In light of the 2024 Spring Meetings of the International Monetary Fund and World Bank Group, this letter sets out private sector perspectives on the G20-IMF-World Bank convened Global Sovereign Debt Roundtable to expedite a predictable and orderly debt restructuring process.

This staff note on developments in the digital euro project reports on new rulebook workstreams, a technical note on holding limits, and exploration of technologies for wholesale central bank money settlement, including planned trials with financial market stakeholders in 2024.

On Thursday, March 28, the Institute of International Finance (IIF), working with other trade associations, submitted a comment letter to the Basel Committee on Banking Supervision (BCBS) in response to a request for comment on the consultative document Cryptoasset standard amendments.

On March 29, the IIF submitted industry perspectives in response to the International Accounting Standards Board (IASB) consultation on its "Exposure Draft on Financial Instruments with Characteristics of Equity (FICE) Proposed amendments to IAS 32, IFRS 7 and IAS 1".

On Thursday, March 28, the Institute of International Finance (IIF) submitted a comment letter to the Basel Committee on Banking Supervision (BCBS) in response to a request for comment on the consultative document Recalibration of shocks for interest rate risk in the banking book.

The February session of DataTalk explored Data Quality and Data Availability in the context of new developments such as AI and GenAI.

On Friday, March 15, the Institute of International Finance (IIF) submitted a comment letter to the Bank of England, Prudential Regulation Authority and Financial Conduct Authority (the UK Authorities) in response to their Consultation Paper on Operational resilience: Critical third parties to the UK financial sector .

On Thursday, March 14, the Institute of International Finance (IIF) submitted a comment letter to the Basel Committee on Banking Supervision (BCBS) in response to a request for comment on the consultative document Disclosure of climate-related financial risks. The International Swaps and Derivatives Association (ISDA) co-signed the comment letter.

On March 11, the IIF responded to EIOPA's consultation on sustainability claims and greenwashing in the insurance and pensions sector. The response to EIOPA follows an earlier response submitted to the IAIS on its consultation on market conduct issues in the insurance sector.

Financial services firms are embracing technologies such as cloud native infrastructure, Applied AI (including generative AI) and automation, including DevOps, to better serve their customers, innovate to offer new products and services, and optimize their business operations.

On March 1, the IIF published its response to the IOSCO Voluntary Carbon Markets - Consultation Report.

This IIF staff note summarizes the UK authorities responses to their consultation on a digital pound, the UK s CBDC project. While the papers provide useful clarity, key financial stability issues remain open, including holding limits and the possibility of the digital pound paying interest.

The February 2024 IIF Digital Asset Forum explored conceptual frameworks for digital asset platforms, including the fragmentation, interoperability, and standardization dynamics that the private and public sectors must work together to solve.

On November 23, the IAIS published a public consultation on climate risk scenario analysis in the insurance sector, which focuses on the use of climate-related scenario analysis as a tool used by both supervisors and insurers to understand the risks to which the insurance sector is exposed at a micro- and macroprudential level.

On February 23, the IIF published its response to the IAIS consultation on climate risk market conduct issues in the insurance sector.

On February 16th, the Institute of International Finance (IIF) submitted a response to the Basel Committee on Banking Supervision Discussion paper on Digital fraud and banking: supervisory and financial stability implications.

The IIF and the International Chamber of Commerce (ICC) have published a new white paper on empirical evidence concerning the risk profile of trade finance under the Basel Framework.

The 13th edition of this joint report is based on survey data from 86 banks across 37 countries and highlights the issues chief risk officers (CROs) view as the most pressing for their organizations now, and in the future.

The IIF and fellow trade associations have submitted a joint response to the BCBS's consultation on the disclosure of cryptoasset exposures.

This note summarizes the digital euro Rulebook Development Group s recent update, identifying potential concerns and positive developments. It also discusses a Copenhagen Economics study on the digital euro's potential impacts on financial stability, innovation and competition, and consumer welfare.

The IIF and Deloitte have collaborated in a third-in-series white paper to offer insights on the state of financial crime risk management reform at the international, regional, and national levels.

The IIF has responded to the Committee on Payments and Market Infrastructures (CPMI) s interim report and consultation on linking fast payment systems across borders: considerations for governance and oversight.

The January IIF Digital Asset Forum featured perspectives on the outlook for digital assets in 2024, including on the investment landscape and the feasibility of active pilot projects. Participants viewed the space with optimism and noted outstanding questions will not be easy to answer.

On Monday, December 18, the IIF submitted a response to the Monetary Authority of Singapore (MAS) Consultation on Transition Planning Guidelines for Financial Institutions.

The IIF and the Wolfsberg Group jointly responded to the a recent FATF consultation on strengthening international standards concerning the beneficial ownership (BO) of legal persons and Legal Arrangements to ensure greater transparency.

The IIF-EY 2023 Public Survey Report on AI/ML Use in Financial Services presents the key results of the fifth edition of our annual AI/ML survey.

This staff paper provides insights into platformization in the financial services sector and the trends driving this emerging development. This work is part of the ecosystem imperative series that IIF and Deloitte have been working on for the past year.

The IIF, ISDA, and FIA have submitted a response to the FSB's consultation report on the topic of CCP resolution resources and tools.

On October 17th, the IIF, in partnership with Visa, convened leaders from banks, payments networks, and technology firms to discuss issues in cross-border payments with global standard setters and central bankers. This staff paper outlines key points from the session.

The October session of DataTalk explored developments in AI and the intertwined role of data.

Sovereign debt vulnerabilities in emerging markets and developing economies were already high before the pandemic and have been further exacerbated by rising global interest rates. Debt strains remain particularly pronounced in low and lower-middle income countries. With heavy reliance on foreign currency borrowing persistently posing significant challenges for some sovereign borrowers, interest expense on local currency debt now accounts for over 80% of total interest costs for emerging market governments.

The IIF has responded to the International Organization of Securities Commissions (IOSCO s) consultation report on policy recommendations for Decentralized Finance (DeFi).

The IIF and ISDA have submitted a joint comment letter to the Basel Committee responding to their consultation on updates to the Core Principles for Effective Banking Supervision.

On Tuesday, October 10, the Institute of International Finance (IIF) published a new report on The Role of The Financial Sector in the Net Zero Transition: Assessing Implications for Policy, Supervision and Market Frameworks.

This IIF staff paper explores the role of trust and security in payments, explores various challenges, examines how financial institutions and paytechs are addressing them, and lays out some opportunities for public-private collaboration in efforts to improve global cross-border payments.

On September 27, the IIF submitted industry perspectives in response to the International Accounting Standards Board (IASB) Request for Information on the Post-Implementation Review of IFRS 9 Financial Instruments Impairment.

