Topics of WorkFinCoNet’s initial focus is on consumer credit and banking issues, aiming to strengthen consumer confidence while reducing systemic risks. Banking and credit in particular play such an important part in the lives of so many consumers that supervisory authorities must work together and support each other to help develop strong consumer protection frameworks. We are assessing the strengths and weaknesses of existing institutional arrangement models of supervisory authorities and identifying effective approaches that can assist financial consumer protection supervisors in carrying out their responsibilities. Looking to raise international standards, the organisation will also examine how supervisory tools can ensure responsible lending takes place. |
Members are currently considering:
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