The International Centre for Financial Regulation (ICFR) (2009–12) was a UK-based

non-partisan Nonpartisanism is a lack of affiliation with, and a lack of bias towards, a political party. While an Oxford English Dictionary definition of ''partisan'' includes adherents of a party, cause, person, etc., in most cases, nonpartisan refers s ...

organisation focused entirely on financial regulation that operated between 2009 and 2012.

History

IFCR was the product of a collaboration between a number if international financial services institutions and the UK Government. The ICFR wanted to provide research, events and training on financial regulation whilst also acting as a catalyst for dialogue, thought leadership and scholarship in this critical area. The ICFR’s stated focus was to "shape regulatory thinking that not only addresses – but also anticipates – the evolution of

financial markets A financial market is a market in which people trade financial securities and derivatives at low transaction costs. Some of the securities include stocks and bonds, raw materials and precious metals, which are known in the financial ma ...

at a global level, to bring consistency and cooperation between global regulators and policy makers through pro-active discussions, working groups and long-term research." The Centre also meant to support practical training initiatives on best practice and the latest regulatory changes both in developed and emerging markets. It was put into administration in late 2012, as a member of the management had been suspended after a "substantial" sum of money "appeared to have been removed from the organisation’s bank accounts" without the permission of the centre's board. On 21 January 2014, the ICFR's Chief Operating Officer Charles Taylor appeared at City of London Magistrates' Court charged with fraud by abuse of position in relation to the internal theft of almost £600,000 and false accounting. Taylor committed suicide in September 2015.

Structure

;Board members * David Currie – Chairman * Barbara Ridpath – Chief Executive * Non-Executive Directors: Michel Prada, Stuart Overend, Charles Taylor ;Stakeholders of the ICFR *

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* Aviva *

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* Citigroup * Goldman Sachs International * HSBC *

JP Morgan JPMorgan Chase & Co. is an American Multinational corporation, multinational Investment banking, investment bank and financial services holding company headquartered in City of New York, New York City and Delaware General Corporation Law, inco ...

* Bank of America Merrill Lynch *

Morgan Stanley Morgan Stanley is an American multinational investment management and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in more than 41 countries and more than 75,000 employees, the fir ...

Prudential plc Prudential plc is a British multinational insurance company headquartered in London, England. It was founded in London in May 1848 to provide loans to professional and working people. Prudential has dual primary listings on the London Stock E ...

* Standard Chartered * 3i * UBS *

City of London Corporation The City of London Corporation, officially and legally the Mayor and Commonalty and Citizens of the City of London, is the municipal governing body of the City of London, the historic centre of London and the location of much of the United King ...

* Her Majesty’s Government *

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Deloitte Deloitte Touche Tohmatsu Limited (), commonly referred to as Deloitte, is an international professional services network headquartered in London, England. Deloitte is the largest professional services network by revenue and number of professio ...

* Clifford Chance

References

External links

ICFR website
{{DEFAULTSORT:International Centre For Financial Regulation Financial regulation

History

Structure

References

Further reading

See also

External links