Public Consultation on the draft IADI Guidance Paper: "Ways to resolve a financial cooperative while keeping the cooperative structure"
The IADI Secretariat has initiated the public consultation period regarding the draft IADI Guidance Paper: “Ways to resolve a financial cooperative while keeping the cooperative structure”.
This draft Guidance Paper was prepared by the IADI Resolution Issues for Financial Cooperatives Technical Committee chaired by Mr Julien Reid, Senior Director, Financial Institutions Oversight, Resolution and Deposit Insurance, Autorité des marchés financiers (Québec, Canada). The Technical Committee was established under the IADI Core Principles and Research Council Committee.
The draft Guidance Paper sets out guidance points for consideration in the resolution process of financial cooperatives, especially when the cooperative structure is intended to be kept. Some of the guidance points are general to all jurisdictions with financial cooperatives, while others are specific to jurisdictions where financial cooperatives unite under or collaborate with umbrella organisations and/or where institutional protection/stabilisation schemes are available.
The draft Guidance Paper is now available for comments on the IADI website.
The public consultation period runs from 30 August 2021 until 27 September 2021. Should you have any comments on this paper, please provide them to the IADI Secretariat Research Unit at firstname.lastname@example.org by 27 September 2021.