IBFed feedback to the IFRS Foundation on the Sustainability Reporting Consultation Paper

The IBFed supports the IFRS Foundation in their efforts to contribute to the development and maintenance of a global set of sustainability reporting standards. The Banking industry strongly supports efforts to establish a generally accepted international framework for sustainability reporting in order to promote consistency and comparability across organizations and reduce the potential for global fragmentation. IBFed Letter to IFRS_24 December 2020

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Comments on the FATF questionnaire on digital transformation

The IBFed’s comments to the Financial Action Task Force (FATF) focus on legal and regulatory barriers to the use of emerging technology for sharing information between regulated banking firms for AML / CFT purposes.  Financial crime information sharing is restricted in many different markets by a misalignment of AML / CFT intelligence needs and data privacy requirements.  We recommend that FATF work with partners to establish international policy roundtables to bring together national, regional and international authorities on AML/CFT and  data protection with the private sector. IBFed to FATF_Digital Transformation_7 Dec 2020

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