The August IIF Digital Asset Forum explored necessary enablers and policy tradeoffs for advancing both digital assets and digital financial infrastructure projects, including the importance of reaching a common understanding of tech neutrality between policymakers and industry.

On September 20, 2023, the IIF responded to the IAIS s consultations on the Insurance Capital Standard (ICS) as a prescribed capital requirement and on related Insurance Core Principles (ICPs) on valuation and capital adequacy.

The August session of DataTalk explored operationalizing data usage for financial inclusion.

The IIF has published an assessment of the European Commission's June 2023 proposed legislative package for a digital euro, setting out the extent to which the proposal addresses concerns it has raised previously on behalf of IIF member firms in its June 2022 submission to the EC.

On September 4, 2023 the IIF responded to the FSB Addressing Structural Vulnerabilities from Liquidity Mismatch in Open-Ended Funds consultation.

On September 4, 2023 the IIF responded to the IOSCO Proposed Detailed Guidance for Open-Ended Fund use of Anti-Dilution Liquidity Management Tools.

On August 22nd, the Institute of International Finance (IIF) submitted a response to the Financial Stability Board s (FSB) Consultative Document on Enhancing Third-Party Risk Management and Oversight: A toolkit for financial institutions and financial authorities.

The July IIF Digital Asset Forum examined efforts to forge a strong foundational architecture for digital money and tokenization, discussing critical governance and operational questions raised by international institutions visions for this future digital financial infrastructure.

The Institute of International Finance (IIF) has submitted a response to the International Sustainability Standards Board s (ISSB) Consultation on Agenda Priorities.

This staff paper provides insights into embedded finance, particularly regarding customer relationships and value web dynamics. This work is part of the Realizing the Digital Promise series that IIF and Deloitte have been working on for the past years.

The IIF has responded to the International Organization of Securities Commissions (IOSCO s) consultation report on policy recommendations for crypto and digital asset markets.

The July session of DataTalk examined Open Data, the importance of broadening the scope from Open Banking, and the impacts this might have on the end-consumer.

On July 17, the IIF submitted its input to the IAIS on its next five-year plan. The IAIS survey outlines six existing priorities of the IAIS: climate-related risks, conduct and culture, digital innovation, diversity, equity and inclusion (DEI), financial inclusion and operational resilience/cyber risk.

On July 17, the IIF submitted its response to the IAIS's Stakeholder Engagement and Consultation Policy.

On July 27, 2023, the IIF filed a response to the FSOC on its Proposed Interpretive Guidance and Analytic Framework for Financial Stability Risk Identification, Assessment and Response, which was published on April 28, 2023.

Senior payments executives, global standard-setters, and experts discussed ways to meet evolving customer needs for different kinds of payments in a diverse, complex, and dynamic international payments landscape, with an eye on the future, at the 2023 Global Payments Forum.

On July 19, the IIF submitted industry perspectives in response to the International Accounting Standards Board (IASB) consultation on its Exposure Draft on the Amendments to the Classification and Measurement of Financial Instruments Proposed amendments to IFRS 9 and IFRS 7".

The IIF has responded to the Bank of England and HM Treasury s consultation paper on a digital pound.

The June session of DataTalk explored AI, its governance, the pursuit of ethical AI, and how third-party providers are playing an important role in the provision of new solutions.

This staff paper provides insights into the importance of broadening the scope of Open Banking to Open Data and not just Open Finance. This work is part of the Realizing the Digital Promise series that IIF and Deloitte have been working on for the past years.

The IIF has responded to the Committee on Payments and Market Infrastructure s (CPMI s) consultation paper on harmonization requirements for enhancing cross-border payments in a comment letter dated May 31, 2023.

The May IIF Digital Asset Forum examined the evolution of public and private forms of money and digital assets place in this landscape, the effect of CBDCs on global liquidity, and the impact design choices for underlying technologies could have on the usability of different assets.

The May session of DataTalk explored Data Security: Protecting privacy and preventing data misuse.

On June 1, the IIF submitted a comment letter to the Taskforce on Nature-related Financial Disclosures (TNFD) consultation on its v0.4 beta framework.

On May 17, the IIF responded to the IAIS consultation on Climate Risk Supervisory Guidance Part One, the first of three consultations expected over the next 18-months on proposed changes to supervisory guidance incorporating climate-related risks.

The IIF Insurance Climate Scenario Analysis Report analyzes the survey results collected from the IIF s insurance members that had participated in supervisory climate scenario analysis exercises and/or have conducted internal exercises.

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

The IIF has responded to the UK Treasury s consultative report on the future financial services regulatory regime for cryptoassets in a comment letter dated April 30, 2023.

The April session of DataTalk explored the G7 Data Free Flow with Trust (DFFT) initiative proposed by Japan during its G7 presidency.

The April IIF Digital Asset Forum examined business model considerations for the financial industry under various technology and monetary system approaches to digital assets. Participants discussed opportunities to scale tokenization projects and the importance of preventing fragmentation.

The IIF responded to the IAIS s draft Issues Paper on the roles and functioning of Policyholder Protection Schemes (PPS) on April 10, 2023.

Ahead of the Global Sovereign Debt Roundtable, the G20 Ministerial Meetings and IMF and World Bank Spring Meetings, this letter sets out private sector perspectives on the work of the G20-IMF-World Bank convened Global Sovereign Debt Roundtable.

The March session of DataTalk explored big data and its applications for driving innovation and risk management in FIs.

This paper illustrates how AML and other regtech solutions are impacted by data policies, including data localization measures and other data barriers. As the G7 considers operationalizing Data Free Flow with Trust , understanding the implications of data policy on financial services is important.

The February session of the IIF s DataTalk series explored digital wallets and digital identity in the context of increasing competition for direct contact with customers.

The IIF submitted its response to the European Insurance and Occupational Pensions Authority (EIOPA) discussion paper on the Prudential Treatment of Sustainability Risks on March 3, 2023.

This briefing provides insights on critical issues in the development of Central Bank Digital Currencies (CBDC) and private digital assets from two IIF-Elevandi roundtables with financial service leaders during the Singapore Fintech Festival.

This paper, How Fragmentation is Continuing to Challenge the Provision of Cross-Border Financial Services: Issues and Recommendations, outlines issues and recommendations to consider in order to avoid the negative economic consequences inherent in a fragmented global financial system.

On February, 28 the IIF responded on behalf of its members to the UK Transition Plan Taskforce (TPT) consultation on its Disclosure Framework and Implementation Guidance.

On February 28, the IIF responded to the European Insurance and Occupational Pensions Authority (EIOPA) consultation on Methodological Principles of Insurance Stress Testing with a focus on Cyber Risk. The discussion paper set forth a series of theoretical and practical approaches to support the design phase of potential future insurance stress tests focused on cyber resilience and cyber underwriting.

