Institute Of International Finance Inc

Regulatory affairs. As regulators continue to review and revise policies, we have engaged and responded to key consultations across jurisdictions, ensuring policies promote efficient capital markets and the mobilization of investment and savings for the benefit of local economies. Regarding prudential regulation and fragmentation, the iif continued to aggressively advocate for an efficient, internationally aligned regulatory framework from a pro-growth perspective. We have advocated against the view that "more capital" is always better and against excessively onerous supervisory practices that are stifling and unpredictable. The iif continued to focus on how mitigate the risk of fragmentation as differing approaches from supervisors to capital and liquidity remain a key concern. Going forward, the iif will need to focus on the basel iii endgame, a level playing field and on the future of global standard setting more broadly. Regarding insurance issues, we continued to strive for efficient and pragmatic capital regulation and avoiding misguided approaches to systemic risk in the insurance sector. We have also reinforced our advocacy in emerging areas, including the use of ai, cyber and operational resilience. Finally, we closely watched both the structural shifts in the insurance business model, including private equity owned or influenced insurers and offshore arrangements, and the resulting regulatory response. Regarding non-bank financial intermediation (nbfi), we responded to member concerns about potential competitive inequalities vis-a-vis non-bank players and had had an active year engaging with experts and policy makers to gather evidence and conduct analysis of potential systemic risks. Regarding cyber security, resilience and third-party risk, we continued advocating for pragmatic and effective global standards regarding cyber risk management, third party risks and the development of operational resilience principles for the financial sector. The iif has supported efforts to reduce fragmentation, including in the area of cyber incident reporting.

Sustainable finance. In 2024, our focus on sustainable finance continued to underscore that the financial sector can enable-but not drive- the net-zero transition, that being the role of policymakers. To that end, iif published "resetting the debate on the role of private finance in the net-zero transition" to engage regulators and supervisors globally to reframe the role of the financial sector in the net-zero transition. We have supported our members in this enabling role- holding 8 transition finance workshops globally, from sao paolo and new york to singapore and kuala lumpur, engaging more than 400 participants. Our 2024 sustainable finance roundtables and fora alone welcomed more than 700 participants. In 2025, we will amplify our sustainable finance advocacy in europe for a more pragmatic eu sustainable finance agenda that supports growth and competitiveness.

Digital finance. On digital finance issues, the iif began partnering with the bis on project agora, a global exploration of how tokenization can enhance the functioning of wholesale cross-border payments. This effort is part of our broader work on payments, including with the fsb and the g20. We continued to advocate for a more pragmatic approach to digital assets, and to raise risks in retail cbdc projects. The iif has established itself as the leading industry partner informing policymaker efforts as they pursue new platforms for tokenized deposits, tokenized assets, and new global standards for digital assets. Recognizing the potential transformative impact of ai and new technologies, this year, the iif launched the ai/ml experts group to engage industry leaders and increased our focus on quantum preparedness.

Global events. In addition to roundtables and thematic conversations that cover the above topics, the iif's 2024 flagship events included the global outlook forum during spring meetings week in washington, dc, in april and regional events, such are our european summit in paris and canada forum in toronto. Our annual membership meeting returned in full force to washington, dc, with 1,275 attendees, 66 sessions and nearly 200 speakers, reinforcing iif's forward-looking commitment to addressing the industry's most relevant challenges. Over the course of the year, our members continued to be enthusiastic (~8,000 attendees) and widespread (representing ~100 countries)-we expect this turnout out to be even greater as we close out the year. We remain focused on the importance of showcasing diverse voices. Our ~1,000 speakers made more than 100 events a robust showcase of public sector senior officials and our members' thought leaders. Going into 2025, we will continue to hold regional events, with an australia forum and european summit in march, alongside our flagship annual membership meeting in washington, dc.

Member services. We have put member key concerns and topics of interest as central to our media and events. As a result, iif content has garnered more than 16,000 media mentions, with more than 5,000 mentions that included growth and competitiveness. We expect even more as we close out the year. Our annual membership meeting in october garnered 1,300 article mentions alone, with more than 50 in top-tier publications. Iif continues to lead its peer organizations in top-tier media coverage, earning nearly a third of coverage. Organic social media engagement has increased more than 400% and we continue to grow presence and share of voice via podcasts, and on social media, with ~400k (and counting) impressions across x and linkedin.the future leaders group continues to recognize emerging leaders of the financial industry. The class of 2024 consisted of 60 participants from 58 institutions representing 26 countries. During the european summit in paris and alongside the amm in washington, the class was introduced to c-suite speakers and policymakers, discussing topics ranging from financial stability to nature-related financial risk and the impact of generative ai. We have had robust interest in the class for 2025 and will welcome a class of 65 at the beginning of the new year, our largest class to date.