Like the OECD we are committed to a global tax system which avoids both double non-taxation and double or multiple taxation. We acknowledge the comments made by the OECD that banking activities are not the target of potential taxes aimed at the provision of digital products and services across borders. We note that consideration is being given to equalisation and withholding taxes. We advocate that banks should not be required to act as withholding agents in relation to any withholding taxes. IBFED Response to OECD_27 November 2017
Continue ReadingIBFed Response to IOSCO on Secondary Corporate Bond Markets
The IBFed appreciates the opportunity to provide comments to the IOSCO consultation report entitled, Regulatory Reporting and Public Transparency in the Secondary Corporate Bond Markets (Report). The Report states that IOSCO undertook this report as part of its mandate to examine the global corporate bond markets, specifically focusing on issues related to regulatory reporting, transparency, and the collection and comparison of data across national jurisdictions. Response to IOSCO Secondary Corporate Bond Markets, 16 Oct 2017
Continue ReadingIBFed Response to the BCBS and IOSCO on securitisations
The IBFed welcomes the guidance for home and host authorities to implement internal TLAC so that incentives to ring-fence assets domestically are reduced, thereby allowing consistency with the resolution strategy of the G-SIB, and ensuring the credibility of resolution.
Continue ReadingJoint response to Consultative Document “Identification and management of step-in risk”
Joint response letter of the Institute of International Finance (IIF), the International Banking Federation (IBFed), the Global Financial Markets Association (GFMA), the CRE Finance Council (CRECF) and the Commercial Real Estate Finance Council (CREFC) Europe…
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