February s IIF Digital Asset Forum discussed lessons learned from 2022, different business models for digital assets that financial institutions could pursue, and raised questions about the relative value of different technologies, in the context of appropriately managing risks for clients.

The IIF responded to the IAIS s Public Consultation on the Review of the Individual Insurer Monitoring (IIM) Assessment Methodology in February 2023.

On February 10, the IIF, in collaboration with the International Swaps and Derivatives Association (ISDA), submitted a joint response to the International Organization of Securities Commissions (IOSCO) Consultation Report on Compliance Carbon Markets and Discussion Paper on Voluntary Carbon Markets.

The IIF has published a new staff paper on cross-border coherence in the effective design and implementation of financial sanctions and the prevention of sanctions evasion.

The IIF and the Wolfsberg Group submitted comments in response to the EBA s public consultation on de-risking on February 6.

On February 6, the IIF submitted a comment letter on the U.S. Federal Reserve Board's (FRB) Draft Principles for Climate-Related Financial Risk Management for Large Financial Institutions.

This case example explores the impact of restrictive data frameworks on AI/ML tools to combat the growing challenges of fraud in payments. These costs and tradeoffs illustrate how data policy has broad-based repercussions for the economy including on micro, small and medium enterprises (MSMEs).

The January session of the IIF s DataTalk series explored Web 3.0 and related elements of decentralized finance (DeFi) in the provision of financial services, particularly as market participants consider the infrastructure required to offer their services in the coming years.

The IIF s new report developed with McKinsey Financing the Net-Zero Transition: From Planning to Practice examines how financial institutions are rising to the transition finance challenge, as they seek to turn transition plans into tangible emissions reductions financing actions.

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 and EY 2022 Survey Report on Machine Learning Uses in Credit Risk and AML Applications details the results of our comprehensive survey on the machine learning development and implementation process within the global financial services industry.

The Institute of International Finance (IIF) has submitted a response to the Financial Stability Board (FSB) Consultative Document on Achieving Greater Convergence in Cyber Incident Reporting.

On December 14, the IIF responded to the U.S. Department of the Treasury s Federal Insurance Office request for comment on a potential Federal insurance response to catastrophic cyber incidents.

On December 14, the IIF responded to the International Association of Insurance Supervisors consultation on operational resilience.

The Institute of International Finance has responded to the Financial Stability Board s consultative reports on global stablecoins (GSCs) and crypto-assets (CAs) in a comment letter dated December 15, 2022.

December s IIF Digital Asset Forum discussed recent turbulence in digital asset markets, including the importance of developing good conduct operating principles for this nascent industry. Despite steep asset price declines, interest in their underpinning technologies has not waned.

On November 14, 2022 the Institute of International Finance responded to a request for information by the U.S. Cybersecurity and Infrastructure Security Agency (CISA) on the Cyber Incident Reporting for Critical Infrastructure Act of 2022.

The lingering effects of the COVID-19 pandemic and sharp slowdown in global growth coupled with higher borrowing costs, inflation, currency depreciation and the rising incidence of droughts and floods related to climate change has resulted in a very challenging landscape for emerging market sovereign borrowers this year. Against this backdrop, the 2022 Implementation Note of the Principles Consultative Group (the "PCG Report") offers an overview of key initiatives to improve the international sovereign debt architecture, including an update of the Principles for Stable Capital Flows and Fair Debt Restructuring.

October s IIF Digital Asset Forum addressed recent reports by global standard setting bodies around digital assets. Participants discussed how different costs and benefits could be weighed at local and global levels, while reaffirming the importance of technology neutrality.

In light of the 2022 Annual Meetings of the International Monetary Fund and World Bank Group, this letter sets out private sector perspectives on growing challenges to debt sustainability and efforts to enhance the international sovereign debt architecture.

The inaugural IIF Digital Asset Forum hosted a discussion of scenarios for the future of digital asset use within the financial system. Participants named the direction of policy towards digital assets as a top determinant of how they would utilize digital assets, while noting high client interest.

In this episode of the GRU, we host Stephen Scott, Founder and CEO of Starling Trust Sciences to discuss their 2022 Compendium on Culture and Conduct Risk in the Banking Sector.

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.".

The IIF broadly welcomes the SEC’s initiative under the proposed rule to introduce a benchmark standard for disclosure of climate-related information, with the aim of providing consistent, comparable, and reliable information that is relevant for investors’ decision-making.

Successful investors relations programs (IRP) feature direct communication between sovereign borrowers and market participants. The IIF Best Practices for Investor Relations help define the types of formal communication channels available to country authorities and guide the establishment of this connection with market participants.

In this episode of the GRU, we host José María Roldán, former Chairman and CEO of the Spanish Bankers Association (and former Director General of the Bank of Spain) to reflect on his experience as a former regulator and representative of the banking industry and discuss the evolution of global regulatory policy over the last 10 years.

In this episode of the GRU, we discuss the use and value of Cyber Risk Ratings, with Derek Vadala, who is Chief Risk Officer at BitSight in New York. We discuss the current threat landscape and how cybersecurity ratings and analytics help organizations manage their own security performance, mitigate third party risk, underwrite cyber insurance policies, conduct financial diligence, and improve national security. Derek also shares tips and effective practices for firms wanting to improve their cyber defenses and overall resiliency.

The Principles for Stable Capital Flows and Fair Debt Restructuring are voluntary guidelines offering an effective framework for sovereign debt crisis prevention and crisis resolution to promote sustained market access.

The IIF Sustainable Finance Monitor covers key developments in the global sustainable finance agenda in addition to policy and regulatory updates and a market snapshot.

In this episode of the GRU, we discuss the growing problem of Ransomware, and what to do about it, with Erez Liebermann, who is a Partner at Linklaters in New York, where he is Co-Chair of their U.S. Data Solutions, Cyber and Privacy Practice. We discuss the current threat landscape, including the role of Russia, how firms are defending themselves, and the importance of working closely with law enforcement, as well as how regulators are approaching this issue.

In our latest episode of All About the Green, we are joined by Zoe Knight, Managing Director and Group Head, HSBC Centre of Sustainable Finance, to discuss the global sustainable finance agenda and the growing focus on transition finance in supporting Net Zero goals.

In this episode of the GRU we host Jason Harrell, Managing Director and Head of External Engagement at DTCC in New York, where he leads the firm's global advocacy and engagement for cybersecurity and cyber resilience, new and emerging technology, and outsourcing/third-party risk management. We discuss how firms approach Third Party Risk Management, the increased regulatory focus, and how it intersects with Operational Resilience, Cyber Security and Third Parties and Outsourcing.

