Key Issues

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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Capital Flows to Remain Volatile


October 2, 2014 — Capital flows to emerging markets have continued to be very choppy this year according to the latest Capital Flows Report by the Institute of International Finance. The period from March to July was marked by a surge in portfolio equity and debt inflows, particularly to Asia, followed by a sharp slowdown since August.

The IIF has raised its 2014 forecast for total private capital inflows to emerging markets by $130 billion to $1,162 billion. This is a decline from $1,241 billion in 2013, primarily due to the collapse of flows to Russia.

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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 Asia-Pacific CEO Summit

October 19-21, 2014

Singapore

Hosted by DBS Bank, the Summit is a special regional event held every year as part of IIF’s efforts to strengthen relations with and among our members in the region. Participants this year will discuss a range of topical issues relevant to banks and other financial firms active in Asia-Pacific region.

2014 IIF Executive Program on Risk Management - Strategic Considerations for Current Regulatory Reforms and Their Implementation Challenges

October 22-24, 2014

Hong Kong

Offered in cooperation with HSBC, this three-day program succinctly brings together many of the key issues and evolving risk responsibilities to allow insightful discussions on how to best manage the governance of risk amid the evolving regulatory landscape. Specifically, sessions explore how to effectively bring together the risk disciplines with in-depth looks at risk appetite and stress testing.

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