October 28, 2013

The IIF today released its updated forecast for the Middle East and North Africa (MENA), noting that the divergence in economic prospects between oil exporting and oil importing countries has grown since the beginning of the Arab Spring uprisings. The sixteen countries covered by IIF’s overview are expected to register overall GDP growth of 2.9 percent in 2013, rising to 3.8 percent in 2014.

October 22, 2013

The Paris Club and the Institute of International Finance jointly organized for the 13th consecutive year a meeting between Paris Club creditors, representatives of Paris Club associated members and of private creditors. IMF and World Bank representatives also attended the meeting. Official creditors and private sector representatives discussed several current global finance issues: the changing landscape of capital flows in low income countries and the potential associated challenges; the most recent restructuring activities of the Paris Club; a forward-looking vision of the group of creditors, including its pivotal role in the changing landscape of global finance; the existing framework for sovereign debt crisis prevention and resolution; and the key features of recent sovereign debt restructurings.

October 18, 2013

In 2009, the Financial Stability Board put forward Implementation Standards to reform compensation practices within the financial services industry. In its fourth report, IIF and Oliver Wyman surveyed the progress made by global wholesale banks and found that the FSB’s standards have been largely embedded into the business practices of the industry. Survey respondents generally believe that practices have been reformed in five main areas: improved alignment of compensation with risk-adjusted performance; tightening the governance of compensation; increasing the use of deferrals, vesting and clawback arrangements; limiting the use of guaranteed bonuses; and enhancing public disclosure. Survey respondents indicated that the implementation of the FSB standards has been substantively completed and that progress on further embedding the reforms within the business culture of the firm would continue.

October 13, 2013

IIF today released a statement ahead of the International Association of Insurance Supervisors’ Annual conference, after the IAIS announced they would develop a global insurance capital standard by 2016.

October 12, 2013

Statement by the Co-Chairmen on behalf of the Group of Trustees

  • Mr. Agustín Guillermo Carstens, Governor, Banco de México
  • Mr. Zhou Xiaochuan, Governor, People’s Bank of China
  • Mr. Toshihiko Fukui, President, the Canon Institute for Global Studies and Former Governor of the Bank of Japan
  • Mr. Christian Noyer, Governor, Banque de France
October 11, 2013

The Institute of International Finance (IIF) today welcomed three new members of the Board of Directors: Dr. Yahya Alyahya, Chief Executive Officer of Gulf International Bank; Daniel Pinto, Co-CEO, Corporate & Investment Bank, JPMorgan; and Takashi Tsukamoto, Chairman, Mizuho Financial Group.

October 11, 2013

A report released today by the Institute of International Finance and Bain & Company identifying impediments to financing small and medium-sized businesses in Europe, detailing solutions to removing the impediments and called for the creation of national taskforces in Europe to implement these solutions. SMEs in Europe have seen major declines in financing since the onset of the financial crisis in 2008.

October 11, 2013

In an interview on Bloomberg Television’s “Surveillance,” IIF President and Chief Executive Officer Tim Adams talks about the U.S. political impasse over increasing the debt ceiling, financial regulation and the global banking system.

October 7, 2013

Capital flows to emerging economies have seen a sharp retrenchment in recent months, but should recover gradually in coming quarters according to the latest IIF Capital Flows Report. On an annual basis, total capital inflows will be lower in both 2013 and 2014 (see Table below) than in 2012. Compared to the IIF’s June 2013 report, the annual forecasts are down by approximately $80 billion for both years.

October 7, 2013

IIF today released a study analyzing the current state of emerging market economies and discussing steps that need to be taken to revitalize growth. The study analyzed the structural factors that are contributing to slow growth and found that the slowdown, in part, reflects underlying fundamentals. The study also noted that the weakening of merging market growth also reflects a slow pace of structural reforms.

Media Contacts

Dylan Riddle

Tel: +1 202.857.3626

Email: driddle@iif.com