In our latest episode of All About the Green, we are joined by Marisa Buchanan, Managing Director, Global Head of Sustainability at JPMorgan Chase & Co., for a deep dive on the state of sustainable finance markets. Marisa describes how her career path in climate and ESG finance has evolved, and how JPMorgan s sustainability strategy is reflected in corporate governance and incorporated throughout global business lines. We discuss progress on managing environmental and social risks, the practical challenges of implementing Net Zero commitments and the need for transition finance including for hard-to-abate sectors. Key themes include the need for international alignment in sustainable finance policy and regulation, the importance of public-private sector collaboration and the vital role of private capital markets in achieving a fair and equitable transition to a Net Zero future.

On March 14, the IIF, GFMA and BPI submitted a comment letter to the International Organization of Securities Commissions (IOSCO) in response to its Consultation Report on Operational resilience of trading venues and market intermediaries during the COVID-19 pandemic.

In this episode of the GRU we host Doug Elliott, Partner at Olyver Wyman, to discuss the main policy issues in the world of finance in 2022. Among others, we discuss with Doug the policy implications of the global inflationary environment, including potential asset bubbles; developments on climate policy, including scenario analysis, stress testing and other regulatory responses; and key trends regarding crypto assets, including central bank digital currencies.

A fascinating conversation with Gordon Bennett, Managing Director of Utility Markets at Intercontinental Exchange (ICE) we look at the role of global capital markets in financing climate and ESG solutions, the importance of high-integrity voluntary carbon markets to support Net Zero goals and natural capital, and ways to bring down the currently high cost of new green technologies we need for decarbonization.

The IIF responded to a Request for Information by the Financial Crime Enforcement Network (FinCEN) on the modernization of the AML/CFT regime in the United States.

This is the second paper in the IIF’s series on the case for greater international alignment in sustainable finance policy and regulation.

The IIF submitted a comment letter to the Office of the Comptroller of the Currency (OCC) consultation on ‘Principles for Climate-Related Financial Risk Management for Large Banks.’.

On February 14, the IIF submitted a comment letter to the Basel Committee on Banking Supervision (BCBS) on its Consultative Document on "Principles for the effective management and supervision of climate-related financial risks.".

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.

On February 4, the IIF collaborated with other trade associations to respond to a Hong Kong Monetary Authority (HKMA) consultation on operational resilience.

The IIF, together with ISDA, submitted a response to the BCBS, CPMI and IOSCO consultative report on the topic of "Review of margining practices" on January 26.

The Institute of International Finance (IIF) today conveyed its congratulations to Klaas Knot, President of De Nederlandsche Bank, on his appointment as Chairman of the Financial Stability Board (FSB).

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

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

The final scorecard for COP26 is an improvement over previous COPs, but well short of outright victory.

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.

On August 31, the Federal Insurance Office (FIO) of the U.S. Treasury announced that it would be seeking public input on the FIO's future work relating to the insurance sector and climate-related financial risks. This Request for Information (RFI) came in response to President Biden’s May Executive Order on Climate-Related Financial Risk, which directed federal agencies to incorporate climate change issues into their regulatory priorities. On November 12, the IIF submitted its response to the FIO RFI.

The Institute of International Finance (IIF), supported by Ernst & Young LLP, has developed a set of voluntary "guidance templates" to support disclosures by financial institutions aligned with the Recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), with a focus on the banking sector.

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 examines the growth of global carbon markets, focusing on interactions between compliance and voluntary markets, and highlights implications for businesses, financial institutions, and policymakers.

This podcast explores a variety of topics relating to climate change and its impact on the financial services industry and the broader economy. Through conversations with topic experts, each episode encourages a pragmatic, commonsense approach for the transition to a low-carbon and ultimately net-zero economy.

The IIF and several other trade associations responded to the Basel Committee on Banking Supervision’s consultative document on the "Prudential treatment of cryptoasset exposures.".

This podcast explores a variety of topics relating to climate change and its impact on the financial services industry and the broader economy. Through conversations with topic experts, each episode encourages a pragmatic, commonsense approach for the transition to a low-carbon and ultimately net-zero economy.

On September 3, the IIF Special Committee on Effective Regulation (SCER) and the Sustainable Finance Working Group (SFWG) submitted comments to this IOSCO consultation.

The IIF and ISDA have submitted comments to the Basel Committee’s Consultation on a technical amendment concerning the G-SIB Methodology Review Process.

After holding joint sessions with the Insurance Working Group (IWG) and the Anti-Money Laundering and Anti-Terrorist Finance (AML-ATF) Working Group, the IIF responded to the Draft Revised Application Paper.

The IIF has submitted comments to the Financial Action Task Force (FATF) on their consultation on Beneficial Ownership Transparency and Reporting through updates to FATF Recommendation 24.

This podcast explores a variety of topics relating to climate change and its impact on the financial services industry and the broader economy. Through conversations with topic experts, each episode encourages a pragmatic, commonsense approach for the transition to a low-carbon and ultimately net-zero economy.

Following a series of discussions with the Insurance Working Group (IWG), the IIF responded to the Insurer Culture consultation on August 13.

The IIF submitted a response to the FSB Consultation Report on the topic of Policy Proposals to Enhance Money Market Fund Resilience on August 13.

The IIF submitted a comment letter to the IFRS Foundation Exposure Draft on Proposed Targeted Amendments to the IFRS Foundation Constitution to Accommodate an International Sustainability Standards Board to Set IFRS Sustainability Standards.

The IIF Sustainable Finance Working Group has submitted a response to the Taskforce on Climate-related Financial Disclosures (TCFD), and its Secretariat, on its public consultation on Climate-related Metrics, Targets, and Transition Planning.

EY financial practice leaders Sonja Koerner, Chris Woolard, and Mark Watson spoke with Martin Boer of the Institute of International Finance to discuss the most interesting findings of the 11th EY-IIF 2021 Report on Global Bank Risk Management Priorities.

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.

Hitoshi Mio, Head of Financial System Research Division Financial System and Bank Examination Department within the Bank of Japan, joins Katie Rismanchi and Takahiro Iwamoto of the Institute of International Finance (IIF) to share the Bank of Japan’s perspectives on the financial stability outlook.

The IIF submitted a response to the European Securities and Markets Authority request for comment on the topic of EU Money Market Fund Regulation – legislative review on June 25.

In its response the IIF noted the value in striving for alignment in approaches to climate risk, while recognizing that regulatory approaches ultimately should be tailored to the companies and markets within the purview of the regulator.

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 submitted a response to the Sustainability Accounting Standards Board invitation to comment on the topic of Proposed Changes to the SASB Asset Management & Custody Activities Standard on June 15.

