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       Posted on April 30th, 2012

Extraterritorial legislation: the problems posed for markets, clients and regulators – Joint associations comments to the US Department of Treasury and the European Commission

GFMA, the International Banking Federation (IBFed), the International Swaps and Derivatives Association (ISDA), and The Financial Services Roundtable (FSR) provide comments to the U.S. Department of Treasury and the European Commission, in advance of the G-20 meeting, on the problems that extraterritorial legislation poses for markets, clients and regulators. While groups welcome the [...]


       Posted on March 26th, 2012

IBFed comments on supervision of financial conglomerates

IBFed has broadly welcomed the development of Basel Committee principles for the supervision of financial conglomerates. The response, however, calls for a more formal approach to the designation of group-level supervisors to coordinate the oversight of internationally active groups. The choice of the group supervisor should be based on objective criteria and backed-up [...]


       Posted on October 31st, 2011

IBFed letter to G20

IBFed wrote to a number of senior figures ahead of the G20 summit to be held in Cannes in November.

While welcoming the focus of the G20 on the reform of the financial markets and the ongoing commitment to delivering coordinated solutions, IBFed urged the G20 leaders to identify their priorities and agree to [...]


       Posted on September 27th, 2011

IBFed response to the FATF Fourth Round of Mutual Evaluations paper

IBFed has responded to the Financial Action Task Force (FATF) on their second public consultation on the Fourth Round of Mutual Evaluations. While welcoming the FATF’s collaboration with the private sector and the changes made since the first consultation paper, IBFed submitted comments in order to supplement those provided in January 2011. In [...]


       Posted on September 25th, 2011

Trade associations Letter on Legal Entity Identifier

IBFed has joined fourteen trade associations has written to the G20 Finance Ministers to update them on the industry’s contribution to the global effort to develop a uniform and global legal entity identifier (LEI). The associations are determined to continue to work closely with policy makers, regulators, supervisors and central banks to develop [...]


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