Institute of International Finance

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

On Track 2 of today’s IIF Annual Membership Meeting, programming zoomed in on 2 key issues for IIF members – regulatory affairs and transition finance. Check out some highlights from today’s Track 2 sessions:   Sarah Breeden, John Dugan, Neil Esho and Gene Ludwig joined us first thing for a session on global priorities in financial sector regulation, followed by a discussion on market fragmentation with Art Lindo, Andrew Nash, Brendan Reilly and Fernando Restoy Lozano.   Risk is a hot topic for IIF firms – and Linda French, Emmanuel Givanakis, Satoshi Ikeda, Ludivine LABARRE, Piyush Agrawal, Sharon Donnery and Ryan Zanin joined us for two back-to-back session on risk and supervision. We closed out the morning on Track 2 with Shigeru Ariizumi of JFSA.   The afternoon pivoted into a deep dive on transition finance, as Darryl Chan, Jérôme Jean Haegeli, Alan Levy and Sandra Phlippen dove into the “climate crunch.” Kenny Fihla, Jamie Franco, Starla Griffin and Elizabeth Seeger shared their perspectives on creating a better investment environment in emerging markets, while Judson Berkey, Satoshi Ikeda, Tomohiro (Tomo) Ishikawa and Meaghan Muldoon highlighted challenges with international alignment in transition planning.   The last two Track 2 sessions of the day covered sustainable markets and natural capital / biodiversity, with Margaret Franklin, CFA, Scott O’Malia, Kara Succoso Mangone, Hirotaka Hideshima, José Luis Muñoz and Barbara Oldani.   See what else you missed today at the IIF Annual Membership Meeting: https://lnkd.in/dWmewx4K

Day 2 of the 2024 #IIFinDC Annual Membership Meeting was one for the books. Tim Adams kicked off today’s programming with a breakfast discussion with Martin Wolf of the Financial Times and University of Chicago Booth School of Business Professor Raghuram Rajan discussing the global economic outlook.   Today’s program featured 2 tracks – Track 1 focused on the “Big Ideas” impacting the industry, and Track 2 examined regulatory affairs and transition finance. Check out some key highlights from Track 1: European Central Bank’s Philip Lane joined us today for a fireside chat, alongside Maya MacGuineas of the Committee for a Responsible Federal Budget, Jay Clayton of Sullivan & Cromwell LLP, Banco de España Governor José Luis Escrivá, De Nederlandsche Bank President and Financial Stability Board (FSB) Chair Klaas Knot, Bank of England Governor Andrew Bailey, and Sveriges riksbank Governor & Basel Committee Chair Erik Thedéen.   We also had the pleasure of presenting Agustín Carstens of the Bank for International Settlements – BIS with the IIF Distinguished Leadership and Service Award. Mr. Carstens then joined us for a conversation with Sergio P. Ermotti of UBS.   Track 1 panel discussions covered a range of topics, including unlocking investment opportunities, the outlook for Japan, and the growth outlook, featuring Hisham Ezz Al-Arab, Cezary Stypułkowski, Shriti Vadera, Akinari Horii, Sheila Smith, Karl Guha, Kanetsugu Mike and Robin Vince.   Today’s program lunch featured a discussion on geopolitical tensions awaiting the new U.S. administration, featuring Katherine Bauer, Richard Fontaine and Evan Medeiros. Check out highlights from Track 2 today: https://lnkd.in/dWMcBzvP   And don’t forget! Its not too late to donate to the official charity of this week’s Annual Membership Meeting, World Central Kitchen. Donate here: https://lnkd.in/evNMcFpb