The IIF submitted a comment letter in response to the U.S. Securities and Exchange Commission’s (SEC) call for public input on climate change disclosures.

This IIF paper sets out to explain the current approach to cyber incident reporting across key jurisdictions and the ways in which it can be improved.

Leroy Terrelonge, AVP-Cyber Risk Analyst, and Lesley Ritter, VP-Senior Analyst, of Moody’s Investors Service, join Martin Boer of the Institute of International Finance (IIF) to discuss the cyber security outlook for the financial sector.

The IIF submitted a comment letter to the European Banking Authority’s (EBA) Consultation Paper on Draft Implementing Standards on prudential disclosures on ESG risks in accordance with Article 449a CRR.

Jason Harrell, Head of External Engagement at The Depository Trust & Clearing Corporation (DTCC) in New York, joins Martin Boer of the Institute of International Finance (IIF) to discuss Financial System Resilience.

On March 8, the International Association of Insurance Supervisors (IAIS) issued a Draft Application Paper for public consultation on Macroprudential Supervision. Following a series of discussions with the Insurance Working Group (IWG), the IIF submitted its response to the IAIS on May 7.

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.

On April 27, the IIF responded to the recently published EIOAP Open Insurance Discussion Paper. The Discussion Paper explores whether and how far insurance value chains should be "opened" by the sharing of insurance-related and specific policy-holder data amongst insurance and non-insurance firms, in order to meet the needs of policyholders and to foster innovation.

This IIF Staff Paper considers U.S. Cyber Policy as the priorities of the Biden administration begin to take shape.

Emran Islam and Chris Wilson, Senior Financial Sector Experts within the International Monetary Fund’s (IMF) Monetary and Capital Markets Department, join Katie Rismanchi of the Institute of International Finance (IIF) to share their perspectives on the operational resilience of the global financial system.

The IIF has provided comments to the Financial Action Task Force (FATF) on their public consultation on guidance to changes in the FATF standards for proliferation financing risk and sanctions violations.

The Institute of International Finance (IIF) submitted a response to the Securities and Exchange Commission (SEC) Request for Comment on the topic of Potential Money Market Fund (MMF) Reform Measures in President’s Working Group Report on April 12.

In light of the 2021 Spring Meetings of the World Bank Group and International Monetary Fund, this letter provides private sector views that build on our November 2020 letter to the G20.

On September 7, the IAIS issued a stock-take questionnaire on infrastructure and strategic equity that is designed to elicit comment on whether there should be a differentiated capital treatment of certain eligible infrastructure and strategic equity investments within the Insurance Capital Standard (ICS). The IIF responded to the questionnaire on December 2, 2020 with the following key points.

The IIF and ISDA submitted a joint response to the Basel Committee on Banking Supervision Consultation Paper on the topic of technical amendments on Minimum haircut floors for securities financing transactions on March 31.

The IIF response agreed on the importance of ensuring the independence and stature of internal control functions, and expressed support for the IAIS’s work on developing a supervisory framework.

11 leading financial services trade associations developed a set of Principles for a U.S. Transition to a Sustainable Low-Carbon Economy, intended to serve as a useful framework, offering perspectives from the full spectrum of the financial services industry including banks, investment banks, insurers, asset managers, investment funds, pension funds and other financial intermediaries.

On February 16, the IIF published a visual summary and numerical stock-take of the banking sector prudential regulatory measures taken across the world in response to the COVID-19 pandemic during 2020.

"As leaders of the international financial community, we know that climate change is one of the greatest challenges facing us all. We are determined to effectively manage the risks for our industry and recognize our key role in mobilizing capital for unprecedented opportunities-solutions to mitigate greenhouse gas (GHG) emissions, strengthen climate resilience, unlock innovation and create jobs.".

The IIF and Deloitte UK conducted a global survey of sustainability professionals and other senior executives about the role of Chief Sustainability Officers (CSOs) in addressing the environmental, social and governance (ESG) imperative, and found that the CSO is emerging as a "sense-maker in chief," and is responsible for understanding, and predicting, changes in the external sustainability environment, and re-positioning the business model of their respective firms to tackle this head on.

The IIF submitted its response to the IAIS on February 5, 2021.

The IIF submitted its response to the IAIS on February 4, 2021.

On February 3, the IIF submitted a comment letter to the EBA Discussion Paper on management and supervision of ESG risks.

The IIF Sustainable Finance Working Group has submitted a response to the Taskforce on Climate-related Financial Disclosures (TCFD), and its Secretariat, on its public consultation on Forward-looking Financial Sector Metrics.

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 IIF prepared a summary of the report and the CUSG’s recommendations to the IAIS.

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.

On January 11, the IIF submitted its response to the IAIS/SIF consultation on the Application Paper on the Supervision of Climate-related Risks.

The IIF submitted comments on the FSB’s discussion paper, "Regulatory and Supervisory Issues Relating to Outsourcing and Third-Party Relationships.".

The IIF submitted a comment letter to the IFRS Foundation’s Consultation Paper on Sustainability Reporting.

The Institute of International Finance (IIF) on December 1st conveyed its financial services regulatory priorities for engagement with the new European Commissioner for Financial Stability, Financial Services and Capital Markets Union, Mairead McGuinness.

This Addendum references the recent extension of and modifications to the G20/Paris Club Debt Service Suspension Initiative through June 30, 2021, providing a similar extension of/modifications to the private sector Terms of Reference.

The IIF has provided comments on the US Financial Crimes Enforcement Network Advanced Notice of Proposed Rulemaking on AML Program Effectiveness.

In the wake of the extension of the G20 Debt Service Suspension Initiative (DSSI), as well as recent thoughtful proposals for reforming the international sovereign debt architecture, the IIF offers these private sector perspectives that build on our September 22 letter to the G20.

The Institute of International Finance (IIF) and the Global Financial Markets Association (GFMA) have submitted a joint response letter to the Basel Committee on Banking Supervision (BCBS) supporting the draft principles put forward in their Consultative Document "Principles for operational resilience.".

The Institute of International Finance (IIF) and the Global Financial Markets Association (GFMA) submitted a joint response letter to the Basel Committee on Banking Supervision’s (BCBS) Consultative Document "Revisions to the principles for the sound management of operational risk.".

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.

Jay Healey, a Senior Research Scholar and Adjunct Professor at Columbia University’s SIPA joins the IIF's Martin Boer to discuss the intersection between Cyber Conflict and the Financial Services sector.

On October 1, the IIF and GFMA submitted a response to the UK Authorities’ consultation papers on Operational Resilience.

On September 30, the IIF submitted a response to the FSB Consultation Report on the evaluation of the too-big-to-fail reforms.

