ELI5: Explain Like I'm 5

International Centre for Financial Regulation

The International Centre for Financial Regulation is a place where governments and organizations can come together and discuss the rules that help make sure banks and other financial systems are working properly. Banks and other financial systems are important because they help people save and spend their money. But it's important to make sure they don't do anything bad like cheating people out of their money. So, governments and organizations made the International Centre for Financial Regulation. This place is like a big meeting where they agree on the rules that all financial systems have to follow. This helps make sure that everyone is better protected when it comes to their money.