Institute of International Finance

At our recent Annual Membership Meeting, we caught up with members of the IIF Future Leaders Group to talk about key priorities for the next generation of leadership in the global finance industry. Mandy Louise Rawlinson, Head of Client Risk and Governance at abrdn, joins us for our first #CSuite2035 video to share her key takeaways from the meetings and skills that are becoming increasingly important for the future of the industry. We talk a lot about the changing landscape around regulation and technology, highlights Rawlinson, but one of the most important qualities for future leaders? Leading with integrity: "Trust is the foundation of the finance industry." Check out the video below, and stay tuned for more insights from rising industry talents in our #CSuite2035 series.

Next week, IIF will be on the ground at the 29th Conference of the Parties of the United Nations Framework Convention on Climate Change, also known as #COP29. Where can you catch our staff? Here's where we'll be speaking at COP29: 📅 Date and Time: November 14, 12:00 pm - 12:45 pm AZT 📣 Panel Discussion: Unlocking Scalable Transition Finance: From Principles to Practice 🌏 Location: Turkish Pavilion, Blue Zone With growing global interest in private sector transition plans from regulators, policymakers, investors, and civil society credibility in transition planning is essential. As the G20 crafts high-level principles, international regulatory bodies undertake work on transition planning, and more companies publish transition plans, how can we promote international alignment in approach and avoid fragmentation? How can financial sector transition plans serve the needs of such different stakeholders, and how can we agree on global standards for what constitutes a credible, high-quality transition plan? IIF's Emre Tiftik will be joined by panelists Tomohiro (Tomo) Ishikawa, Mekala Krishnan, Meral Murathan, Luke Nelson, and Oliver Phillips to discuss these critical issues and more. 📅 Date and Time: November 14, 12:05 pm - 12:45 pm AZT 📣 Panel Discussion: Transition Plans: Establishing best practice for the hard-to-abate sectors 🌏 Location: Sustainable Innovation Forum, Baku Marriott Hotel Boulevard Join IIF moderator Jeremy McDaniels and panelists Dr. Alexander Schmidt, Johan Falk, John C. H. Lindberg FRSA, and Noelia Garcia Nebra to hear directly from multinationals demonstrating how reporting and planning are yielding financial rewards, understand the latest developments from standard setters to ensure interoperability and boost your attractiveness to financial institutions through the gold standard in climate-related disclosures. 📅 Date and Time: November 14, 2:15 pm - 3:00 pm AZT 📣 Panel: From Crisis to Opportunity: Financial Pathways to a Nature-Positive Future 🌏 Location: Turkish Pavilion, Blue Zone There is increasing attention on nature-related priorities and a growing debate about the role of financial institutions in scaling up finance to address the nature crisis and support the transition to a nature-positive economy. The business case for transitioning to a nature-positive future still needs clearer definition, as leveraging the existing climate finance toolkit for nature is not always straightforward. IIF's Jeremy McDaniels, alongside Christian Deseglise, Berrin Mahmutoğlu, Markus H.-P. Müller and Masa Takanashi, will examine the evolving approaches to nature-related strategies and instruments, highlight key policy challenges, and explore how leading financial firms are assessing nature-related risks and opportunities. Want to learn more about IIF at COP29? IIF members can sign up for our COP Dispatch newsletter - email media@iif.com to be added to the list.

We are proud to partner with Pollination on this new report, out now, exploring how financial institutions are using transition plans to manage risks and opportunities while aligning their strategies with net-zero goals. This analysis highlights the growing importance of transparency, accountability, and integrating nature and social considerations into transition plans. With evolving regulations and increased expectations for plan quality, the report provides key insights on how to develop robust, regularly updated plans that demonstrate real progress. Check it out ⤵

In a new episode of Current Account, Clay Lowery discusses recent economic and political developments in Japan with IIF Economist Jonathan F.. Clay and Jonathan discuss a brief overview of the recent elections in Japan, before diving into a discussion on the Bank of Japan's, how geopolitics may impact international relations, the recent patterns of coalition governments in major economies and more. Listen Now: https://lnkd.in/euT6B_A8

In this week's episode of Current Account, Clay Lowery gives a live update from the #IIFinDC 2024 IIF Annual Membership Meeting, reviewing key themes in regulatory, debt sustainability, transition finance and macroeconomic discussions throughout the week. Don't miss this recap: https://ow.ly/QzG250TXbqa

That's a wrap on our 2024 #IIFinDC Annual Membership Meeting! With 60+ sessions, 150 speakers, and 1,000+ attendees joining us over 4 days, the 2024 AMM brought together our truly global membership for impactful discussions on the big ideas shaping our industry and the world.   Our day kicked off with views from Jana Randow of Bloomberg and Peter Thal Larsen of Reuters Breakingviews sharing insights on the future of European growth, competitiveness, and what to make of the #Draghi report. Next up, IIF President and CEO Tim Adams spoke with Polish Ministerstwo Finansów Undersecretary of State, Pawel Karbownik, Commerzbank AG CEO Bettina Orlopp, and Jean Pisani-Ferry, Senior Fellow at Bruegel and Visiting Fellow at PIIE on achieving faster, resilient growth.   We also saw Sonja Gibbs lead a discussion on the role of green investment and transition finance in achieving growth in the European economy with Jean Lemierre, Chairman of the Board of Directors of BNP Paribas, Pietro Carlo Padoan, Chairman of the Board of Directors of UniCredit, and Christian Sewing, CEO of Deutsche Bank.   Robert Priester spoke with #EU parliamentarians Jonás Fernández and Fernando Navarrete on policy priorities, including Capital Markets Union, securitization and obstacles to achieving the aims of the Draghi report.   Later, Tim sat down for a chat with Chairman of abrdn, Douglas Flint, and Group Chief Executive at Barclays, CS Venkatakrishnan, to discuss growth opportunities for for the UK, including AI and tech, energy and the UK-EU relationship.   To wrap up day 4 and our program, CNBC's Karen Tso led us through a final panel discussion featuring Societe Generale Chairman Lorenzo Bini Smaghi, Fidelity International Vice Chair, Anne Richards, ABN AMRO Bank N.V. CEO and Chair Robert Swaak, and Axel Weber, President of the Center for Financial Studies at Goethe University Frankfurt, on the global risk outlook. A big thank you to all who joined us this week for our program, and special thanks to the sponsors who helped make this event happen: S&P Global, ADGM, DIFC, Circle, Fitch Ratings, Ludwig Advisors, McKinsey & Company, PwC, Standard Bank Group, Visa, Bank of America, CFA Institute, Haver Analytics, Moody's Ratings, and Stripe. Special thanks also to the official charity for our 2024 Annual Meeting, World Central Kitchen. See you next year!

