International Centre for Financial Regulation

IFCR was the product of a collaboration between a number if 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.{{dead link|date=February 2014}} 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."[http://www.icffr.org/Research.aspx ICFR research] {{webarchive |url=https://web.archive.org/web/20100121200419/http://www.icffr.org/Research.aspx |date=21 January 2010 }} The Centre also meant to support practical training initiatives on best practice and the latest regulatory changes both in developed and emerging markets.[http://www.icffr.org/Training/Training-Catalogue.aspx ICFR training catalogue] {{webarchive |url=https://web.archive.org/web/20100906180043/http://www.icffr.org/Training/Training-Catalogue.aspx |date=6 September 2010 }}

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.{{Cite news|url=http://www.ft.com/intl/cms/s/0/dc67ec98-5fe8-11e2-b128-00144feab49a.html#axzz2UNhGBgwi|title = FT prizewinner calls for global regulator|newspaper = Financial Times|date = 21 January 2013}}{{Cite web|url=https://www.independent.co.uk/news/business/news/police-probe-into-financial-watchdog-after-money-goes-missing-8347670.html|title=Police probe into financial watchdog after money goes missing|date=23 November 2012}}

On 21 January 2014, the ICFR's Chief Operating Officer 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.{{Cite web|url=http://www.accountancylive.com/croner/jsp/Editorial.do?contentId=2910760&BV_UseBVCookie=yes&channelId=-601070|title = Former head of City think-tank to face fraud charge | Accountancy Daily}} Taylor committed suicide in September 2015.{{cite news |url=https://www.theguardian.com/uk-news/2015/sep/24/accountant-state-funded-thinktank-killed-himself-before-trial-inquest-hears |title=Accountant at state-funded thinktank killed himself before trial |work=The Guardian |date=September 24, 2015}}

;Board members

• David Currie – Chairman
• Barbara Ridpath – Chief Executive
• Non-Executive Directors: Michel Prada, Stuart Overend, Charles Taylor

;Stakeholders of the ICFR

• Aberdeen Asset Management
• Aviva
• Barclays Bank Plc
• Citigroup
• Goldman Sachs International
• HSBC
• JP Morgan
• Bank of America Merrill Lynch
• Morgan Stanley
• Prudential plc
• Standard Chartered
• 3i
• UBS
• City of London Corporation
• Her Majesty’s Government
• PriceWaterhouseCoopers
• KPMG
• Ernst & Young
• Deloitte
• Clifford Chance

{{Reflist}}

• [http://www.hm-treasury.gov.uk/press_60_08.htm Kitty Ussher announces the establishment of the ICFR]
• [https://archive.today/20130116063927/http://www.advancedtrading.com/regulations/showArticle.jhtml;jsessionid=SZN1Y3Y0PHZALQE1GHRSKH4ATMY32JVN?articleID=222400419&_requestid=129543 ICFR's Director of Research's comment entitled: "Obama proposes measures to restrict size and activity of major banks"]

• International Organization of Securities Commissions
• Centre for the Study of Financial Innovation
• New Financial

• [http://www.icffr.org/Home.aspx ICFR website]

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Category:Financial regulation