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.

Interest in our capital flows work has risen sharply since the EM sell-off, with many asking where and how much foreign investor positioning has changed. Foreign capital flows to EM are a key, but incomplete, part of the positioning story, since they capture buying and selling, but not all the valuation changes in between. We unveil a new database that adds valuation changes to our existing flows work, giving, to our knowledge, the most complete and up-to-date EM positioning snapshot. It is most complete since it is based on official balance of payments data across EM. It is timely as it incorporates high frequency tracking of flows and valuation changes. Brazil is the most under-positioned EM, while South Africa is most over-positioned.

Research

Weekly Insight: Centrifuge Thursday, December 13, 2018

U.S.: $1.5tn in student loans present fiscal risks; $1tn in leveraged loans vulnerable to rising interest rates ; Banking flows to the UK weaken since the Brexit referendum; Inflation under control in most key EMs; but central bank independence under scrutiny in many countries; RMB gains as a global reserve currency; foreign investor demand for bonds shifts from China to other EMs

Global Macro Views: Capital Flows and EM Positioning Wednesday, December 12, 2018

Foreign capital flows to EM are a key, but incomplete, part of the positioning story, since they capture buying and selling, but not all the valuation changes in between. We unveil a new database that adds valuation changes to our existing flows work, giving, to our knowledge, the most complete and up-to-date EM positioning snapshot.

Romania: Growth Moderates Wednesday, December 12, 2018

Activity will weaken as the fiscal stimulus reaches its limit and consumption contributes less to growth. Without corrective measures, Romania could re-enter the EU’s Excessive Deficit Procedure in 2019. The prevailing shortage of skilled workers will constrain investment and potential gro...

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Advocacy

November 2018 Global Regulatory Update and Podcast Tuesday, December 11, 2018

The November 2018 IIF Global Regulatory Update provides updates on current work streams in regulatory capital, recovery and resolution, accounting, cybersecurity, risk management, digital finance, sustainable finance, AML/CFT, insurance, and upcoming events.

IIF Insurance Update - November/December 2018 Friday, December 7, 2018

The November/December Insurance Update provides targeted updates on IIF insurance activities and events, and highlights relevant IIF publications or related regulatory developments in other fields.

FRT Episode 19: Live from RiskMinds - Agility and Transformation Friday, December 7, 2018

Marcus Chromik (Commerzbank CRO) and Harold Marcenaro (BCP Head of Digital Risk) join FRT at the RiskMinds International conference in Amsterdam, sharing their insights with Risk practitioners’ perspectives on the opportunities and challenges in digital transformation (Brad Carr).

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Innovation

Machine Learning Paper on Explainability in Predictive Modeling Monday, November 5, 2018

As the first paper in the IIF's Thematic Series on Machine Learning, we explore the topic of "explainability" of these techniques as they are adopted

A New Kind of Conglomerate: Bigtech in China Thursday, November 1, 2018

China is seeing the rise of a new kind of conglomerate, companies that occupy unprecedented roles in the world's second largest economy. With business

IIF Cloud Computing Paper (Part 2) Tuesday, October 9, 2018

Continuing the IIF's 3-part series on Cloud technology in the financial services industry, our Part 2 paper expands on that by looking at the challeng

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Upcoming Events

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2019 IIF Asia Pacific CRO Forum

Sydney, Australia

February 11 to February 12

2019 IIF Spring Membership Meeting: The G20 Agenda under the Japanese Presidency

Tokyo, Japan

June 06 to June 06

Romania: Slower growth, additional wage increases, and a cut in the personal income tax rate will likely widen the fiscal deficit beyond the EU’s threshold of 3% of GDP in 2018.

12 Dec 2018

Romania’s activity will weaken as the fiscal stimulus reaches its limit and consumption contributes to less growth.

12 Dec 2018

Large current account surplus, high international reserves, and moderate external amortization have allowed Russia to manage the costs of limited international borrowing options.

11 Dec 2018

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Institute of International Finance

Weekly Insight: Centrifuge

Global Macro Views: Capital Flows and EM Positioning

FRT Episode 19: Live from RiskMinds - Agility and Transformation

Research

Advocacy

Innovation

Upcoming Events

2019 IIF Asia Pacific CRO Forum

2019 IIF Spring Membership Meeting: The G20 Agenda under the Japanese Presidency