This briefing note summarizes and captures some reflections from the very thought-provoking remarks from David Hardoon, Senior Advisor for Data and Artificial Intelligence at Union Bank of the Philippines, during the IIF Digital Interchange: the Global Dialogue on Digital Finance.

Based on engagement with a group of global banks, we have developed this TCFD Playbook to serve as a resource for firms at different stages on their journey toward fully aligned and comprehensive TCFD reporting.

On September 23 the IIF Insurance Working Group submitted the Insurance Working Group filed a response to the EIOPA Issues Paper on Shared Resilience Solutions for Pandemics.

The IIF submitted a comment letter to the International Accounting Standards Board (IASB) Exposure Draft ED/2019/7 General Presentation and Disclosures.

We remain strongly supportive of the intent behind the DSSI. However, we also recognize that the underlying premise may have changed-the issues in some countries are no longer temporary liquidity problems, but rather more fundamental solvency concerns. This letter sets out three key points which we believe are crucial.

The IIF and the Wolfsberg Group responded to a consultation of the European Banking Authority on de-risking in financial services.

On September 4, the IIF submitted its response to the IAIS Request for Feedback on the Impact of COVID-19.

The How to Assess Climate and Nature Sovereign Risk webinar was part of the IIF ESG Webinar Series, which was designed to promote understanding of the rapidly evolving landscape for ESG disclosure and to align efforts to measure and track climate finance.

The IIF and the Wolfsberg Group responded to a FATF consultation on amendments to FATF Recommendation 1 and its Interpretative Note.

On August 24, 2020, the IIF responded to the recent EIOPA Discussion Paper on the Insurance Value Chain and New Insurance Business Models Arising from Digitalization.

The IIF has submitted a response to a consultation of the European Commission on an Action Plan for a comprehensive Union policy on preventing money laundering and terrorist financing.

The IIF, together with GFMA, IACPM, and SFA, submitted a joint response to the Basel Committee on Banking Supervision Consultation Paper on the topic of Technical Amendment on capital treatment of securitizations of non-performing loans on August 21.

Jayaraj Puthanveedu, Global Head of Operational Resilience, Third Party Tech Risk & Crisis Management at BNP Paribas, and a strong IIF collaborator in the areas of Operational Resilience and Cyber Security, joins Martin Boer of the Institute of International Finance (IIF) to discuss enhancing Operational Resilience in the time of COVID-19.

The "Long-Term Climate Strategies for Inclusive Growth and a Sustainable Recovery" webinar was part of the IIF ESG Webinar Series, which was designed to promote understanding of the rapidly evolving landscape for ESG disclosure and to align efforts to measure and track climate finance.

In this session, EY provided a snapshot of the progress organizations are making in their climate disclosures, presenting the latest data and insights from our 2019 Global Climate Risk Disclosure Barometer.

Grace Sone, Head of Cooperation and Organization at the Financial Stability Board Secretariat in Basel, spoke with Martin Boer of the Institute of International Finance to discuss Cyber Risk and how the current COVID-19 pandemic is impacting cyber resilience across the financial services industry.

The Climate Change and Sovereign Risk webinar was part of the IIF ESG Webinar Series, which was designed to promote understanding of the rapidly evolving landscape for ESG disclosure and to align efforts to measure and track climate finance.

The Banking the Future of Sustainable Finance webinar was part of the IIF ESG Webinar Series, which was designed to promote understanding of the rapidly evolving landscape for ESG disclosure and to align efforts to measure and track climate finance.

The Institute of International Finance (IIF) today responded to the Financial Stability Board (FSB) Consultative Document "Effective Practices for Cyber Incident Response and Recovery".

On July 15, the IIF submitted a high-level response to the European Commission’s public consultation on the development of a Renewed Sustainable Finance Strategy (RSFS). Drawing on engagements with the IIF Sustainable Finance Working Group, this response is focused on topics of international relevance.

Following discussions during the Paris Forum/G20 event on July 8, we are pleased to provide the following progress update on private sector engagement with respect to the G20 Debt Service Suspension Initiative (DSSI).

In response to the request for a waiver from private lenders stating that a request from sovereign borrowers for forbearance from official creditors would not constitute an event of default, we are very pleased to published this "G20 DSSI Template Waiver Letter Agreement.".

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

Leon Saunders Calvert, Head of Sustainable Finance, Lipper and I&A Insights, Refinitiv, joined Sonja Gibbs, Managing Director and Head of Sustainable Finance, Global Policy Initiatives at the IIF on this week's ESG Webinar to explore sustainable finance market trends.

The IIF submitted comments to the European Banking Authority on their recent consultation on money laundering and terrorist financing risk factor guidelines.

Giel Linthorst, Director Energy, Sustainability, and Infrastructure, Guidehouse; Executive Director, PCAF, joined Sonja Gibbs, Managing Director and Head of Sustainable Finance, Global Policy Initiatives, at the IIF for this week's edition of the IIF ESG Webinar Series.

Daniel Shurey, Vice President of Sustainable Finance Americas at ING, joined Sonja Gibbs, MD and Head of Sustainable Finance at the IIF, on this week's ESG Webinar to provide an update on the sustainable debt market.

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 wek's webinar featured Carbone 4's Jean-Yves Wilmotte, Leader of the Finance Practice, Transition Risk Expert, Florian Gallo, Senior Consultant, Physical Risk Expert, and Marie-Anne Vincent, Head of Business Development speaking with Sonja Gibbs, Managing Director and Head of Sustainable Finance, Global Policy Initiatives, Institute of International Finance.

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 IIF provides high-level comments to the European Commission’s public consultation on the revision of the EU Non-Financial Reporting Directive (NFRD).

New survey finds over half of the reserves managers surveyed have joined international networks for ESG or plan to increase their exposure to ESG assets, with many considering adopting formal ESG strategies or goals.

This IIF Staff Paper summarizes key international ESG disclosure frameworks and evolving regulatory approaches in major jurisdictions. The IIF encourages the relevant international standard setting bodies to take steps in the coming months towards a harmonized cross-sectoral ESG disclosure framework.

The Institute of International Finance (IIF) and the Global Financial Markets Association (GFMA) today sent a joint letter to the Financial Stability Board (FSB), Basel Committee on Banking Supervision (BCBS), International Organization of Securities Commissions (IOSCO) and Committee on Payments and Market Infrastructures (CPMI) to encourage the development of global principles on the operational resilience of financial institutions.

This week's IIF ESG Webinar featured Leon Saunders Calvert, Head of Sustainable Finance, Lipper and IA Insights at Refinitiv, speaking with Sonja Gibbs, Managing Director and Head of Sustainable Finance, Global Policy Initiatives, Institute of International Finance.

