Washington, D.C., September 8, 2016 - The Institute of International Finance (IIF) today released a staff paper outlining the pronounced potential impact' on emerging market economies (EMs)' by proposed changes to the global bank capital framework by the Basel Committee.
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The paper focused on the major changes to credit risk calculations proposed by the Basel Committee and where those proposals stand to impact the provision of finance to business, as well as other financial products.

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The paper covered areas including trade finance, corporate borrowing, corporate hedging and infrastructure, and noted that the potential impact on the ability of EMs to generate growth warrants the examination of possible changes to the current proposals.

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The paper followed several previous submissions by the IIF on the BCBS's Consultative Documents this year, including a response to Basel Committee Proposal on Internal Modeling for Credit Risk , which also highlighted concerns about the bluntness of the Committee's proposals over internal models and offered constructive alternate solutions to the approach. ' '

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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; to develop sound industry practices; 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.