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

Macro Notes: Tourism - Downside Risks Dominate Outlook Wednesday, October 28, 2020

Tourism will likely be among the last sectors to recover from the COVID-19 shock. The recovery has been slow and uneven, and further warning signs are emerging. We continue to expect a 60-70% drop in tourism revenues in our baseline scenario. Rising infections in the United States and Europe may require renewed lockdowns. Countries like Mexico, South Africa, Thailand, and Turkey would be most affected.

China Spotlight: Implications of U.S. Sanctions on Hong Kong Tuesday, October 27, 2020

The Hong Kong Autonomy Act (HKAA) stipulates potentially highly damaging sanctions. At the extreme, the U.S. may disconnect China’s banks and corporates from the U.S. Dollar. Should the conflict escalate, we worry about unintended consequences for global markets.

Economic Views: The EM Local-Currency Bond Sell-Off Tuesday, October 27, 2020

The sell-off in local-currency government bonds has been deep. We construct a new monthly dataset of flows to local bonds, … that expands on the information available in BoP statistics. Outflows were the largest in Mexico, South Africa, and Turkey. International issuance ...

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Advocacy

2020 PCG Report on the Implementation of the Principles Friday, October 23, 2020

Building on the quarterly conference calls of the Principles Consultative Group, the 2020 PCG report takes stock of the impact of the Covid-19 crisis on the global sovereign debt markets, emerging markets capital flows and debt sustainability, especially in developing countries.

Summary of 2020 AMM Key Regulatory and Policy Discussions Friday, October 23, 2020

The IIF Regulatory Affairs Department is pleased to share a comprehensive summary of the key regulatory and policy discussions that took place during the IIF’s 2020 Annual Membership Meeting.

IIF Sustainable Finance Monitor - October 2020 Monday, October 12, 2020

The IIF Sustainable Finance Monitor covers key developments in the global sustainable finance agenda. In the October issue, we discuss the IIF's Taskforce on Scaling Voluntary Carbon Markets and the transition to net zero emissions, share key updates on policy and regulatory developments, the latest on key initiatives, frameworks and tools, our ESG market snapshot, and SFWG activities and events.

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Innovation

Briefing Note: Key Digital Finance Themes Monday, October 26, 2020

This briefing note summarizes some of the key digital finance themes that emerged throughout the Annual Membership Meeting, focusing on six main topical themes that surfaced in various discussions during the weeklong virtual event, including customer-centricity, cross-border standardization, regulatory frameworks, digital identity, ethical use of data, and artificial intelligence.

FRT Episode 78: Identity, Inclusion & Interoperability Wednesday, October 21, 2020

With the criticality of Digital Identity underlined by the pandemic and recent economic shifts, we discuss the opportunities to support SMEs in the digital economy and promote financial inclusion, and the importance of enabling interoperability.

Briefing Note: The 2020 IIF Digital Interchange Tuesday, October 6, 2020

This briefing note summarizes some of the key themes from the IIF Digital Interchange: The Global Dialogue on Digital Finance, a virtual event which brought together leading executives, specialists, and policymakers to discuss the economy of tomorrow.

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