Key Issues

Emerging Market Bank Lending Conditions Tighten in 2014Q3


October 30, 2014 — Bank lending conditions in emerging economies tightened again in 2014Q3 after easing in 2014Q2, according to the latest Emerging Markets Bank Lending Conditions Survey from the Institute of International Finance.

“We have seen a turn back towards tighter lending conditions in emerging markets in Q3 as loan demand has weakened and non-performing loans rose,” said Charles Collyns, chief economist at the IIF. “More volatile financial markets have also reversed some of the improvement in bank funding earlier in the year.”

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IIF Website Announcement

October 29, 2014 — To better serve our members, we are upgrading the IIF website. The new site will come online soon. IIF members will receive an email when the site is live.

We are making a number of improvements, including making the website mobile responsive so you will be able to access it on any type of device. The new site will have better search tools and easier navigation, so you will be able to find what you’re looking for more easily. You will also be able to manage your preferences and set areas of interest for the type of information you would like to receive.

We hope you will find the upgraded website an improvement and look forward to your feedback once it is launched. If you have any questions or issues, please email us at webhelp@iif.com.

IIF Welcomes New Board Members

October 27, 2014 — The Institute of International Finance (IIF) announced today that Ben Kruger, Group Chief Executive of Standard Bank Group, and Nobuhide Hayashi, President and CEO of Mizuho Bank Ltd, have joined the IIF Board of Directors.

“The IIF is the premier global association for the financial services industry, and our new board members will bring important and distinctive insights that will help guide the IIF,” said Douglas Flint, Chairman of the IIF Board of Directors and Group Chairman of HSBC Holdings plc.

“The IIF’s Board of Directors has a global perspective that is uniquely positioned to address the broad range of issues our industry faces,” said Tim Adams, President and CEO of the IIF. “I look forward to working with each of them to ensure the IIF remains a global leader for the financial industry.”

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Portfolio Flows to Emerging Markets Stall in October


October 27, 2014 — Portfolio flows to emerging markets slowed to a 2014 low of $1 billion in October, down from $10.5 billion in September, according to the latest EM Portfolio Flows Tracker by the Institute of International Finance.

Portfolio equity flows for October saw a $9.2 billion outflow after $6.8 billion of inflows in September, while bond flows rose to $10 billion, up from $3.6 billion in September.

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Tech Showcase: Ripple Labs

Patrick Griffin, head of business development of Ripple Labs talks with IIF Managing Director for Global Marketing and Communications Corrie Shanahan about the company’s payment system protocol.


2014 IIF Annual Membership Meeting: Session Videos

Videos of the 2014 IIF Annual Membership Meeting sessions are now available.

Watch the videos

New EY Industry Risk Management Survey

October 17, 2014 — Ernst & Young released its fifth annual risk management survey, completed in cooperation with the IIF, titled “Shifting focus: Risk culture at the forefront of banking”. The survey, which was conducted in early 2014, includes responses from 53 IIF member firms across 27 countries. The survey clearly indicates that the firms are changing the way they approach risk culture. While the industry is focusing increasingly on culture and conduct, challenges remain. Banks face obstacles in balancing the pressure to drive performance and maintaining an emphasis on risk culture, as well as embedding risk appetite firm-wide. Ultimately, the survey indicates that banks are building stronger risk governance structures by increasing accountability through performance reviews and compensation, and by utilizing disciplinary actions.

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2014 Report on Implementation of the Principles for Stable Capital Flows and Fair Debt Restructuring

October 12, 2014 — The Group of Trustees of the Principles for Stable Capital Flows and Fair Debt Restructuring held its 2014 Annual Meeting in Washington, D.C. to review the progress made on the implementation of the Principles. Observers from the Federal Reserve Bank of New York, the European Central Bank, the Deutsche Bundesbank, the Ministry of Finance of Germany as well as from the financial services industry were in attendance.

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Tim Adams on Bloomberg: 'A Lot to Be Worried About' on Global Growth

October 10, 2014 —


IIF President and CEO Tim Adams talks about the global economy, markets and financial regulation with Peter Cook on Bloomberg Television’s “Surveillance”.

