"REFLECTING LIGHT INTO THE SHADOWS OF SHADOW FINANCE”™
OSBSO.org is a private-sector organization and functions an industrial ombudsman/person, also known as a private ombudsman/person or commercial ombudsman/person to help individuals or organizations (concerned part) who are concerned that they have been negatively affected (financially or otherwise) in matters related to non-bank, non-institutional, non-syndicated, non-regulated or regulatory exempt, free trading securities and related financial securities; also known as Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow securities and related financial securities; also known as "shadow banking services".
OSBSO.org provides the necessary research and opinion as to whether a shadow banking service conformed to applicable statutory, regulatory or process requirements, so that the concerned party may choose to retain legal counsel or lodge a regulatory complaint or seek redress or resolution directly from the service provider.
- OSBSO.org is a common law tradename of Bungay International Inc., incorporated in Calgary, Alberta, Canada. Developer of the world's first commercial application of the "principles of 'blockchain'" in commerce for a non-bank, non-institutional, non-syndicated, non-regulated or regulatory exempt, free trading securities and related financial system network; also known as Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow securities and related financial system network.
- OSBSO.org also functions in collaboration with the Money Quality Conformity Control Organization, MQCC™ incorporated as MortgageQuote Canada Corp.; a private equity finance company and government licensed real-estate secured credit intermediary or mortgage broker (GLMB™) and Global Network Administrator (GNA™) of the non-bank, non-institutional, non-syndicated, non-regulated or regulatory exempt, free trading securities and related financial system network; also known as Peer-to-Peer (P2P)/Private/Crypto/Secret/Shadow securities and related financial system network.
Ombudsman/person institutions are important; and recognized by the United Nations: UN resolution on ombudsman institutions (Source)
OSBSO.org is a private organization that operates as a private ombudsman or commercial ombudsman or industrial ombudsman as described in
- "future of ombudsman schemes: drivers for change and strategic responses" (SIC), published in 2013 by Queen Margaret University in Edinburgh, UK. (Source).
- CURRENT OMBUDSMAN ISSUES AN INTERNATIONAL PERSPECTIVE, published in 1990 by INTERNATIONAL OMBUDSMAN INSTITUTE (Source)
- "The new private-sector ombudsman", published by the Institute for Research on Public Policy on November 1, 2003 (Source)
According to the Forum of Canadian Ombudsman; in Canada, ombudsman/person generally [emphasis added; OSBSO.org is a private or commercial or industrial ombudsman/person] operate under three types of mandates (Source):
- Ombudsman/person established by provincial, territorial or federal legislation with strong powers of investigation and structural independence. [Example: provincial and territorial ombudsman/person, some federal ombudsman/person offices].
- Ombudsman/person established by policy or terms of reference by both private and public sector organizations. They primarily use various forms of early resolution methods but may also have the power to investigate and the authority to publish annual and special reports. [Example: ombudsman/ombudspersons in universities and colleges, banks, utilities].
- Ombudsman/person established by corporate or organizational policy or terms of reference which generally use only facilitative methods for assisting with the resolution of complaints. [Example: employee ombudsman for banks and some federal agencies].
OSBSO.org services are delivered on a fee-for-service or cost-recovery basis to those making the complaint or seeking services. Any non-regulated firm in the financial services industry sub-sector is eligible to join OSBSO.org.
Why is there a cost to OSBSO.org's services; aren't all financial sector ombudsman/person services free of cost to complainants?
The answer depends on the country in which you are located, or jurisdiction where the alleged non-conformity occurred. Yes, many countries have ombudsman services for the financial sector for REGULATED organizations. Shadow banking sector participants are NOT REGULATED, so are not subject to the same stringent rules as their regulated counter-parts. For example, shadow banking entities are not required to maintain ombudsperson's, whose services are normally paid for by the member entity pursuant to law. This is primary reason - among other reasons - that most countries do have provisions in place to help individuals and corporations who are subject to problems with a shadow banking financial services provider; until now, with OSBSO.org.
Domicile for all international or domestic (Canadian) inquiries:
- 548 Rundleridge Drive NE, Calgary, Alberta, Canada.
Membership is open to qualified bodies. Email firstname.lastname@example.org to learn more.
Use of Trade Marks & Trade Dress
OSBSO™ Trademarks and Trade Dress may only be published on a member or 3rd party website with prior written approval from OSBSO.org.
Copyright 2017 OSBSO.org and/or Bungay International Inc. All rights reserved. No reproduction permitted or website linking permitted without prior written approval.