Introduction
Rationales of the Academy
• Importance of Financial Consumers in global and regional economy
• Under-emphasis of financial consumers in current financial systems
• Existing forums or academy focusing on business or regulatory perspectives
• Necessity of cross-country comparison of experiences, ideas, or best practices from financial consumers’ standpoint
Vision of the IAFICO
• A global platform for sharing information, knowledge on “Financial” products and services, regulations and supervision, institutions and culture, education and training in order to reasonably serve financial consumers’ interests and well-being as well as long-term financial development from an impartial perspective
Missions of the IAFICO
• To share relevant information, either success or failure, for financial development
• To discuss financial issues in an impartial way from financial consumers’ perspectives.
• To find out long-/short-term solutions for economic and social development
• To suggest solutions to common issues across countries in a collective way
Membership
• Regular members consisting of university professors, consumers' union, or regulators to maintain neutrality of the forum
- annual or multi year membership
• Guests consisting of business representatives, other interest groups, or non-members
- to introduce their products, services, ideas, etc.
- Invited or Uninvited
- Non-members fee for the forum participation
Governance of the IAFICO
• Board of Directors (3 year term)
- Major decision making function
- Including founding members
* Chairperson of BOD (3 year term)
• President (1 year Term)
- Hosting/Organizing the annual forum
• Secretary Office (Waseda University, Japan)
- Administration (Membership MGT)
- Publication