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Global Standards Proportionality
Working Group (GSPWG)

Global Standards Proportionality
Working Group (GSPWG)

GSPWG is a platform that provides technical support to developing and emerging country policymakers to implement global standards for financial stability (e.g. the Basel Framework) and financial integrity (e.g. Financial Action Task Force [FATF] 40 Recommendations) proportionately and without unintended negative consequences for financial inclusion.

The working group supports AFI’s Global Standards and Policy Committee with respect to strategic engagements with global standard-setting bodies and leverages on AFI’s partnership with the FATF-Style Regional Bodies and the International Association of Deposit Insurers.

Members also exchange information on the opportunities and risks associated with new technologies, such as digital identity innovations, regulatory technology solutions, and the growing use of virtual assets, which could potentially impact the effectiveness of global standards and regulatory compliance.

The working group has four thematic subgroups:

  • Anti-money laundering/combating the financing of terrorism – developing a toolkit on inclusive financial integrity;

  • Basel Framework – developing a guideline note on the proportionate application of the Basel Framework;

  • Deposit Insurance – developing an issues paper on e-money, financial inclusion and deposit insurance;

  • Non-bank financial institutions (NBFI) – advancing proportionate regulations of NBFIs active in the promotion of financial inclusion.


Download GSPWG Factsheet

51
Member
Institutions
50
Countries
42
Policy
Changes
12
Knowledge
Products

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