Comments & Position Papers

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Basel Committee on Banking Supervision

Revisions to the Annex on Correspondent Banking

World Council supports the Basel Committee’s efforts to update its correspondent banking guidance to help address “de-risking” and incorporate the Financial Action Task Force’s recently updated interpretive note on correspondent banking anti-money laundering/countering the financing of terrorism (AML/CFT) standards.
(2017-Feb-23)

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Financial Action Task Force (FATF):

Proposed Guidance on Correspondent Banking

World Council provides a Consultative Document to FATF regarding their Consultation of the Private Sector on Correspondent Banking.
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(2016-08-05)

International Accounting Standards Board (IASB)

IFRS 9 Loan Loss Accounting for Cooperative Financial Institutions

World Council comments to IASB regarding their International Financial Reporting Standard (IFRS) 9 Financial Instruments
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(2016-12-19)

 
 


Global Partnerships for Financial Inclusion

Global Standard Setting Bodies and Financial Inclusion

World Council comments to GPFI regarding their Global Standard-Setting Bodies and Financial Inclusion: The Evolving Landscape
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(2016-Jan 29)

U.S. Internal Revenue Service

Residence Based Taxation and the Foreign Account Tax Compliance Act (FATCA)

Credit Union National Association and World Council endorse Foreign Account Tax Compliance Act (FATCA)
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(2014-July 18)

Proposed Regulation to Implement the Foreign Account Tax Compliance Act (FATCA)

World Council comments on the US IRS notice of proposed rulemaking to implement the Foreign Account Tax Compliance Act (FATCA)
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(2012-April 30)

Financial Stability Board

Adequacy of loss-absorbing capacity of global systemically important banks in resolution

World Council comments to the Financial Stabilty Board regarding their Adequacy of loss-absorbing capacity of global systemically important banks in resolution consultative document
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(2015-Feb 2)