Entries for 'Banking'

Emissions Impossible: IIF/WTW joint research report on quantifying financial risks associated with the net zero transition.

Cybersecurity has returned to the top of the list of near-term risks for banks around the world, according to the latest EY and Institute of International Finance (IIF) bank risk management survey.

The IIF has submitted a comment letter to the European Banking Authority (EBA) Discussion Paper on the role of environmental risks in the prudential framework.

The IIF has submitted a letter to the FATF on changes to FATF Recommendation 25 concerning the beneficial ownership of legal arrangements.

The IIF has submitted a comment letter to the International Sustainability Standards Board (ISSB) on the ISSB’s Exposure Draft IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and Exposure Draft IFRS S2 Climate-related Disclosures.

This paper contributes industry perspectives on the theoretical basis, methodological approaches, and potential implications of using the regulatory capital framework to address climate-related risks.

The IIF, ISDA, and GFMA provided public comments to the Financial Stability Board (FSB) on its Interim Report on "Supervisory and Regulatory Approaches to Climate-related Risks."

On April 11, 2022, the IIF responded to the SEC’s proposed rule: Money Market Reform (File No. S7-22-21).

The IIF has published an updated White Paper concerning issues for effectiveness and international coherence in financial crime reform efforts underway in the European Union.

On February 7, 2022 the IIF submitted comments on the Notice of Proposed Rulemaking by FinCEN in the United States which proposes to establish beneficial ownership reporting requirements.

The IIF has responded to the consultation of the FATF on amendments to Recommendation 24 concerning beneficial ownership transparency standards. 

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.

More than nine in ten (91%) of surveyed bank chief risk officers (CROs) view climate change as the top emerging risk over the next five years. Only about half (52%) of CROs said the same in 2019.

The IIF has submitted comments on an Advanced Notice of Proposed Rulemaking by the Financial Crimes Enforcement Network in the US on beneficial ownership information reporting reform.

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

This staff paper discusses the heightened importance of coordination among an internationally active bank’s supervisors during the COVID-19 pandemic and suggests opportunities to continue enhancing supervisory coordination through the crisis and the recovery phase.

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.