Entries for 'Policy Issues'

Following a series of discussions with the Insurance Working Group (IWG), the IIF submitted its response to Phase 2 on January 21, 2022.

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.

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 takes stock of emerging public sector and banking industry practices on the topic of Scenario-based Climate Risk Measurement (SCRM). The Institute of International Finance (IIF) conducted a stock-taking exercise with 20 large member banks to gather industry experiences on SCRM exercises. 

The Institute of International Finance (IIF) and the Global Financial Markets Association (GFMA) have published a joint paper – “2021 Priorities for Strengthening Global Operational Resilience Maturity in Financial Services” – that sets out how to continuously improve and strengthen the level of operational resilience in the financial system.

The objective of this paper is to communicate global industry views on the rapidly evolving set of supervisory and regulatory approaches to climate-related and environmental risks facing the banking and insurance sectors.

Building on the quarterly conference calls of the Principles Consultative Group, the 2020 PCG report takes stock of the impact of the Covid-19 crisis on the global sovereign debt markets, emerging markets capital flows and debt sustainability, especially in developing countries. 

Building on the IIF’s previous work in this area, the paper endeavors to address the continued criticality of improving economic and financial crime risk management by facilitating the increased sharing of information on financial activity linked to crime and terrorism.

The IIF welcomes the Bank of England discussion paper Central Bank Digital Currency: opportunities, challenges and design, published on March 12, 2020, which provides an important contribution to this emerging field and identifies and fosters discussion on key issues.

The Institute of International Finance (IIF) on February 11th conveyed its financial services regulatory priorities for engagement with the new European Commission in a letter to Executive Vice-President Valdis Dombrovskis. 

In a 2019 survey, the IIF Sustainable Finance Working Group (SFWG) polled member firms on their views: a significant majority agreed that industry alignment around simplifying terminology and product names into a few broad categories could greatly advance the goal of scaling up sustainable finance.

The 2019 Report on the Implementation of the Principles takes stock of the quarterly discussions of the Principles Consultative Group (PCG), which includes senior officials from emerging and mature market economies as well as senior bankers, investors and sovereign debt experts.

This report, produced under the auspices of the IIF SFWG, aims to provide insight on current “leading practices” among financial firms in implementing TCFD recommendations, providing a snapshot of “what good disclosure looks like.” These examples should help prompt discussion within the industry and inform dialogue with regulators and supervisors on how to achieve the goals of the TCFD, particularly on appropriate pricing of climate-related risks and financial stability.

A new set of private sector principles to enhance transparency in sovereign debt markets.