Informed by our working group discussions, this letter is meant to frame the accompanying Terms of Reference for private sector consideration of borrower requests within the DSSI.

The Terms of Reference are a toolkit for DSSI-eligible sovereign borrowers that request forbearance from their private creditors. This new framework offers a flexible template for in-scope borrowers and their private creditors to advance conversations and enable voluntary debt service suspension, on terms in line with official bilateral creditors.

The IIF submitted a comment letter to the International Accounting Standards Board (IASB) Exposure Draft.

This week featured Maha Eltobgy, Head of Shaping the Future of Investing, World Economic Forum, speaking with Sonja Gibbs, Managing Director and Head of Sustainable Finance, Global Policy Initiatives, IIF.

This week's IIF ESG Webinar features Emilie Mazzacurati, Founder and CEO, Four Twenty Seven; and Jing Zhang, Managing Director, Global Head of Quantitative Research, Moody's; speaking with Sonja Gibbs, Managing Director and Head of Sustainable Finance, Global Policy Initiatives, Institute of International Finance.

This webinar addresses some of the significant questions about the credit implications of private sector participation in the G20 Debt Service Suspension Initiative (DSSI)-in particular, whether in-scope countries can achieve suspension or payment deferral without triggering negative rating actions on country and bond ratings.

IIF Insurance Lead Mary Frances Monroe discusses with Jonathan Dixon, IAIS Secretary General, the IAIS response to COVID-19 and how IAIS priorities are shifting as we recover from the global pandemic.

IIF Managing Director, and Head of Sustainable Finance, Sonja Gibbs speaks with Nate Aden, Senior Fellow at World Resources Institute (WRI) and the Science Based Targets Initiative (SBTI), about science based targets for financial institutions.

In response to the G20 Debt Service Suspension Initiative (DSSI) and calls in the IMFC, Development Committee and Paris Club communiqués for private sector participation, this letter provides an update on IIF activities, shares views from the international financial community, and outlines thoughts on a potential approach to voluntary private sector participation in the DSSI.

This short article provides a visual summary and numerical stock take of the banking sector prudential regulatory measures taken across the world in response to the COVID-19 pandemic.

IIF Managing Director, and Head of Sustainable Finance, Sonja Gibbs speaks with David Carlin, the lead on the TCFD Banking Pilot Program for UNEP-FI, about how to integrate climate risk and opportunities into banks credit risk framework.

Jan Bellens, a partner and Global Banking & Capital Markets Sector Leader at EY in New York, joins the GRU podcast to speak with the IIF's Martin Boer about the concept of "Operational Resilience" - the ability of firms to identify, detect, protect, adapt and respond to, as well as recover and learn from, operational disruptions like COVID-19.

David Lunsford, Head of Climate Strategy & Policy at MSCI Climate Risk Center and the Co-founder of Carbon Delta, joins the IIF's Managing Director and Head of Sustainable Finance, Sonja Gibbs, to discuss climate scenario analysis and TCFD reporting.

This letter from IIF President and CEO, Tim Adams, to the IAIS comments on legislative proposals that would require the payment of business interruption or other insurance claims notwithstanding the fact that the contracts in question often do not cover pandemics such as COVID-19, and some contracts in contain specific pandemic exclusions.

Merlina Manocaran and Soumya Banerjee of McKinsey & Company spoke with Martin Boer of the Institute of International Finance to discuss the key findings of our joint IIF/McKinsey survey and research project on cyber resilience.

On behalf of the IIF membership-over 450 global firms across the financial services industry-President and CEO Tim Adams expresses our grave concern about the threat to debt sustainability posed by the COVID-19 pandemic.

Tim Adams, President and CEO of the Institute of International Finance, and Scott O’Malia, CEO of the International Swaps and Derivatives Association, sent recommendations to the G20 Group of Finance Ministers and Central Bank Governors aimed at improving dollar liquidity issues for both developed and emerging markets.

In this special edition of the Global Regulatory Update, Andres Portilla, Managing Director and Head of Regulatory Affairs, discusses with Bill Coen, former Secretary General of the Basel Committee and Chairman of the IFRS Advisory Council, the global regulatory and policy response to the ongoing COVID-19 crisis.

The IIF commended the efforts taken by BCBS and IOSCO to address the challenges of the final phases of non-cleared margin implementation. However, it underscored that the efforts of our members to prepare are severely impacted by the global COVID-19 pandemic.

The IIF and undersigned associations submitted a joint letter emphasizing the importance of keeping the U.S. financial markets open during this extraordinary time of the COVID-19 health crisis.

The IIF is pleased to submit our comment letter on the Bank of England Discussion Paper on ‘The 2021 biennial exploratory scenario (BES) on the financial risks from climate change.’.

The IIF is pleased to submit our comment letter on the BCBS discussion paper on designing a prudential treatment for crypto-assets.

The IIF responded to the European Commission’s recent consultation on a roadmap for changes to the Union’s AML/CFT framework.

The IIF submitted a Joint Associations response to the Basel Committee on Banking Supervision Consultation Paper on the topic of Targeted Final Revisions to CVA Risk on February 25.

Given the global nature of the climate change agenda, global leadership is essential to encourage the development of well-aligned and considered regulatory and supervisory frameworks across jurisdictions. However, there are already signs of fragmentation in several policy areas.

On February 14, 2020 the IIF responded to a BCBS consultation on revisions to market risk disclosure requirements.

Tim Adams, President and CEO of the IIF, opened the 12th annual IIF G20 Conference in Riyadh, Saudi Arabia.

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.

The Institute of International Finance on February 14th submitted a response to the Basel Committee on Banking Supervision Consultative Document on Voluntary Disclosure of Sovereign Exposures.

The IIF has commented on a Basel Committee Consultation on draft guidance for cooperation between AML/CFT and prudential supervisory authorities.

On February 4, the IIF responded to the IAIS Issues Paper on the Implementation of TCFD Recommendations.

With a growing focus on sustainable finance, and particularly the need for a robust toolkit for climate risk management and disclosure, the Institute of International Finance (IIF) and European Banking Federation (EBF) conducted a joint survey of their members. The survey of 70 financial firms around the world, with total assets of nearly $40 trillion, finds that the streamlining of measurement and disclosure frameworks, and increased international collaboration, are key to strengthening the climate-related risk analysis and reporting toolkit.

The IIF has responded to the IAIS Application Paper on Liquidity Risk Management, which was released for public consultation on November 19, 2019.

On January 13, the IIF responded to the Basel Committee’s recent report on open banking and application programming interfaces.

A letter from the IIF SFWG to the NGFS regarding climate risk analysis and measurement urging central banks and supervisors to seek alignment on approach.

