Washington, D.C., March 28, 2017 - The Institute of International Finance today released the following statement from President and CEO Tim Adams in advance of the United Kingdom's triggering of Article 50 to leave the European Union.
"The IIF has members from around the world with a presence in the UK and we will actively engage with them over the next two years as this process unfolds. Whatever outcome the UK and EU negotiate, the IIF believes it is essential that the negotiations be as transparent as possible and that reasonable accommodation be made for a smooth transition to the new arrangements, which will help minimize the impact on the financial system and economic growth in the UK, the EU, and globally."
The Institute of International Finance is the global association of the financial industry, with close to 500 members from 70 countries. Its mission is to support the financial industry in the prudent management of risks 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.' For more information visit www.iif.com