May 1, 2014

Monetary policymakers face difficult decisions ahead when comparing current trends in credit growth with asset valuation, according to a new research note by the Institute of International Finance. In its May edition of the Capital Markets Monitor, the IIF takes a closer look at the interaction between the “credit gap” and asset valuations. The issue of a “credit gap” was raised in the April edition of the IIF’s CMM.

April 28, 2014

April 28, 2014 — The Institute of International Finance today released new estimates for portfolio flows to emerging markets for April 2014 that saw portfolio inflows moderate during the month after a strong rebound in March. The IIF estimates emerging markets received $25 billion in portfolio inflows from global investors, compared to $38 billion in March and $17 billion in February. The April figure reflects $15 billion going into emerging market bond markets (portfolio debt) and $10 billion into emerging market stock markets (portfolio equity).
April 8, 2014

Speaking at a high level roundtable at the Fifth IMF Fiscal Forum—an annual meeting of senior officials from ministries of finance from the major economies in the world—IIF President and CEO Tim Adams discussed the fiscal policy challenges and priorities as the global economy transitions to “normality.” Panelists discussed the near-term challenges as monetary policy normalizes and assess the scope for fiscal policy to promote higher, equitable, and more inclusive growth in a challenging global environment.

April 7, 2014

The Institute of International Finance today submitted its response to the Financial Stability Board’s proposed assessment methodologies for identifying non-bank non-insurer (NBNI) global systemically important financial institutions. “How to properly identify and address systemic risk remains international regulators’ primary focus,” said Tim Adams, president and CEO of IIF. “We appreciate the work the FSB has done in this space, and we reiterate our support of the FSB’s focus on activities and not entities.”

March 26, 2014

March 26, 2014 — The Institute of International Finance today released new estimates for portfolio flows to emerging markets for March 2014 suggesting that portfolio inflows rebounded in the last two months, following emerging market stress in early 2014. IIF estimates emerging markets received $39 billion in portfolio inflows in March, up from $25 billion in February and $5 billion in January.

March 25, 2014

The undersigned financial services trade associations, based in the US and Europe, today issued the following statement in support of a Transatlantic Trade and Investment Partnership (TTIP) that includes financial services regulatory coordination, in advance of the March 26 EU-US Summit attended by US President Barack Obama, European Council President Herman Van Rompuy and European Commission President José Manuel Barroso:

March 20, 2014

In an Op-Ed in the The Hill, IIF President and CEO Tim Adams urges the U.S. Congress to enact the IMF funding and governance reforms agreed to by the G20 in 2010. All major countries, including important U.S. allies, have ratified these reforms except for the United States. The recent crisis in Ukraine should remind lawmakers of the importance of the IMF to U.S. interests and encourage them to enact these reforms into law.

March 13, 2014

IIF today released a new indicator that tracks aggregate portfolio flows to emerging market countries on a monthly basis. Emerging market external vulnerabilities have come to the fore in recent months, underscoring the importance of monitoring international portfolio flows. However, data limitations make it difficult to track these flows in real time: Some data sources are comprehensive, but not timely—especially balance of payments data. Other data sources are timely, but not comprehensive—such as EPFR data. IIF believes this new tracker will provide a timelier and more accurate reading of portfolio flows to emerging market countries than conventional data sources, which tend to understate portfolio inflows.

March 12, 2014

IIF today announced that it will soon open an office in Dubai in recognition of the region’s growing stature in the global financial system and to better serve its members. In addition, it announced that Wolfgang Engel will become IIF’s Chief Representative for the office. Engel currently serves as Director of Global Membership for IIF in Washington.

February 25, 2014

The Institute of International Finance today released the following statement from IIF President and CEO Tim Adams regarding Financial Stability Board Chairman Mark Carney’s letter to G20 Finance Ministers and Central Bank Governors on implementation of the G20’s global reform agenda:

“IIF reiterates its support for the core elements of the G20’s regulatory reform agenda. It welcomes the strong commitment by the FSB to completing the remaining portions of the agenda in 2014.”

“As noted in Gov. Carney’s letter to the G20, the industry has implemented many elements of the reform agenda several years ahead of the official deadline. Now, as policy makers finish the job, they need to make sure it is completed in a globally consistent way.”

Media Contacts

Dylan Riddle

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