The Institute of International Finance

The Institute of International Finance is the global association of the financial industry, with close to 450 members from 70 countries. Its mission is to support the financial industry in the prudent management of risks; to develop sound industry practices; and to advocate for regulatory, financial and economic policies that are in the broad interests of its members and foster global financial stability and sustainable economic growth. IIF members include commercial and investment banks, asset managers, insurance companies, sovereign wealth funds, hedge funds, central banks and development banks.

Research

GMV: Key Macro Questions for the Annual Meetings Thursday, October 17, 2019

We review key macro questions going into the IIF Annual Membership Meetings. A central question is US and global recession risk, where we see fears as overplayed. Another is the extent of damage from trade tensions and potential for bounce-back now. Even a “truce” should see some b...

Macro Notes: Portfolio Flows - Moderate Recovery to Continue Wednesday, October 16, 2019

We expect a pickup in portfolio flows to emerging markets in 2020. 2019 saw a healthy recovery so far, despite slowing global growth. Central banks’ pivot towards monetary easing supports debt flows. Local markets appear to have attracted large inflows in 2019H1. This was true for established EMs as well as some frontier markets.

MENA: Forward Progress Faces Major Hurdles Tuesday, October 15, 2019

We expect growth in the MENA region to slow to 1.4% in 2019 from 1.8% in 2018, dragged down by the deep recession in Iran and the compliance with the OPEC + deal. This aggregate picture, however, hides considerable heterogeneity in economic paths across the region.

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Advocacy

The Global Framework for Fighting Financial Crime: Enhancing Effectiveness & Improving Outcomes Wednesday, October 16, 2019

Despite tens of billions of dollars being invested in anti-money laundering (AML) and countering the financing of terrorism (CFT) efforts worldwide, stemming the tide of economic crime remains incredibly challenging; the amount of money laundered globally each year is estimated to be 2% to 5% of global GDP, or between 715 billion and 1.87 trillion Euros. In this white paper, the IIF and Deloitte argue that greater emphasis must be placed on improving the legal and regulatory framework and risk management toolkit to enhance effectiveness.

IIF October Global Regulatory Update Tuesday, October 15, 2019

The October 2019 IIF Global Regulatory Update provides updates on the Financial Stability Board along with current work streams in Regulatory Capital, Recovery and Resolution, Cyber Security, Digital Finance, Sustainable Finance, Insurance and upcoming events.

IIF Staff Paper on Cyber Risk Insurance: Advances in Risk Management, Prioritizing Prevention and Protection Wednesday, October 9, 2019

This IIF Staff Paper: “Cyber Risk Insurance Update: Advances in Risk Management, Prioritizing Prevention and Protection” reviews how the cyber risk insurance market is maturing.

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Innovation

FRT Episode 49: Previewing the IIF Annual Membership Meeting Monday, October 14, 2019

We preview the exciting speakers and panel discussions that will feature in the IIF Annual Membership Meeting, to be held in Washington DC on October 16-19.

Digital Identities in Financial Services Part 2: Responsible Digital IDs Monday, October 14, 2019

This paper looks at global digital identity developments, the implications and opportunities for financial service providers, and how the emerging digital identity ecosystem is increasing access to finance and financial inclusion.

FRT Episode 48: Cloud and Critical Infrastructure Friday, September 27, 2019

IIF authors Brad Carr and Daniel Pujazon debrief our recent paper on Cloud Service Providers, and some of the potential regulatory treatments for the increasingly critical role they play in the financial system.

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