, intricate and exceptionally far-reaching manner. In order to assess, allocate and budget the UN resources, the United Nations Department of Management overseas a biennial budgetary review, which last occurred in October 2010. Delegates are encouraged to consider and discuss the outcome of the latest Management Committee meeting in regards to finance and the UN.

External links:

Official Second Committee website.