International Banking Exchange Cooperative: Difference between revisions
International Banking Exchange Cooperative (view source)
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{{WIP}}
{{Infobox company
|name=International Banking Exchange Cooperative|logo=[[File:IBC.png|125px]]|logo_caption=Logo of the IBEC|image=IBCHQ.jpg|image_size=125px|image_caption=Headquarters of the IBEC|native_name=|native_name_lang=|type=Limited liability cooperative|ISIN=|industry=Telecommunications|predecessors=|founded=|founders=|hq_location_city=Leidenstad|hq_location_country=[[Cryria]]|area_served=Worldwide|key_people={{unbulleted list|Milla Quist (CEO)|??? (Chairman)}}|products=Financial Telecommunication|services=|revenue=|revenue_year=|operating_income=|income_year=|net_income=|net_income_year=|assets=|assets_year=|equity=|equity_year=|num_employees=> 3,000|num_employees_year=2021|divisions=|subsid=|website=}}
The '''International Banking Exchange Cooperative''' '''(IBEC)''', is a [[Cryria]]-based member-owned cooperative that acts as a safe and secure intermediary through which member-institutions can conduct financial transactions. The IBEC also sells an array of ancillary financial software and services for use on its proprietary communications network, and hosts a variety of conferences for the financial services industry. IBEC is wholly owned by the financial institutions it provides services to. The Cooperative's current CEO is Milla Quist of Cryria, and
▲The '''International Banking Exchange Cooperative''' '''(IBEC)''', is a [[Cryria]]-based member-owned cooperative that acts as a safe and secure intermediary through which member-institutions can conduct financial transactions. The IBEC also sells an array of ancillary financial software and services for use on its proprietary communications network, and hosts a variety of conferences for the financial services industry. IBEC is wholly owned by the financial institutions it provides services to. The Cooperative's current CEO is Milla Quist of Cryria, and its Chairman is <TBD> of <TBD>.
IBEC essentially works as a messaging system for interbank financial transactions. It does not actually hold funds or accounts on its own.
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IBEC's shareholders are its user financial institutions, who elect a board of independent directors as their representatives. However, the growing importance of payment systems also saw the establishment of cooperative oversight by major central banks starting in 2000 in the form of the IBEC Oversight Committee. The Royal Bank of Cryria acts as the lead overseer for the network and provides monitoring on an ongoing basis. Day-to-day operations are conducted by full-time employees headed by IBEC's CEO.
{| class="wikitable"
|+Board of Directors(2021)
!Name
!Institution
!Country
|-
|Allan Holmlund
|▼
|National Bank of Cryria
|Kingdom of Cryria
▲|}
{| class="wikitable"
|+IBEC Oversight Committee
!Institution
!Country
|-
|Royal Bank of Cryria
|Kingdom of Cryria
|}
== Criticisms ==
=== Cylinder Urth Conspiracy ===
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