Mark Watson and Thomas Campanile of EY sits down with Martin Boer of the IIF to discuss the main findings and strategic implications of the 10th Annual IIF/EY Global Bank Risk Management Survey.

S&P Global Ratings’ Director of Sustainable Finance, Mike Ferguson, at the IIF's AMM.

IIF President and CEO, Tim Adams, delivers scene-setting remarks to the 26th Annual IAIS Conference in Abu Dhabi, UAE. Speech as prepared for delivery.

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.

The 10th Annual IIF/EY Global Bank Risk Management Survey, "An endurance course: Surviving and thriving through 10 major risks over the next decade", carried out by the Institute of International Finance (IIF) and EY, observes and reports on changes in how banks manage risk.

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.

On October 16, 2019 the IIF responded to the IAIS Draft Issues Paper on the Use of Big Data Analytics in Insurance.

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.

Despite tens of billions of dollars being invested in anti-money laundering (AML) and countering the financing of terrorism (CFT) efforts worldwide, stemming the tide of economic crime remains incredibly challenging; the amount of money laundered globally each year is estimated to be 2% to 5% of global GDP, or between 715 billion and 1.87 trillion Euros. In this white paper, the IIF and Deloitte argue that greater emphasis must be placed on improving the legal and regulatory framework and risk management toolkit to enhance effectiveness.

This IIF Staff Paper: "Cyber Risk Insurance Update: Advances in Risk Management, Prioritizing Prevention and Protection" reviews how the cyber risk insurance market is maturing.

These principles support the financial industry’s efforts to continuously improve and strengthen the level of operational resilience for the firms, the customers, markets, the sector, and the broader economies they support nationally and across the globe.

The Institute for International Finance joined a broad coalition of trade associations in submitting this letter to Congress in support of the Illicit Cash Act.

The IIF provides high-level comments on the European Commission’s Technical Expert Group (TEG) report on an EU Taxonomy for sustainable finance.

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.

On August 15, IIF submitted a response letter to the IAIS consultation Revisions related to the Holistic Framework for Systemic Risk in the Insurance Sector.

The IIF responded to the recent FSB consultation evaluating the effects of financial regulatory reform on SME financing.

Today the IIF, together with GFMA, and ISDA, submitted a joint response to the Financial Stability Board’s (FSB) discussion paper on the topic of Solvent Wind-down (SWD) of derivatives and trading portfolios.

The Institute of International Finance (IIF) and the Global Financial Markets Association (GFMA) today submitted a joint response to the Financial Stability Board’s (FSB) discussion paper on the topic of Public Disclosures on Resolution Planning and Resolvability.

Today the Institute of International Finance (IIF) submitted a response to the Global Legal Entity Identifier Foundation (GLEIF) on their preliminary draft for discussion on the Global LEI System Concept Paper: Incorporating Banks into the Global LEI System 2.0.

The IIF has submitted a response to the FSB’s Call for Evidence. We urge the FSB to consider specific issues during its evaluation, including market fragmentary trends around the implementation of the TBTF reforms.

The IIF has submitted letters to the G20, Financial Stability Board and IOSCO commending their commitment to address the increasing levels of fragmentation in financial markets.

In our letter we emphasize the importance and contribution of FBOs to the US financial system and we highlight how the scale of the FBO operations has declined significantly since the initial FBO Rules.

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

The IIF has submitted a response letter to the U.S. Financial Stability Oversight Council (FSOC), which is chaired by the U.S. Treasury, regarding their proposed interpretative guidance on the supervision and regulation of certain nonbank financial companies.

We are pleased to invite comments and suggestions on the latest draft of the voluntary Principles for Debt Transparency.? Feedback is welcomed from all stakeholders, including private sector financial firms; official sector bodies including international organizations, finance ministries and debt management offices; and civil society.

This letter has been submitted to Mr. Ryozo Himino, Vice Minister for International Affairs at the Japanese Financial Services Agency, following up on the Market Fragmentation work currently being undertaken by the Financial Stability Board and the Japanese Presidency of the G20.

Financial Stability Board (FSB) Secretary-General Dietrich Domanski joins GRU, discussing the FSB’s work plan for 2019 and its emphasis on addressing new financial system vulnerabilities and evaluation of effects of policy reforms. (Andres Portilla, Brad Carr).

On January 25, 2019 the IIF submitted its response to the IAIS public consultation on the Holistic Framework for Systemic Risk in the Insurance Sector.

This IIF Report "Addressing Market Fragmentation: The Need for Enhanced Global Regulatory Cooperation", developed by the Special Committee on Effective Regulation (SCER), seeks to define the problem of market fragmentation.

On January 7, 2019, the IIF Senior Accounting Group (SAG) submitted to the International Accounting Standards Board (IASB) its comments on the Discussion Paper on Financial Instruments with Characteristics of Equity.

On January 7, 2019 the IIF submitted its response to the IAIS Recovery Planning Application Paper.

On December 17, 2018 the IIF responded to the IAIS Application Paper on Proactive Supervision of Corporate Governance.

In the second of our episodes from the recent IIF Annual Membership Meeting in Bali, we are joined on FRT by Zia Zaman, Chief Innovation Officer of Me.

The Principles for Stable Capital Flows and Fair Debt Restructuring incorporate voluntary, market-based, flexible guidelines for the behavior of sover.

The Institute of International Finance ("IIF") welcomes the continued efforts of the organization for Asia-Pacific Economic Cooperation ("PEC") in pro.

The Institute of International Finance ("IIF")1 welcomes the Treasury's continued efforts in support of Executive Order 13772 on Core Principles for R.

The IIF has today submitted our comments to the UK Financial Conduct Authority's (FCA) on their consultation document "Our approach to authorization.".

The IIF has responded to the European Banking Authority (EBA)'s consultation on "The EBA's approach to fintech". The response stresses that supervisor.

The IIF has responded to the Basel Committee on Banking Supervision's consultation on "Sound practices: implications of fintech developments for banks.

Mid-sized banks (MSBs), which we define for the purposes of this paper as those with total assets between approximately $100 - $500 billion, face nume.

The Group of Trustees of the Principles for Stable Capital Flows and Fair Debt Restructuring held its 2016 Annual Meeting in Washington, D.C. to revie.

Our recent report, Innovation in Insurance, documented technology-driven changes underway in the insurance industry. One exciting implication of these.

A variety of breakthrough technologies are set to spur a fundamental transformation of the insurance industry. Cloud computing, the Internet of Things.

The Group of Trustees of the Principles for Stable Capital Flows and Fair Debt Restructuring held its 2015 Annual Meeting in Lima, Peru, to review the.