The IIF is the leading voice for the financial services industry on global regulatory issues. We engage continuously and constructively with global standard setters and policymakers through formal submissions and reports, as well as through regular dialogue and high-level symposia.
We help shape the global policy and regulatory agenda by providing industry input and feedback on critical issues such as sustainable finance, international capital and liquidity standards for banks and insurers, combating financial crime, supervision and risk management, and accounting standards, among many others.
The IIF organizes groups of representatives from members to articulate international perspectives on regulatory and supervisory issues, and to interact with corresponding groups in the official sector.
The final scorecard for COP26 is an improvement over previous COPs, but well short of outright victory.
In November, the IIF responded to the European Commission’s public consultation on enhancements to public/private partnerships and cooperation across the EU for tackling financial crime.
In this paper, the Institute of International Finance and Deloitte Transactions and Business Analytics LLP highlight four areas of focus where continued reform could build on the good work and progress already underway globally to help improve the effectiveness of the anti-financial crime framework.
On August 31, the Federal Insurance Office (FIO) of the U.S. Treasury announced that it would be seeking public input on the FIO's future work relating to the insurance sector and climate-related financial risks. This Request for Information (RFI) came in response to President Biden’s May Executive Order on Climate-Related Financial Risk, which directed federal agencies to incorporate climate change issues into their regulatory priorities. On November 12, the IIF submitted its response to the FIO RFI.
The Institute of International Finance (IIF), supported by Ernst & Young LLP, has developed a set of voluntary “guidance templates” to support disclosures by financial institutions aligned with the Recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), with a focus on the banking sector.
The October 2021 edition of the Insurance Update provides targeted updates on IIF insurance activities and events.
The November U.S. Regulatory Update covers Fed announcements on cybersecurity initiatives, climate-related financial risk, AML/CFT policy priorities, and more.
The 2021 Principles Consultative Group (PCG) report features an interim report on updating the Principles for Stable Capital Flows and Fair Debt Restructuring based on contributions from PCG members. Changes in sovereign debt markets over the past decade, lessons learned from recent debt restructurings, the emergence of the DSSI and Common Framework, and the surge in investor interest in ESG considerations all underscore the need to update the Principles.
This report examines the growth of global carbon markets, focusing on interactions between compliance and voluntary markets, and highlights implications for businesses, financial institutions, and policymakers.
The October 2021 Global Regulatory Update provides updates on current work streams.