International Centre for Financial Regulation

The International Centre for Financial Regulation (ICFR) (2009–2012) was a non-partisan organisation focused entirely on financial regulation.[1]

It was the product of a collaboration between 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.[1] The ICFR’s stated focus was to "shape regulatory thinking that not only addresses – but also anticipates – the evolution of financial markets 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."[2] The Centre also meant to support practical training initiatives on best practice and the latest regulatory changes both in developed and emerging markets.[3]

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.[4][5]

On Jan 21st, 2014, 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.[6]

Structure

Board Members
Stakeholders of the ICFR

Notes & references

  1. ↑ 1.0 1.1 "ICFR launched". 13 January 2009. Retrieved 6 September 2012.
  2. ↑ ICFR research
  3. ↑ ICFR training catalogue
  4. ↑ http://www.ft.com/intl/cms/s/0/dc67ec98-5fe8-11e2-b128-00144feab49a.html#axzz2UNhGBgwi
  5. ↑ http://www.independent.co.uk/news/business/news/police-probe-into-financial-watchdog-after-money-goes-missing-8347670.html
  6. ↑ http://www.accountancylive.com/croner/jsp/Editorial.do?contentId=2910760&BV_UseBVCookie=yes&channelId=-601070

Further reading

See also

External links