Guidance on ´Banking Nonprofit Organizations – The Way Forward´

Banking Nonprofit Organizations – The Way Forward by the Consortium for Financial Access is a resource and reference document for nonprofit organizations (NPOs) and financial institutions (FIs), as well as governments, in an effort to dramatically improve financial access for NPOs and start to reverse the trend known as ‘de-risking’. The guidance provides information to the financial sector on the NPO community so that FIs can be better equipped to respond to regulatory supervisors. It also includes relevant information on: the way that NPOs work to prevent diversion of assets; distinctions between nonprofit and commercial FI customers; and the application of the risk-based approach. This document provides NPOs with information on steps they can take to facilitate adequate access to financial services, and sets forth recommendations for governments and financial regulators with regard to steps they can take to increase NPO financial access.