Financial Services Volunteer Corps

aka FSVC   |   New York, NY   |  WWW.FSVC.ORG

Mission

FSVC is a not-for-profit, public-private partnership that helps develop the financial sector in emerging market economies through technical assistance and capacity building. FSVC leverages a network of over 8,000 financial experts who serve as unpaid volunteers on short-term assignments to provide training and skills development for local counterparts. Using a peer-to-peer model, FSVC delivers
technical assistance to strengthen commercial banking systems, develop central bank capabilities and deepen capital markets. Other major areas of work include payments system development, combating money laundering and terrorist finance and promoting financial inclusion.

Ruling year info

1990

Principal Officer

J Andrew Spindler

Main address

10 E 53rd St 36th Fl

New York, NY 10022 USA

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EIN

13-3568629

NTEE code info

International Economic Development (Q32)

Economic Development (S30)

Public Finance, Taxation, Monetary Policy (W22)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Albania - Improving Tax Administration

Public financial management has been weak in Albania for the past decade, with tax collection being one of the most pressing issues. To address the shortcomings and support the public administration’s efforts to enhance fiscal discipline in the economy, FSVC is implementing a program with the support of USAID and Volunteers for Economic Growth Alliance (VEGA) with the General Directorate of Taxation (GDT). Specifically, the program will assist the GDT with conducting effective and equitable tax audits and investigations as well as improve tax collection by building enforcement capacity, increasing debt collections, and developing performance management indicators for the GDT.

Population(s) Served

To help Albania is in its efforts to join the European Union, FSVC is implementing a program, with support from USAID and the Volunteers for Economic Growth Alliance (VEGA), to strengthen the quality and consistency of financial sector regulations and supervision. Activities include developing capacity at the Bank of Albania to detect emerging credit problems,communicate with banks and provide policy advice; assisting the Financial Supervisory Authority in creating a risk-based insurance supervision framework; and supporting the Deposit Insurance Agency in strengthening its risk management.

Population(s) Served

FSVC, in partnership with USAID and the Open Society Foundation, is implementing a program to promote regional financial sector deepening and integration among the five members of the East African Community. Notably, FSVC has helped identify and address regulatory issues impeding integration; assisted the insurance sector in formally adopting a harmonized supervision manual; and contributed to an EAC regional regulatory structure for pensions and a work plan for regulating payment and settlement systems.

Population(s) Served

FSVC, with support from the U.S. Department of State, has been a key partner to regulatory authorities,
financial institutions and others in Kenya, Tanzania and Uganda in strengthening their anti-money laundering/combating the financing of terrorism (AML/CFT). FSVC’s program is yielding significant results in strengthening the AML/CFT capacity of commercial banks, non-bank financial institutions and designated non-financial business and professions. FSVC is also helping to improve AML/CFT supervision and examination by central banks and other key regulators.

Population(s) Served

Jordan has committed to increasing access to budget information at every level of government, including access to timely data in formats that can be easily understood by the general public. To help meet this objective, FSVC, in partnership with the U.S. Department of State’s Middle East Partnership Initiative (MEPI), helped the government publish the first Citizens Budget (non-technical, easy to understand general budget) in cooperation with Jordanian civil society organizations. FSVC has also helped increase dissemination of the Citizen Budget three fold to reach rural areas and increase budget awareness across Jordan. Additionally, FSVC helps civil society organizations understand and monitor public expenditures, and advocate effectively for greater transparency in the government’s budget and expenditures.

Population(s) Served

FSVC, with support from the U.S. Agency for International Development (USAID), is implementing a program to help improve the management of public financial resources in Angola. Inefficient management of tax revenues from oil, trade and income prevent the Angolan government from providing its population with adequate infrastructure and services. FSVC’s program aims to assist the government with addressing these inefficiencies in budget management and tax collection, and help improve the ability of civil society organizations to advocate for budget reforms and effectively monitor government expenditures in Angola.

Population(s) Served

With support from the U.S. Department of State, FSVC is providing technical assistance to fight corruption and promote fiscal transparency in Tunisia and Libya. In Tunisia, FSVC is working with government ministries on how to design, negotiate and present a budget, and work with civil society organizations to strengthen their capacity to advocate for greater fiscal transparency in this area.

Population(s) Served

FSVC’s program to “Develop a Financial Intelligence Unit in Tunisia” is funded by the U.S. Department of State’s Bureau of Counterterrorism. The program 1) strengthens anti-money laundering/combating the financing of terrorism (AML/CFT) capacity of Tunisia’s Financial Intelligence Unit (FIU) and 2) improves the AML/CFT supervisory capacity of financial sector regulators including the Central Bank of Tunisia, the Tunisian Capital Markets Authority and other financial institutions.

Population(s) Served

Where we work

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Financials

Financial Services Volunteer Corps
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Operations

The people, governance practices, and partners that make the organization tick.

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  • Analyze a variety of pre-calculated financial metrics
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Financial Services Volunteer Corps

Board of directors
as of 08/02/2016
SOURCE: Self-reported by organization
Board chair

William Donaldson

Donaldson Enterprises

Term: 2015 -

J Andrew Spindler

FSVC

Julian C. Schroeder

FSVC

Paul A. Volcker

FSVC

Stephen H. Axilrod

FSVC

Wiliam J. Burns

President of the Carnegie Endowment for International Peace

William L. Clarke

Senior Partner, Bracewell & Giuliani LLP

Jill M. Consindine

Trustee of the A.I.G. Government Trust

Kenneth W. Dam

Max Pam Professor Emeritus and Senior Lecturer at the University of Chicago Law School

John L. Douglas

Partner at Davis Polk & Wardwell LLP

Randall D. Guyunn

Head of Financial Institutions Group of Davis Polk & Wardwell LLP

Carla A. Hills

Chairman and CEO, Hills & Company, International Consultants

Allan J. Hirst

FSVC

Reuben Jeffery

CEO of Rockefeller & Co

Hnry A. Kissinger

Chairman of Kissinger Associates, Inc.

John L. Thornton

Chairman of Barrick Gold Corporation

Joseph Tošovský

Chairman of the Financial Stability Institute, Bank for International Settlements (BIS)

Paul Tucker

Research Fellow, Harvard’s Kennedy School of Public Policy; Chair of the Systemic Risk Council

John L. Walker

FSVC