Advocating for Financial Cooperatives


Limiting regulatory burden at the global level

 

In today’s regulatory environment, many financial rules are set at the international level.

National regulators often have limited discretion to deviate from international standards once they are finalized.   

World Council’s advocacy efforts have succeeded in reducing regulatory burdens associated with international financial regulatory standards in many areas such as prudential regulation, anti-money laundering, taxation and accounting standards. 

World Council advocates before international standard setting bodies on behalf of the global financial cooperative movement, including the Basel Committee on Banking Supervision, the Financial Action Task Force, the International Accounting Standards Board and the Financial Stability Board.

World Council’s recent policy successes include:

 

Global Standard Setting Bodies


World Council maintains an engaged stakeholder relationship with the following organizations to influence global standards

Bank for International Settlements (BIS) Basel Committee on Banking Supervision

International Accounting Standards Board (IASB)

Financial Action Task Force (FATF)

Group of 20 (G20)

Financial Stability Board (FSB)

European Union (EU)

Global Partnership for Financial Inclusion (GPFI)

United Nations (UN)

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