Day 1 of the 2024 #IIFinDC Annual Membership Meeting just wrapped, and what a day it was! We kicked off our program with a conversation with The Wall Street Journal's Greg Ip and Bloomberg's Kate Davidson, sharing insights on the U.S. #economy going into the presidential #elections. Today's program featured fireside chats with Sethaput Suthiwartnarueput of Bank of Thailand, Kevin Hassett of the Milken Institute and Hoover Institution, Stanford University, Amy Walter of the The Cook Political Report with Amy Walter, and Phillip Swagel of the Congressional Budget Office, covering U.S. politics, global economics, #AI and other key topics of interest to IIF members. Thanks to Alicia Garcia-Herrero 艾西亞 of Natixis and Haibin Zhu of J.P. Morgan for leading off today's panel discussions, covering the #China economic and policy outlook with Gene Ma. Jessica Renier led us in a discussion on #tokenization and the future of finance with Dante A. Disparte of Circle and Cecilia Skingsley of BIS, while Wolfgang Engel took us on a tour of #emergingmarkets with Joseph A. of The Commercial Bank, Emrie Brown of Rand Merchant Bank, Khairussaleh Ramli of Maybank and Juan Carlos Mora of Bancolombia. The afternoon saw panelists Claudio Irigoyen of Bank of America, Mário Mesquita of Itau Unibanco, Saleha Mohsin of Bloomberg and Mila Skulkina, CFA of Lord Abbett join Marcello Estevao for a conversation about #dollar dominance, and Carsten Brzeski of ING, Arnab Das of Invesco, Lori Heinel of State Street Global Advisors and Mark Patrick of TIAA join Emre Tiftik to talk about the decade of #debt. Also in the afternoon, IIF President and CEO Tim Adams presented U.S. Treasury Secretary Janet Yellen with the IIF's Distinguished Leadership and Service Award, bestowed on an individual who has made sustained, distinguished contributions to the global economy through public service. Secretary Yellen has made many outstanding contributions to the strength and soundness of the U.S. — and global — economy, and we were thrilled to honor her today. To close out the program, Clay Lowery led us in a discussion with Richard Baldwin, Greta Milligan Peisch, Stephen Vaughn and Olivia White on global #trade. Many thanks to Jonah Goldberg for joining us to share his insights at our evening reception, and thanks to all the speakers and sponsors who made this event possible. It's not too late to support our official charity for this year's program: World Central Kitchen. Learn more about the AMM and donate here: https://lnkd.in/evNMcFpb

This is a big week in Washington, D.C., as global policymakers and finance leaders (including many IIF members!) descend on D.C. for the International Monetary Fund/The World Bank/Institute of International Finance Meetings. Throughout this week, we're hosting a series of events for our members. Check out what we have ahead this week, and don't miss out on our #IIFinDC Annual Membership Meeting, taking place from Tuesday - Friday. Check out the agenda here: https://lnkd.in/evNMcFpb 📅 Tuesday, October 22 IIF - The World Bank Tokenization Breakfast: https://lnkd.in/eAUq3f9j 📅 Wednesday, October 23 IIF Insurance Roundtable, with guest speaker Jonathan Dixon of the IAIS - International Association of Insurance Supervisors :https://lnkd.in/eeeQV_MB 📅 Wednesday, October 23 Panel Discussion: Scaling Financing for Sustainable Development This event is jointly hosted by the IIF and the Impact Disclosure Taskforce, a network of financial institutions, capital markets stakeholders, and official development institutions, co-chaired by J.P. Morgan and Natixis Corporate & Investment Banking. Learn more: https://lnkd.in/eUu_XrT9 📅 Friday, October 25: IIF Breakfast on Cross-Border Payments and the #G20 Roadmap: https://lnkd.in/eqXAWavW 📅 Friday, October 25: IIF Special Session on AI, Financial Stability and Digital Trust: https://lnkd.in/ekVCTMZ6 We'll also be convening our fantastic cohort of IIF Future Leaders, a group designed to recognize emerging leaders in the financial industry. We're looking forward to engaging our Future Leaders on the key issues facing, and shaping, the industry today.

In the latest episode of the Current Account #podcast, Clay Lowery is joined by IIF President and CEO Tim Adams to preview the 2024 IIF Annual Membership Meeting taking place this week in Washington, D.C. Clay and Tim look ahead at many topics that stand to be at the forefront of discussion, including #geopolitical risks, the state of emerging markets and global #debt, implementation of emerging technologies such as #artificialintelligence and digital payments, impacts of the upcoming U.S. Presidential #elections and much more. Tune in: https://lnkd.in/eg7gWEze