FinCoNet

The September 2024 edition of the FinCoNet Newsletter has recently been published to the FinCoNet website. It features contributions from the Superintendencia de Bancos de la República Dominicana, ASIC, Central Bank of Eswatini, and CGAP. It also includes updates on the FinCoNet Annual General Meeting 2024 and the International Seminar, co-hosted with Superintendencia de Banca, Seguros y Administradoras de Fondos de Pensiones del Perú. The topic of the Seminar is Quality financial products: what are the roles of product oversight and SupTech? The Newsletter shares the news about FinCoNet’s new Vice-Chair, Mr. Frank Lofranco, Deputy Commissioner, Supervision and Enforcement, at the Financial Consumer Agency of Canada | Agence de la consommation en matière financière du Canada . Mr. Lofranco succeeds Mr. Yuji Yamashita of the Financial Services Agency of Japan, who stepped down in July 2024. The entire FinCoNet community offers many congratulations to Frank on this appointment. We hope you enjoy reading this edition of the Newsletter!

The June 2024 edition of the FinCoNet Newsletter has recently been published to the FinCoNet website (https://lnkd.in/e-hrG__T). It features contributions from Financial Markets Authority - New Zealand, Central Bank of Uzbekistan, National Bank of Rwanda (NBR), Autoriteit Financiële Markten (Netherlands), Banco de España, Central Bank of Ireland, Banca d'Italia, ASIC (Australia), FSCA South Africa, CNBS Honduras, Banco de Portugal, and IAIS - International Association of Insurance Supervisors . It also includes a save-the-date for the FinCoNet Annual General Meeting 2024 to be held in Lima, Peru hosted by Superintendencia de Banca, Seguros y Administradoras de Fondos de Pensiones del Perú, and it highlights key takeaways from recent FinCoNet Webinars and Online Workshops. We hope you enjoy reading it!

📢 NEW PUBLICATION 📢   FinCoNet just published the summary report of the International Seminar on Market Conduct Supervision in Challenging Times, which took place as part of FinCoNet’s Annual General Meeting in November 2023, hosted by Bank of Mauritius.   The Seminar, which featured opening remarks from the Governor of the Bank of Mauritius, discussed global financial and economic trends and their impact on consumers, financial services providers, market conduct supervisors and other oversight authorities. The first panel session included presentations from the Bank for International Settlements – BIS, University of Mauritius, FinMark Trust, and CGAP. The second panel session highlighted perspectives from FinCoNet Members from Bank of Mauritius, the Financial Markets Authority - New Zealand, the FSCA South Africa and the Financial Consumer Agency of Canada | Agence de la consommation en matière financière du Canada .   You can find the Seminar Report on the FinCoNet website, on the page dedicated to the 2023 Annual General Meeting: https://lnkd.in/eVB797uS, where you can also download the speakers’ presentations and bios.  

📰 NEW EDITION OF THE FINCONET NEWSLETTER 📰 The March 2024 edition of the FinCoNet Newsletter has recently been published to the FinCoNet website. It features contributions from CGAP, Superintendencia de Banca, Seguros y Administradoras de Fondos de Pensiones del Perú, Banco de España, and the Financial Services Regulatory Authority of Ontario (FSRA) (Canada). It also highlights key takeaways from the Joint Meeting of FinCoNet and the G20/OECD - OCDE Task Force on Financial Consumer Protection, and the International Seminar on Tackling Frauds and Scam, held in conjunction with the Launch of Global Money Week on 18-20 March 2024 in Paris, France. We hope you enjoy reading it! The latest edition of the newsletter, along with back issues dating to 2019, are available on the "Resources" page of the FinCoNet website: https://lnkd.in/e9KmwT8U

Members of FinCoNet’s Governing Council held an in-person meeting on the sidelines of last week’s Joint Meeting of the G20/OECD Task Force on Financial Consumer Protection and FinCoNet, held at the OECD - OCDE headquarters in Paris.   As FinCoNet’s governing body, the Governing Council is responsible for leading the organisation. There are currently eleven members on the Governing Council, representing authorities from: Australia (ASIC), Brazil (Banco Central do Brasil), Canada (Financial Consumer Agency of Canada | Agence de la consommation en matière financière du Canada ), Indonesia (Otoritas Jasa Keuangan), Ireland (Central Bank of Ireland), Italy (Banca d'Italia), Japan (Financial Services Agency, Japan (JFSA, 金融庁)), Portugal (Banco de Portugal), Rwanda (National Bank of Rwanda (NBR)), South Africa (FSCA South Africa) and Spain (Banco de España).   At its meeting last week, the Governing Council discussed FinCoNet’s progress against its 2023-2024 Programme of Work and received updates from the Secretariat regarding membership applications. The Governing Council also discussed plans for the 2024 Annual General Meeting, to be hosted by Superintendencia de Banca, Seguros y Administradoras de Fondos de Pensiones del Perú in Lima on 27-29 November 2024, in conjunction with an International Seminar on Financial Consumer Protection. To learn more about FinCoNet and its organisational structure, visit: https://lnkd.in/emTKHze8

In the month we celebrate Women, what a joy to repost the picture, taken during the 2024 GMW, of the chairs of International Network on Financial Education (INFE), G20/OECD Task Force on Financial Consumer Protection, and International Financial Consumer Organization (FinCoNet). Magda Bianco and Nisha Arora, it is always amazing working with you.

Policy makers on #financialconsumerprotection and #financialeducation gathered this week at the OECD-OCDE for the joint G20/OECD Task Force on Financial Consumer Protection and FinCoNet meetings, and for the OECD/FinCoNet International Seminar on “Tackling Financial Scams and Frauds”. At the same time, the Global Money Week, an international awareness global campaign on #financialliteracy for #children and #youngpeople is continuing throughout the week with activities happening in over 100 countries all around the world.  Find out more on the Global Money Week website: globalmoneyweek.org/ Chiara Monticone | Matthew Soursourian | Bianca Isaincu | Miles Larbey | Mairead McGuinness | Friderica Widyasari Dewi | Swaminathan Janakiraman | Magda Bianco | Luis Mansur Siqueira | Christian Meijer Photo credit: OECD/Andrew Wheeler 

FinCoNet and the OECD - OCDE co-hosted the International Seminar on Tackling Financial Scams and Frauds on 18 March 2024, held in conjunction with the launch of Global Money Week 2024. Juliana Mozachi Sandri, Chair of FinCoNet (Banco Central do Brasil), moderated a panel session highlighting the latest experiences and developments in regulatory and supervisory approaches to tackling financial scams and frauds from around the world. The panel featured FinCoNet's Vice Chair, Yuji Yamashita (Financial Services Agency, Japan (JFSA, 金融庁)) as well as FinCoNet Members from Autorité des marchés financiers (Québec), ASIC, and Superintendencia de Banca, Seguros y Administradoras de Fondos de Pensiones del Perú. Business and Finance at the OECD Nisha Arora Magda Bianco Swaminathan Janakiraman Elías Vargas Laredo Marine Mahistre Nathan Bourne Véronique Martel Miles Larbey Bianca Isaincu Chiara Monticone Rachel Karen, PhD To learn more about FinCoNet, visit www.finconet.org. Photo credit: OECD/Andrew Wheeler