December 2009 Capital Markets Monitor and Teleconference
December 2009 Global Economic Monitor and Teleconference
December 2009 Capital Markets Monitor and Teleconference
December 14, 2009 — What difference a year makes! The fear of financial collapse at the end of last year has been dispelled, the global recovery has gained some traction and financial markets worldwide have posted impressive recoveries. Nevertheless, as 2009 comes to an end, uncertainty has grown about the timing and impact of a withdrawal of the unprecedented financial support, monetary accommodation and fiscal stimulus measures adopted by the US, Europe and other countries to deal with the crisis.
- Concerns about fiscal deterioration in mature market countries
- Re-pricing of corporate credit on assumption of implicit state support
- Potential impact of withdrawing financial support measures
- The health of the banking system
- Risks of asset price distortion
- Overall, it is important to guard against another episode of significant and widespread under-pricing of risk with a judicious mix of sensible macroeconomic and prudential policies.
Following the monthly publication of the Capital Markets Monitor Hung Tran hosted a webconference on Tuesday, December 15, 2009. The presentation and audio recording of the briefing are now available for viewing or download.
December 2009 Global Economic Monitor and Teleconference
December 11, 2009 — The global economy is evolving broadly along the lines that we have been projecting from some months. Some countries returned to positive real GDP growth in 2009Q2, but most did so in Q3, while virtually all should do so in the current quarter and 2010H1. Although the best is probably still yet to come on global growth, we are leery of extrapolating this strength into 2011:
- The financial hangover from the excesses of 2004-07 is not fully behind us.
- Deflation problems in mature economies — especially Europe and Japan — will restrain growth into 2011.
- The unwind of the extreme policy expansions of 2008-09 will begin in 2010 (in Europe) and 2011 (in the United States).
Following the monthly publication of the Global Economic Monitor Phil Suttle hosted a teleconference on Monday, December 14, 2009. The presentation and audio recording of the briefing are now available for viewing or download.
IIF Releases Report on Reforms in the Financial Services Industry
December 9, 2009 — The world’s leading financial services firms are implementing far-reaching operational and governance reforms as they draw key lessons from the financial crisis. “The scale of the reforms being put in place in the financial industry is substantial,” said Dr. Josef Ackermann, Chairman of the Board of Directors of the Institute of International Finance (IIF), Chairman of the Management Board and the Group Executive Committee of Deutsche Bank AG.
Key Management Changes Announced at the Institute of International Finance
November 10, 2009 — Charles Dallara, Managing Director of the Institute of International Finance, announced a series of senior level management appointments today. “We are strengthening further the leadership of the Institute at a time of unprecedented change in the global financial market environment and as far-reaching regulatory reforms are under discussion,” he said.
IIF Holds Its Annual Asian Regional Financial Leaders’ Meeting for the First Time Ever in Hanoi, Vietnam
November 9, 2009 — The IIF is holding its annual Asian regional financial leaders’ conference for the first time ever in Hanoi, Vietnam on November 12-13, 2009, with co-hosts JSC Bank for Foreign Trade of Vietnam (Vietcombank) and JSC Military Bank. “This event represents an important milestone on Vietnam’s journey to become more engaged in global finance and the global economy, and for its leading banks to enhance their participation with peers from across Asia in exchanging views on today’s critical economic and financial issues,” said Mr. Charles Dallara, IIF Managing Director.
Group of Trustees of the Principles for Emerging Markets Meet in Istanbul, Turkey
October 4, 2009 —
Statement by the Co-Chairmen on behalf of the Group of Trustees.
Mr. Jean-Claude Trichet, President, European Central Bank
Mr. Henrique de Campos Meirelles, Governor, Central Bank of Brazil
Mr. Toshihiko Fukui, President of the Canon Institute for Global Studies and Former Governor of the Bank of Japan
Financial Industry Calls for a New Phase of Systematic Dialogue on Global Regulation
October 3, 2009 — Financial Industry Calls for a New Phase of Systematic Dialogue on Global Regulation – Capital Requirements, Liquidity Management, Cross-Border Resolution, Accounting Standards and Compensation.
2010 IIF Spring Membership Meeting
June 9-11, 2010
Vienna, Austria
We are pleased to open pre-registration for our upcoming Spring Membership Meeting. Details inside.
2009 IIF Annual Membership Meeting
October 2-4, 2009
Istanbul, Turkey
We are pleased to announce the success of the 2009 IIF Annual Membership Meeting held Saturday, October 3 and Sunday, October 4 in Istanbul, Turkey. Presentations now available
Lead Sponsors
Akbank
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Premier Sponsor
Samba
Anchor Sponsor
Standard Chartered
Supporting Sponsors
BNDES
Finansbank
National Bank of Kuwait
The Olayan Group
TEB
2010 PDP Executive Program on Risk Management: What We Have Learned
March 15-18, 2010
Beirut, Lebanon
This four-day Executive Program is targeted to chief risk officers and senior risk officers and executives and is designed to provide, in a short period of time, a credible update on key aspects of risk management, including issues and developments in risk governance, the role of and input in of risk managers in aligning strategy and risk, and the implications for risk managers of the recent enhancements affecting risk management.
2010 IIF Latin America Economic Forum
March 21, 2010
Cancún, Mexico
The Institute of International Finance will present its Latin America Economic Forum on the occasion of the 2010 Annual Meeting of the Inter-American Development Bank. The Forum will focus on the outlook for Latin America against the background of recent global economic and financial developments.
2010 IIF Maghreb Banks CEO Meeting
April 12-13, 2010
Tunis, Tunisia
The IIF is holding its sixth annual Maghreb Banks CEO Meeting this spring in Tunis, hosted by Amen Bank.