Day 3 of the IIF Annual Membership Meeting was once again jam-packed, as programming split into two tracks. Over on Track 2, we kicked off the day with a series of panels on economics and emerging markets. Industrial policy led the Track 2 program, with a discussion on China’s role in global manufacturing featuring Taimur Baig, Jang Ping Thia and Angel Ubide. Next up, Marcello Estevao led us in a panel discussion with Kawtar Eddahmani, Salmaan Jaffery, Anil Kishora and Carlos Fernández Valdovinos on new engines of growth. The morning on Track 2 was rounded out with two panels on emerging markets, featuring Rami Aboul Naga, Christian Kopf, Vladimir Werning, Esther Law, Arvind Ramamurthy, Nathan Sheets and gorky urquieta. After lunch, Track 2 moved over to digital finance topics, kicked off with a global AI update featuring Bhavesh Dayalji, Nellie Liang and Daniel Pinto, followed by a keynote speech by Hyun Song Shin of Bank for International Settlements – BIS. Bank of Korea Governor Chang Yong Rhee joined us in conversation with Clay Lowery, followed by a conversation on the global south and the role of transformative technology with Standard Bank Group Group Chief Executive Officer Sim Tshabalala. The discussion continued on with panelists Renato Gomes, Ana María Ibáñez, Charith Mendis, and Faryar Shirzad. We closed out Track 2 with a fireside moderated by CNN’s Fareed Zakaria, featuring Jeremy Allaire discussing the future of money. Check out what you missed on Track 1: https://lnkd.in/eUiPD5KS

Day 3 of the IIF Annual Membership Meeting was jam packed with sessions on current affairs, new priorities, economics and digital finance. We kicked off our morning with a breakfast program, "Waking Up with Morning Money," as Zach Warmbrodt of POLITICO led a fireside chat with Gene Sperling, Senior Economic Advisor to the Harris-Walz Campaign & Former Director of the National Economic Council of the United States. Programming once again split into two tracks for the day, as Track 1, our Current Affairs and New Priorities track, got off to a fantastic start with insights from Turkish Minister of Treasury and Finance, Mehmet Şimşek in conversation with IIF's Ugras Ulku. Other Track 1 firesides included a 1 to 1 with Charles Scharf of Wells Fargo, and Chia Der Jiun, the Managing Director for the Monetary Authority of Singapore (MAS). The Track 1 program also featured panel discussions on the future of retail payments and CBDC, financial crime, cybersecurity, geopolitics, the global energy outlook, private credit and international financial architecture. Many thanks to panelists John Collison, Tommaso Mancini-Griffoli, Andrew Torre, Swaminathan Janakiraman, Edward Knight, Brent McIntosh, Chandana R., Jason Harrell, CISM, Elizabeth McCaul, Martin Moloney, Hal Brands, Michele Flournoy, Kristen Silverberg, Standard Chartered Group Chairman José Viñals, Helima Croft, Daniel Yergin, Ana Arsov, Dr Alexis Crow, Ruth Yang, Jan Friederich, Isabelle Mateos y Lago, Brent Neiman and Magdalena Polan for joining us on Track 1 today. Today’s lunch program was also a highlight, as we were joined by IIF Board of Directors Chair and Executive Chair of Santander, Ana Botín, in a conversation with IIF President and CEO Tim Adams, followed by a discussion between Tim and JPMorganChase Chairman and Chief Executive Officer Jamie Dimon. Both focused on the need for pro-growth policies and the power of technology to transform financial services, but as Ana Botín notes, “technology is not a panacea; business and operating models have to be aligned for technology to help.” Check out the highlights from Track 2: https://lnkd.in/emGcJJ64 And don’t miss the final day of our program, as we focus on a competitive future for Europe. Check out the agenda here: https://lnkd.in/egByf-ZW

Live at #IIFinDC, we were just joined for an insightful discussion with IIF Board Chair and Executive Chair of Santander, Ana Botín, covering her outlook for #emergingmarkets, the future of a competitive #Europe and the technology transforming finance. She highlighted the importance of pro-growth policies in #Europe: "If we try to take all risk out of the equation, we take returns out of the equation too. We need a balance between keeping banks safe and promoting growth." On technology for financial services: “Technology is not a panacea; business and operating models have to be aligned for technology to help.” Thanks to Ana Botín for joining us today, and sharing her insights with our members.

We are proud to share that General Manager Agustín Carstens has been honoured with the Distinguished Leadership and Service Award by the Institute of International Finance. This prestigious award recognises his outstanding leadership, sustained and significant contributions to the global economy through public service. Congratulations, Mr Carstens! 📸 IIF