On January 11, the IIF submitted its response to the IAIS/SIF consultation on the Application Paper on the Supervision of Climate-related Risks.

The IIF submitted comments on the FSB’s discussion paper, "Regulatory and Supervisory Issues Relating to Outsourcing and Third-Party Relationships." 

The IIF submitted a comment letter to the IFRS Foundation’s Consultation Paper on Sustainability Reporting.

The Institute of International Finance (IIF) on December 1st conveyed its financial services regulatory priorities for engagement with the new European Commissioner for Financial Stability, Financial Services and Capital Markets Union, Mairead McGuinness. 
 

The IIF has provided comments on the US Financial Crimes Enforcement Network Advanced Notice of Proposed Rulemaking on AML Program Effectiveness. 

The Institute of International Finance (IIF) and the Global Financial Markets Association (GFMA) have submitted a joint response letter to the Basel Committee on Banking Supervision (BCBS) supporting the draft principles put forward in their Consultative Document “Principles for operational resilience.”

The Institute of International Finance (IIF) and the Global Financial Markets Association (GFMA) submitted a joint response letter to the Basel Committee on Banking Supervision’s (BCBS) Consultative Document “Revisions to the principles for the sound management of operational risk.” 

Building on the IIF’s previous work in this area, the paper endeavors to address the continued criticality of improving economic and financial crime risk management by facilitating the increased sharing of information on financial activity linked to crime and terrorism.

On October 1, the IIF and GFMA submitted a response to the UK Authorities’ consultation papers on Operational Resilience.

On September 30, the IIF submitted a response to the FSB Consultation Report on the evaluation of the too-big-to-fail reforms.