The focus of this Staff Paper is on how new ECL standards work, how they introduce procyclicality under deteriorating credit conditions, and what actions and guidance regulators and accounting standard-setting bodies have issued to help avoid excessive procyclicality in the current crisis.
The U.S. Federal Reserve and the Federal Government have begun to implement a series of policy measures to address the economic and financial fallout of the COVID-19 pandemic, the two grids in this document break out the recent policy responses.
The Institute of International Finance (IIF) and McKinsey & Co. have completed a joint survey around cyber resilience to provide an understanding of current and planned practices that financial firms are undertaking to enable and strengthen firm-level and sector-level cyber resilience.
The IIF outlines 5 key policy tools that international economic policymakers should be striving to use, now. No one action can turn the tide against COVID-19, but international coordination will prove crucial to limiting the damage.
The focus of this IIF Staff Paper, “Managing Through the COVID-19 Pandemic: How Financial Firms are Responding,” is how the financial services industry has been responding to date to the pandemic with an emphasis on the role of business continuity plans - including measure for possible pandemics.
The March edition of the Insurance Update provides targeted updates on IIF insurance activities and events, and highlights relevant IIF publications or related regulatory developments in other fields.
Given the global nature of the climate change agenda, global leadership is essential to encourage the development of well-aligned and considered regulatory and supervisory frameworks across jurisdictions. However, there are already signs of fragmentation in several policy areas.
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.
The November U.S. Regulatory Update covers the Federal Reserve’s final foreign banking organization tailoring rules, the revised Volcker Rule approval, CFTC and OCC news, along with Congressional updates and hearings summaries, and more.
The 10th Annual IIF/EY Global Bank Risk Management Survey, “An endurance course: Surviving and thriving through 10 major risks over the next decade”, carried out by the Institute of International Finance (IIF) and EY, observes and reports on changes in how banks manage risk.