Working Groups and Committees

The Regulatory Affairs, Economic Research, Global Policy Initiatives and Digital Finance departments organize groups of representatives from IIF members to articulate international perspectives on policy priorities, and to interact with corresponding groups in the official sector.

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Note 1: The Board of Directors of the Institute defines overall views on regulatory and related issues, as articulated by the Institute to the G20, International Monetary Fund (IMF), and Financial Stability Board (FSB). 

Note 2: The working groups listed below may be more or less active at any given time depending on what issues are currently most pressing. In addition, ad-hoc groups may be formed from time to time to respond to specific needs. 

Regulatory Affairs Department

IIF Steering Committee on Regulatory Capital (SCRC)

The SCRC is the senior group within the IIF responsible for coordinating efforts in the area of regulatory capital and liquidity requirements. It plays a central role in leading industry responses to the Basel III reform proposals and engaging in dialogue with the Basel Committee. This Committee also works in collaboration with the SCER (see below) on systemically relevant issues of institutions. Membership within the committee is comprised exclusively of senior executives from IIF member banks and is by invitation only. The following SCRC working groups are called upon periodically for relevant consultations: 

  • Working Group on Capital Adequacy (WGCA): The WGCA interfaces with several of the Basel Committee’s sub-groups to address technical issues, especially in regard to credit risk, leverage and capital, including related issues such as large exposures. 
  • Working Group on Market Risk (WGMR): The WGMR interfaces with the Basel Committee to address any issues related to the Basel requirements for market risk, including the presentation of impact data. This working group is also involved in the Joint Trades Counterparty Credit Risk project as well as examining any issues related to the IBOR transition process.
  • Disclosure Working Group (DWG): The Disclosure Working Group provides a voice for banks on global risk disclosure issues. The DWG address issues on improvement of risk disclosures of banks mainly focusing on the work by the Financial Stability Board and the Basel Committee on Banking Supervision. The DWG also seeks constructive ways to improve disclosure across the global financial services industry, including reducing redundant or outmoded disclosures.

Global Policy Initiatives Committees and Working Groups

Council for Sustainable Asset Management (CSAM)

Originally established in 2012, the IIF Council for Asset and Investment Management (CAIM) brought together senior executives from buy-side institutions—including asset managers, insurers, pension funds, sovereign wealth funds, hedge funds and private equity firms—for dialogue with peers and policymakers on issues pertaining to long-term investment. These included challenges for asset allocation and investment management in the context of current market developments and financial stability risks, as well as the implications of structural market and regulatory changes over time. As the Council enters its second decade, and given the significant changes in the investment landscape over the past 10-15 years, we have decided to update the group’s mandate, rebranding it as the IIF Council for Sustainable Asset Management (CSAM). CSAM aims to enhance the understanding of the interconnections between investor behavior, policy and regulatory developments and global market dynamics. It provides senior investment professionals with a unique peer-to-peer forum to exchange views and facilitate dialogue with key global governance bodies such as the G20 and the international financial institutions, as well as the Financial Stability Board, IOSCO, CPMI and other standard setters, the regulatory community, and leading national and regional policymakers. CSAM will also coordinate and collaborate with key industry trade associations, wherever possible, allowing us to leverage our respective strengths, minimize duplication and further enhance the impact of our efforts.

Digital Finance Groups

IIF Digital Finance Working Group

The Digital Finance Working Group guides and oversees the IIF’s advocacy on digital and innovation regulatory and policy issues. Its scope includes topics related to data (including data-sharing, data-protection and data-localization), new entrants and competition, ‘RiskTech’ (adoption of innovations to improve risk management, including RegTech), crypto-currencies and distributed ledger technology and cyber-security. Where this working group focuses on the strategic agenda, it is in some cases supported by other technical working groups. Membership of this working group is open to banks, insurers and asset managers.

Economic Research Groups

Market Monitoring Group (MMG)

Launched in 2009, the MMG focuses on structural changes in financial markets, the regulatory environment, and the global economy that may be sources of potential systemic risks. The group convenes Chief Risk Officers and other senior market practitioners from banks and institutional investors as well as academics and specialized consultancies. The MMG monitors emerging vulnerabilities including those related to changes in liquidity provision and the impact of new financial technologies; mispriced assets, crowded trades and concentration risk; deterioration in business practices; and other nascent risks of concern to the industry and policymakers. The group explores ways to contain these risks and shares its views with market participants and public-sector bodies in an effort to enhance financial stability.

The MMG holds meetings as well as conference calls and regular briefing and support from IIF staff. Particular emphasis is placed on regular communication with relevant public-sector bodies including the Financial Stability Board, the U.S. Financial Stability Oversight Council, the European Systemic Risk Board, the IMF, and other key policy-setting bodies and research centers. Membership in this group is subject to co-chair approval.

Other Groups

IIF Future Leaders Group

The IIF Future Leaders Group is comprised of dynamic young leaders representing some of the brightest emerging talent in the industry. Each annual class of Future Leaders meets twice a year, generally around major IIF meetings, for a multi-day program designed to introduce them to the big ideas and topics that will drive the future of the industry. Participation in Future Leaders is open to those 40 or under who have track records of achievement within their institutions and have the potential, in the nominating institutions’ view, to become a leader in global finance. Participation is by invitation only and participants are nominated by a member firm’s senior management.