2014 IIF Annual Membership Meeting: Welcoming Remarks

October 10, 2014 — IIF President and CEO Tim Adams and Douglas Flint, Group Chairman, HSBC Holdings plc; Chairman, IIF delivered the welcoming remarks for the 2014 IIF Annual Membership Meeting in Washington, DC. Themes include advancing a regulatory environment that supports prudent risk-taking, gets capital into the hands of those who need it, and does not further balkanize the global financial system; ensuring cross-border capital flows can once again be a catalyst for higher growth and rising living standards; and that the right interplay of regulation, globalization, and creativity can nurture the innovative financial technologies that will reengineer banking and give rise to a new era of opportunity and growth across the financial sector.

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Emerging Market GDP Growth Estimate Above 4 Percent in Q3

October 7, 2014 — Emerging market growth is tracking higher according to the September update of the IIF’s EM Coincident Indicator showing Q3 growth at 4.1 percent, up 0.2 percent from the August estimate.

“Our EMCI September update indicates that growth in emerging markets gradually accelerated in Q3, but weaker business sentiment and deteriorating financial market performance, including falling commodity prices, suggest some caution going forward,” said Charles Collyns, chief economist of the IIF.

Among the macroeconomic and financial variables that feed into the EMCI, merchandise trade and industrial production continued a modest uptrend. By contrast, business sentiment has weakened and financial variables, notably commodity prices, softened in September, weighing on emerging market growth.

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Risk-Sensitivity: The Important Role of Internal Models

October 9, 2014 — This paper discusses the importance of risk sensitivity and the use of internal models in the regulatory capital framework. In particular, the paper analyzes how risk models and capital measures are used within a bank, in downstream applications beyond demonstrating capital adequacy at an institution-level, in how banks originate and manage exposures and use performance measures to reinforce the desired risk culture. For more information please contact Brad Carr: bcarr@iif.com

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October 2014 IIF Policy Letter to the IMFC and the Development Committee

October 2, 2014 — Ahead of the IMF/World Bank Annual Meetings and the November 2014 G20 Summit, IIF President and CEO Tim Adams outlined issues the industry believes policy makers should prioritize. In a letter to IMF’s IMFC and the World Bank’s Development Committee, with copies to G20 Finance Ministers and Central Bank Governors, Adams noted that the Brisbane Summit will mark the completion of the most essential elements of the G20’s regulatory reform agenda. Adams urged policy makers to continuously monitor the impact and effect of regulatory reform and noted that the IIF remains concerned about regulatory fragmentation. Adams also noted that the IIF is concerned that financial globalization, a driving force behind global economic growth over the last several decades, has stalled or even reversed since the global financial crisis.

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Events

2014 IIF Annual Membership Meeting

October 10-11, 2014

Washington, D.C.

The 2014 IIF Annual Membership Meeting has now concluded. Session videos are now available.

2014 IIF Executive Program on the Launch of the Single Supervisory Mechanism - What's Next?

October 30-31, 2014

Frankfurt

Offered in cooperation with Commerzbank AG, this two-day program is a timely event on the eve of the operational launch of the SSM offered within Europe’s financial regulatory heart. The event will be an exceptional opportunity for senior level participants to engage with invited key representatives from the ECB and other European supervisors to discuss the latest supervisory developments with leading banking industry experts.

2014 IIF Executive Program on Country and Sovereign Risk Management - Strategic Perspective on Sovereign Credit Risk

November 10-12, 2014

New York

Offered in cooperation with S&P, this three-day program starts with an overview of the current environment given the strong linkage between economic climate and sovereign credit risk. Strategic perspectives on macro trends will be highlighted: global economic trends, monetary policy and regulation.

2014 Fall Economic Advisory Committee Meeting

November 11-12, 2014

Madrid, Spain

The next IIF Economic Advisory Committee Meeting will take place November 11-12, 2014 in Madrid, kindly hosted by BBVA. The EAC Meeting is held twice yearly as an opportunity for chief economists and risk officers from IIF member banks and financial organizations to meet and discuss the global economic outlook.

2014 Africa Financial Summit

November 13-14, 2014

Lagos, Nigeria

This program, hosted by Access Bank, addresses the outlook for African economies, diversification and deepening of financial markets, challenges for African financial institutions, the rise of disruptive technologies, and aligning investors’ strategies with African priorities.



Other Events