In this episode of the GRU Podcast, IIF's Richard Gray, Director of Regulatory Affairs, is joined by Carole Gintz, Associate Managing Director, Structured Finance at Moody's Ratings and Ian Bell, Chief Executive Officer at PCS Markets, to discuss the current landscape surrounding the securitization market.

After providing a backdrop of the current state of the securitization markets and recent trends, Richard, Carole and Ian discuss many present and future topics within the market, with a particular focus on the market in Europe. The discussion includes highlighting significant regulatory requirements and features and the impact and implications for relevant stakeholders, the health of the securitization market from a credit point of view, consequences and potential outcomes from the recent European Commission consultation on the Functioning of the EU Securitisation Framework, the particular importance of the securitization market in the development of the Capital Markets Union and much more.

In this episode of the GRU Podcast, Andres Portilla, IIF's Managing Director of Regulatory Affairs, is joined by colleague Jessica Renier, Managing Director of Digital Finance, and Jacques Visser, Chief Legal Officer at Dubai International Financial Centre (DIFC), to discuss developments both at DIFC and in the landscape of financial centers at large. The discussion covers a wide range of topics, including the role of financial centers in the financial industry, artificial intelligence regulation, approaches to the private wealth market, the ever-evolving landscape of digital assets, evolution and differentiation of DIFC's legal frameworks from other financial centers and much more.

In this episode of the GRU podcast, we are delighted to be joined by Ana Arsov, Global Head of Private Credit and Co-Head of Financial Institutions, and Scott Robinson, CFA, Associate Managing Director, Financial Institutions, of Moody’s Ratings to discuss the current landscape in Private Credit. The discussion begins with Ana outlaying the current state of the private credit market before detailing Moody’s role in the private market, who major investors are and what the outlook seems to be in the marketplace.

The episode then shifts to a focus on insurance, as Scott gives a brief overview of the history of insurers in the private credit space before discussing the interrelation between private creditors and insurers and the mutual benefits of the relationship. Ana and Scott continue the duration of the podcast describing alternative asset managers’ work with the insurance sector, key findings from a recent Moody’s survey of life insurers in private credit, approaching risks and benefits investing in private credit, rating activity in private credit, bank relationships in the private credit space, macro implications for the financial system and much more.

In this episode of the IIF Global Regulatory Update podcast, we host Lauren E. Semrad, a Partner at Cleary Gottlieb Steen & Hamilton, to provide an overview of and discuss the new Securities and Exchange Commission (SEC) central clearing rule for secondary UST cash and repo transactions.

The episode begins with Lauren providing an overview of the new SEC rule, centered around key implementation considerations for Fixed Income Clearing Corporation (FICC) clearing members and other market participants. Mary Frances and Lauren then discuss a number of topics surrounding the new rule, including expected changes to the FICC Rulebook, market implications both domestically and internationally, and challenges related to done-away trades.

In this episode of the IIF Global Regulatory Update podcast, we host Stuart Doyle, Principal, Global Financial Services at EY, to discuss findings from the inaugural IIF/EY Global Insurance Risk Management Survey.

The discussion centers around the five major takeaways from the survey, which included nearly 70 institutions in the insurance sector: • What Chief Risk Officers (CROs) can do to engage in transformation and enable responsible risk-taking • How strong risk management can set the foundation for advanced capabilities • Strategic investment in tech and talent top the investment agenda when resources are tight • What CROs can do to prepare for the full impact of AI - both across the insurance business and within their own operations • How the CRO role is evolving alongside the changing insurance business model and risk landscape

The podcast discussions also spans a number of other topics from the survey findings, including the importance of the CRO role in the C-suite; how to foster innovation while ensuring data security; approaches to combatting third-party risk; reflections on the findings from the inaugural Global Insurance Risk Management Survey compared to the Global Bank Risk Management Survey – another annual collaboration between the IIF and EY; potential blind spots in the industry, and more.

The full IIF/EY Global Insurance Risk Management Survey can be found here.

In this episode of the IIF Global Regulatory Update Podcast, we host Paul Hiebert, Head of Systemic Risk & Financial Institutions Division at the European Central Bank (ECB) and Co-Chair of the ECB/ESRB Project Team on Climate Risk.

The discussion centers around the recent ECB/ESRB report titled “Towards Macroprudential Frameworks for Managing Climate Risk,” which introduces a surveillance framework for assessing the impact of climate-related risks on the EU financial system. Opening with an overview of the report's context, the podcast delves into comparisons with ECB/ESRB climate scenario analyses exercises and highlights key charts for listeners.

The discussion then explores the new surveillance framework, focusing on metrics and indicators, and delves into the report's key findings for the banking, insurance and non-banking sectors, respectively. The conversation extends to policy considerations, discussing the report’s menu of options for macroprudential authorities and the relationship with existing measures by financial sector supervisors.

The episode concludes with initial insights into nature-related financial risks, their significance compared to climate-related financial risks, and a glimpse into the ECB/ESRB Project Team's future plans.

In this episode of the IIF Global Regulatory Update Podcast, we host four McKinsey senior financial leaders - Justin Greis, Lamont Atkins, Soumya Banerjee, and Lauren Craig. All featured McKinsey speakers have vast experience and influence in the world of cybersecurity and emerging technology: Justin is a Partner leading cybersecurity work in North America within the Risk & Resilience Practice, Lamont is a Senior Advisor, Soumya is an Associate Partner, and Lauren is an engagement manager and cybersecurity expert.

The focus of the conversation revolves around findings of the joint IIF/McKinsey 2024 Report on Futureproofing Cybersecurity and Emerging Technology, titled: “The Cyber Clock is Ticking: Derisking Emerging Technologies in Financial Services.” Topics include the challenges and opportunities financial services firms face in adapting to the rapidly evolving technology landscape and the associated cybersecurity risks.

The episode delves into themes such as the changing cyber risk landscape, the benefits and risks of emerging technologies, the relevance of cloud and edge computing, the impact of generative AI and the importance of cyber risk management strategies. The group also discusses key questions for organizations to consider in enhancing their security posture. The podcast concludes with suggestions for listeners to enhance their own cyber resilience in the face of evolving technological landscapes.

The full survey report is available on both the McKinsey and IIF websites.

In this episode of the GRU Podcast, we are pleased to be joined by Shigeru Ariizumi, now Chair of the International Association of Insurance Supervisors (IAIS) Executive Committee, to discuss plans for the IAIS in 2024.

Topics include finalizing the long-awaited Insurance Capital Standard (ICS) and strategy behind its implementation, importance of climate risk in the approach of the IAIS, integration of consumer protection and protection gap issues, the evolving role of private equity in insurance markets, developments in AI and cyber risks related to the insurance sector and overall plans for Shigeru’s tenure as Chair.