Institute of International Finance

The Institute of International Finance, Inc. (IIF) is a global association or trade group of financial institutions. It was created by 38 banks of leading industrialized countries in 1983 in response to the international debt crisis of the early 1980s. See the arguments in support of this in. The IIF serves its membership in three ways:

The Institute's Board of Directors numbers 35, led by Chairman Douglas Flint; Vice Chairmen Roberto Setúbal, Walter Kielholz, Richard E. Waugh, and Marcus Wallenberg (also Treasurer of the IIF). The IIF's President and Chief Executive Officer is Timothy D. Adams, who has held the position since February 1, 2013. The Institute is headquartered in Washington, D.C., and opened its Asia Representative Office in Beijing in November 2010 and Middle East and Africa Representative Office in Dubai in 2014.

IIF members include most of the world's largest commercial banks and investment banks, a growing number of insurance companies and investment management firms. Associate members include multinational corporations, trading companies, export credit agencies, and multilateral agencies.

Approximately half of the Institute's members are European-based, while representation from leading financial institutions in emerging market countries is increasing steadily. By 2010, the Institute's members included over 450 of the world's leading banks and finance houses, headquartered in more than 70 countries.

Acting on behalf of private creditors, the IIF has played a role in the global financial crisis of 2008 by advocating to relax subsequent attempts of self-regulation, as in the Basel III rules, the debt crises of Latin American, Asia, and the Euro zone.

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