The Institute of International Finance (IIF) is the association or trade group for the global financial services industry. It was created by 38 banks of leading industrialized countries in 1983 in response to the international debt crisis of the early 1980s,[1][2] and has since expanded to represent more than 400 firms from more than 60 countries.[3] IIF members include commercial and investment banks, asset managers, insurance companies, professional services firms, exchanges, sovereign wealth funds, hedge funds, central banks and development banks.
 | |
| Abbreviation | IIF |
|---|---|
| Formation | 1983 |
| Headquarters | Washington, D.C. |
President and CEO | Timothy Adams |
| Website | www |
The IIF's mission is to support the financial industry in the prudent management of risks; to develop sound industry practices; and to advocate for regulatory, financial and economic policies that are in the broad interests of its members and foster global financial stability and sustainable economic growth.
The IIF focuses its advocacy, research and convening power on key topics of importance to its members, including sustainable finance, digital finance, risk and regulation, and debt. IIF provides its members with events, webinars, roundtables, workshops, podcasts, research reports and more.
The Institute's Board of Directors[4] includes 48 leading CEOs and Chairs, led by Chair Ana Botín; Vice Chair & Treasurer Sim Tshabalala, Vice Chair (Banking) Piyush Gupta and Vice Chair (Insurance) Michel Liès. The IIF's President and Chief Executive Officer is Timothy D. Adams, who has held the position since February 1, 2013.[5] The Institute is headquartered in Washington, D.C., and has satellite offices in Beijing, Singapore, Dubai and Brussels.
Membership
editIIF members include commercial and investment banks, asset managers, insurance companies, sovereign wealth funds, hedge funds, central banks and development banks.
Former chairs
edit- William S. Ogden (Chairman of the formation committee and Interim Board, 1983)
- Richard D. Hill (1984–1986)
- Barry F. Sullivan (1986–1991)
- Antoine Jeancourt-Galignani (1991–1994)
- William R. Rhodes, Acting Chairman (April - October 1994)
- Toyoo Gyohten (1994–1997)
- Georges Blum (1997–1998)
- Sir John R.H. Bond (1998–2003)
- Josef Ackermann (2003–2012)
- Douglas Flint (2012-2016)
- Axel A. Weber (2016-2022)
- Ana Botín (2023- )
References
edit- ^ UNESCAP (27 April 2000). "Economic and financial monitoring and surveillance: Institute of International Finance". Economic and Social Survey of Asia and the Pacific, 2000 (Report). Archived from the original on 3 August 2013. Retrieved 9 August 2013. This section in UNESCAP's annual report reviewed the IIF along with the International Monetary Fund (IMF) and Bank for International Settlements (BIS) and credit rating agencies in terms of financial monitoring and surveillance.
- ^ William R. White (16–17 March 1998). Promoting international financial stability: the role of the BIS (PDF). Conference on Coping with Financial Crises in Developing and Transition Countries: Regulatory and Supervisory Challenges in a New Era of Global Finance. Forum on Debt and Development. Amsterdam: Nederlandsche Bank. By March 1998 a new paradigm had emerged in terms of regulation and policy-making in a new era of global finance with increasingly "sophisticated and rapidly changing markets." At a conference on debt and development White argued that "policy makers and regulators" would have to "rely increasingly on market-led processes to provide the discipline required to lead to prudent and stabilizing behaviour."
- ^ Our Member Institutions - Institute of International Finance
- ^ "IIF BOARD OF DIRECTORS".
- ^ "Tim Adams appointed to succeed Charles Dallara as IIF Managing Director". IIF Press Release. Archived from the original on 30 January 2013. Retrieved 14 February 2013.