The IIF has responded to the consultation of the European Commission on the mandate for Europol.

The IIF submitted comments to the European Banking Authority on their recent consultation on money laundering and terrorist financing risk factor guidelines. 

The IIF welcomes the Bank of England discussion paper Central Bank Digital Currency: opportunities, challenges and design, published on March 12, 2020, which provides an important contribution to this emerging field and identifies and fosters discussion on key issues.

The IIF provides high-level comments to the European Commission’s public consultation on the revision of the EU Non-Financial Reporting Directive (NFRD).

The Institute of International Finance (IIF) and the Global Financial Markets Association (GFMA) today sent a joint letter to the Financial Stability Board (FSB), Basel Committee on Banking Supervision (BCBS), International Organization of Securities Commissions (IOSCO) and Committee on Payments and Market Infrastructures (CPMI) to encourage the development of global principles on the operational resilience of financial institutions.

Informed by our working group discussions, this letter is meant to frame the accompanying Terms of Reference for private sector consideration of borrower requests within the DSSI.

The IIF submitted a comment letter to the International Accounting Standards Board (IASB) Exposure Draft

In response to the G20 Debt Service Suspension Initiative (DSSI) and calls in the IMFC, Development Committee and Paris Club communiqués for private sector participation, this letter provides an update on IIF activities, shares views from the international financial community, and outlines thoughts on a potential approach to voluntary private sector participation in the DSSI.

This letter from IIF President and CEO, Tim Adams, to the IAIS comments on legislative proposals that would require the payment of business interruption or other insurance claims notwithstanding the fact that the contracts in question often do not cover pandemics such as COVID-19, and some contracts in contain specific pandemic exclusions.

On behalf of the IIF membership—over 450 global firms across the financial services industry—President and CEO Tim Adams expresses our grave concern about the threat to debt sustainability posed by the COVID-19 pandemic.