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 .

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.

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.

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

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 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 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.".

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.

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.

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.