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.

Global debt has topped $250 trillion—320% of GDP; emerging market debt hits a new record of $71.4 trillion (220% of GDP); With limited room for further monetary easing, debt service costs will be an increasing constraint on fiscal policy; Climate change is driving significant reallocation in investor portfolios; high-debt countries will have a much harder time coming up with funding to address climate risks; USD hovering at record highs despite Fed rate cuts this year: persistent growth in demand for U.S. liquidity as dollar debt across EM and mature markets (ex-U.S.) hits record highs. Non-U.S. banks are increasingly reliant on USD funding.

Research

GMV: Is the Dollar Overshooting versus EM Currencies? Thursday, November 21, 2019

The Dollar has risen to a record high versus EM currencies. We investigate if this Dollar strength is the beginning of a trend, ... or if valuation will increasingly force the Dollar back down against EM. EM currencies that suffered the most pronounced falls in recent years, … a...

Macro Notes: Can Russia Boost Growth? Wednesday, November 20, 2019

Russian authorities announced a policy pivot towards growth. National projects exceed 3% of GDP per year over 2019-24. Apart from national projects, policies will likely remain tight. We therefore expect only a modest pickup in Russia’s growth.

Lebanon: Outflow Controls Show Need for Reform Tuesday, November 19, 2019

Lebanon's capital controls may avert short-term crisis. Yet they can pose a long-term cost by discouraging inflows, which play a pivotal role in the country's economic model. Timely formation of a new government with a strong commitment to reform can boost confidence and enable removal of controls.

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Advocacy

IIF November Global Regulatory Update Wednesday, November 20, 2019

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

Tim Adams Scene-Setting Remarks To The 26th Annual IAIS Conference Thursday, November 14, 2019

IIF President and CEO, Tim Adams, delivers scene-setting remarks to the 26th Annual IAIS Conference in Abu Dhabi, UAE. Speech as prepared for delivery.

The Value of Cross-Border Banking and the Cost of Fragmentation Wednesday, November 13, 2019

This IIF staff paper evaluates the benefits of cross-border banking, with a focus on its implications for the macroeconomy and financial stability. It also includes policy proposals to reduce market fragmentation and maximize the net benefits of cross-border banking.

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Innovation

FRT Episode 52: Future of Finance Wednesday, November 13, 2019

Huw van Steenis visits FRT to discuss the wide-ranging Future of Finance report that he authored for the Bank of England.

FRT Episode 51: Fintech Beat with Chris Brummer Tuesday, November 5, 2019

FRT joins forces with CQ Roll Call’s Fintech Beat podcast. Fintech Beat Host, Professor Chris Brummer of Georgetown University, and FRT's own, Brad Carr from the IIF, share their key takeaways across IIF's Annual Membership Meeting, the IMF & World Bank annual meetings, and DC's FinTech Week.

FRT Episode 50: FDIC Chair Jelena McWilliams Monday, October 28, 2019

FDIC Chair Jelena McWilliams joins IIF CEO Tim Adams and Brad Carr to discuss the roles for banks and supervisors in enabling innovative solutions for customers and promoting greater financial inclusion.

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Upcoming Events

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Institute of International Finance

IIF Weekly Insight: Game of Loans

Global Debt Monitor: High debt may exacerbate climate risk

GMV: The Engine Room of our Inflation-Consistent NAIRUs

FRT Episode 52: Future of Finance

Research

Advocacy

Innovation

Upcoming Events

2019 Fall IIF European CRO Forum

2019 IIF 6th Annual European Banking Union Colloquium

2020 IIF Spring Membership Meeting