IIF Authors

Status: Will be live at 02/08/2023 12:26

IIF/Wolfsberg Group EBA De-Risking Letter

On February 6 the IIF and the Wolfsberg Group submitted comments in response to the EBA’s public consultation on ‘de-risking’ announced on December 6. The joint comments highlight, inter alia, the importance of alignment with the FATF definition of ‘de-risking’ and that financial institutions should have the ability to apply a risk based approach to non for profit organisations (NPOs) in line with FATF Recommendation 8.