July 19, 2013

IIF Executive Managing Director Hung Tran last week delivered a speech at the Banque de France’s Symposium on Sovereign Risk, Bank Risk and Central Banking in Paris (July 8-10, 2013). This text is based on those remarks. At this symposium, Tran discussed how to strengthen the role and efficacy of markets in sovereign debt crisis prevention and resolution and made several suggestions for improvement.

July 18, 2013

The IIF supports the work of policymakers to contain systemic risk and foster stability of the global financial system. As (re-)insurers provide important benefits to the economy as shock absorbers and long-term investors, any policy measures for designated systemic firms need to be targeted to their business model and ensure a level playing field. The IIF and its insurance members have acknowledged the releases by the Financial Stability Board (FSB) and the International Association of Insurance Supervisors (IAIS) announcing a list of nine Global Systemically Important Insurers (G-SIIs) as well as a policy framework to address systemic risk in insurance.

July 16, 2013

In a letter to the editor published today in the Financial Times, IIF President and CEO Tim Adams discusses the importance of a risk-sensitive capital framework. “Sir, In your editorial “In praise of bank leverage ratios” (Editorial, July 11) you seem to imply that some regulators and the financial services industry object to implementing a leverage ratio as a backstop measure to ensure sound and robust bank capitalization. On the contrary, a 3 per cent leverage ratio is now an integral part of the Basel III framework and is being implemented, with support from the industry, in all major jurisdictions, including the EU.”

July 12, 2013

IIF President and CEO Tim Adams today announced two additions to the senior management team. Charles Collyns will join the Institute on August 26 as Managing Director and Chief Economist. Corrie Shanahan will join the Institute on November 1 as Managing Director, Global Communications and Marketing.

June 26, 2013

IIF flagship report highlights rise in private capital outflows from emerging economies, projected to reach $1 trillion in 2013

June 26, 2013 — Net capital inflows to emerging economies have seen a retrenchment in recent months and are forecast to decline this year and next. The IIF projects that net private capital inflows to emerging economies will fall by $36 billion to $1,145 billion in 2013, before declining another $33 billion in 2014. Hung Tran, IIF Executive Managing Director, noted that “investors have become increasingly concerned about the market impact of the Fed’s exit from accommodative monetary conditions, particularly against the backdrop of slower growth in key emerging economies. A further rise in global interest rates would also present challenges for EM policymakers—particularly in countries facing the aftermath of a long period of strong credit growth.”

June 5, 2013

The Institute of International Finance today released a report encouraging national and global policymakers to promote greater consistency between national regulations. The report reviews current consistency efforts underway and contains sixteen specific recommendations for action. The report, Promoting Greater International Regulatory Consistency, responds to mounting concern in both the financial services industry and regulatory community that the determination to achieve global cooperation and coordination is waning, with jurisdictions tempted towards exceptions and purely national approaches—despite considerable efforts since the financial crisis to agree on and implement international standards.

June 4, 2013

Warns of potential ripple effects as the U.S. moves closer to exit from accommodative monetary policy

June 4, 2013 — Following their recent meeting in Rome, members of the IIF’s Market Monitoring Group agreed today to release the following statement, noting: a lack of fundamental support for financial market rallies; risks associated with exit strategies and a potential rise in U.S. bond yields; a need to reconsider zero risk-weighting of domestic government bonds for members of a currency union; potential vulnerabilities exist in parts of the corporate sector; and restrictions on trading “naked” sovereign CDS might impair market efficiency.

May 10, 2013

The 2013 IIF Asia CEO Summit was held in Seoul, Korea, during May 8-10, and hosted by KB Financial Group. The conference brought together more than 100 senior officials from banks and other financial institutions active in Asia, along with analysts and regional policy makers. It focused on a review of the global and regional economic and financial outlook and policy challenges, the opportunities for further development of the Asian financial system, the institutional and regulatory impediments to the development of local currency corporate bond markets, and a roundtable discussion on the impact of new global regulatory reforms on the Asia region. It was concluded that while the banking system in Asia remained well capitalized and resilient, the evolving global financial regulatory framework would pose some challenges, including for cross-border activity and infrastructure financing.

May 9, 2013

Institute of International Finance President and CEO Tim Adams today announced two additions to the IIF management team. Ambassador Kristen Silverberg will join the Institute as of June 1 as General Counsel and Senior Advisor, and Tony Fratto joined the Institute on May 3 as Media Consultant.

April 23, 2013

The IIF’s Council on Asset and Investment Management (CAIM) today released a position paper on the proposed EU Financial Transaction Tax (FTT). CAIM raised concerns that any revenue potentially generated by the proposed FTT would be considerably outweighed by the potential costs in terms of burden on end-users of financial services, potentially weaker economic growth and job losses.

Media Contacts

Dylan Riddle

Tel: +1 202.857.3626

Email: driddle@iif.com