International bodies

In addition to its participation in supervision at European level, the CSSF is also active in th other international groups and bodies.

 

 

Basel Committe on Banking Supervision

The Basel Committee on Banking Supervision is a committee of the Bank for International Settlements. The CSSF takes also part in different working groups set up by the Basel Committee.

www.bis.org/bcbs/index.htm

International Organization of Securities Commissions (IOSCO)

The International Organization of Securities Commissions (IOSCO) promotes co-operation between supervisory authorities of securities and futures markets. The CSSF takes also part in different working groups created under the aegis of IOSCO.

www.iosco.org

Institut francophone de la régulation financière (IFREFI)

The Institut francophone de la régulation financière (Francophone institute for financial regulation, IFREFI) gathers the financial market regulatory authorities of fifteen French-speaking countries. Its purpose is to further exchanges, develop studies and exchange information in relation to the financial markets.

www.ifrefi.org

Financial Action Task Force (FATF)

The Financial Action Task Force is an inter-governmental body. Its objectives are to set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system. The CSSF takes also part in different FATF working groups.

www.fatf-gafi.org

Committee for the Prevention of Money Laundering and Terrorist Financing (CPMLTF)

Wolfsberg Group

The Wolfsberg Group is an association with the purpose of developing financial industry standards and products relating to know-your-customer and anti-money laundering and counter-terrorist financing.

www.wolfsberg-principles.com

Accounting Regulatory Committee (ARC)

The Committee was established by the European Commission. It gives its opinion proposals of the European Commission to adopt International Accounting Standards (IAS/IFRS). 

European Group of Auditors’ Oversight Bodies (EGAOB)

The aim of the European Group of Auditors' Oversight Bodies is to ensure effective coordination of public oversight systems of statutory auditors and audit firms within the European Union.

ec.europa.eu/internal_market/auditing/egaob/index_en.htm

International Monetary Fund (IMF)

The CSSF cooperates with the IMF whose primary purpose is to ensure the stability of the international monetary system.

www.imf.org/external/