IBA

IBA, or International Banking and Financial Authorities, are organizations that regulate and oversee banks and financial institutions across different countries. They establish rules and standards to ensure stability, transparency, and safety within the global financial system. Think of them as the referees who help keep international banking fair and secure, preventing fraud and financial crises. Examples include the Basel Committee on Banking Supervision and the International Monetary Fund (IMF). Their work helps maintain confidence in the financial markets, facilitating cross-border trade and investment while protecting consumers and the economy worldwide.