May 22, 2013
May 22, 2013
May 17, 2013
May 06, 2013
May 06, 2013
March 26, 2013
January 22, 2013
May 2013 Global Economic Monitor
The recent data flow has been marked by two notable contrasts. First, GDP growth has disappointed in emerging markets, but not in mature economies. Second, the global outlook has deteriorated as measured by business sentiment surveys, but has brightened according to financial markets. What do we make of these conflicting signals? On balance, we believe the moderate global economic expansion remains on track even as the outlook for emerging markets has deteriorated somewhat. Emerging market policy easing and more supportive financial conditions in mature economies provide welcome support.
IIF Weekly Wrap - May 17, 2013
Felix Huefner, Deputy Director of the IIF Global Macro team, discusses this week’s Euro Area and Japan GDP releases and the outlook for Germany. Felix compares the global outlook’s conflicting signals of weak April sentiment indicators and booming financial markets, and looks forward to next week’s Euro Area PMI and U.S. durable goods releases.
IIF Teleconference: Outlook and policy options for Turkey
May 17, 2013 — In this teleconference for IIF members, Lubo Mitov, IIF Chief Economist for Europe, and Ugras Ulku, Senior Economist of the IIF European Department, share their insights gained through their recent visit to Istanbul and Ankara, discussing the macroeconomic outlook, optimistic mood, and policy options for Turkey.
Leaders of Asia-Pacific Financial Services Firms Meet in Seoul
May 10, 2013 — The 2013 IIF Asia CEO Summit was held in Seoul, Korea, during May 8-10, and hosted by KB Financial Group. The conference brought together more than 100 senior officials from banks and other financial institutions active in Asia, along with analysts and regional policy makers. It focused on a review of the global and regional economic and financial outlook and policy challenges, the opportunities for further development of the Asian financial system, the institutional and regulatory impediments to the development of local currency corporate bond markets, and a roundtable discussion on the impact of new global regulatory reforms on the Asia region. It was concluded that while the banking system in Asia remained well capitalized and resilient, the evolving global financial regulatory framework would pose some challenges, including for cross-border activity and infrastructure financing.
2013 May Capital Markets Monitor and Teleconference
Hot Markets, Cool Economies
Over the past six months, most equity markets worldwide have made substantial gains. While emerging market equities have underperformed in 2013, many U.S. equity indices (and Germany’s DAX) have recently reached new record highs. Bond yields have also fallen and credit spreads tightened, including for sovereign debt of troubled Euro Area countries.
The financial market rallies have been in response to mixed signs for economic growth—first quarter GDP data seem to disappoint everywhere including the U.S., China and even the feeble Euro Area—which have fed into expectations of further monetary easing in both mature and emerging market economies.
April 2013 Global Regulatory Update
May 6, 2013 — This month’s IIF Global Regulatory Update features updates on current work streams, reviews recent meetings, and discusses new projects.
April 2013 Global Economic Chartbook Update
The April edition of our Global Economic Chartbook updates our views on the global outlook, providing charts on the global business cycle, global inflation, world trade and external imbalances, and emerging economies as well as economic policy and financial conditions. Special features include the Euro Area crisis, U.S. fiscal events, Japanese monetary policy, labor market divergences, and our top ten global risks. This Chartbook is also available in PowerPoint format—please double-click on each chart to access the underlying spreadsheets. We encourage you to use the charts and data in your own work.
Emerging Markets Bank Lending Conditions Survey - 2013Q1
The latest survey, conducted by the IIF between March 12 and April 16, 2013, pointed to continued overall improvement in bank lending conditions in 2013Q1. Funding conditions—especially in domestic markets—continued to ease in emerging markets, partly reflecting the monetary policy easing in key emerging market economies. However, the pass-through of this improvement to credit standards in some EM banks has been weak.
IIF CAIM raises concerns that proposed EU Financial Transaction Tax could hurt savers and pensioners
April 23, 2013 — The IIF’s Council on Asset and Investment Management (CAIM) today released a position paper on the proposed EU Financial Transaction Tax (FTT). CAIM raised concerns that any revenue potentially generated by the proposed FTT would be considerably outweighed by the potential costs in terms of burden on end-users of financial services, potentially weaker economic growth and job losses.
June 25-26, 2013
Registration is now open for the 2013 IIF Spring Membership Meeting. The program will focus on the challenges and opportunities in Europe as well as other key issues in global finance. We look forward to sharing further details in the coming weeks.
May 20-22, 2013
London, United Kingdom
Understanding country risk is critical for financial institutions as they revisit their approach to risk in the new environment. In this three-day program, leading practitioners from global financial institutions in London, along with industry thought leaders, will deliver presentations and lead interactive discussions to address strategic considerations for country risk decision-making.
May 23, 2013
In this members-only teleconference, Ramón Aracena, IIF Chief Economist for Latin America, will share his insights gained through his recent visit to Brazil. The call will take place at 8:00 AM Washington, D.C. time (1:00 PM London / 2:00 PM Paris / 8:00 PM Beijing / 9:00 PM Tokyo / 10:00 PM Sydney).
June 13-14, 2013
Hosted by Mercantil Commercebank, the Forum provides members with the opportunity to identify and discuss key risk management issues of relevance to banks in the region, analyze regional and global regulatory trends, and share knowledge and expertise on risk management issues.
June 17-20, 2013
Offered in cooperation with UBS, this four-day program, focusing on ’Strategic Considerations for Evolving Wealth Transformation’, addresses how industry leaders are approaching the unprecedented transformation affecting current business practices, particularly with growing wealth in emerging markets and growing flow of funds to the East. This program is designed to be both practical and interactive with group discussions and case studies, allowing participants and expert speakers to freely share insights.