The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookiesbefore using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

IIF: Harmonization is the watchword in Washington

From integration to level playing fields: the discussions at this year’s IIF meetings in Washington were dominated by talk of combating divergence. Other familiar complaints were still present, but the overall tone was less fearful than in 2016.


Bankers at October’s Institute of International Finance (IIF) meetings were in broadly upbeat mood as they convened in Washington DC alongside the broader IMF/World Bank annual jamboree. And with good reason.

“Last year everyone was worried about whether Deutsche Bank was going bust – this year everyone is wondering who will buy Commerzbank,” one global banking head told Euromoney. “That tells you everything you need to know.” 

It was a neat illustration of what had been a startling change of tone, all the more startling given the many political and economic worries still hanging over markets.

The watchwords for many attending were integration and harmonization – both political and regulatory. In both a European and Asian context, delegates saw a failure to generate more commonality as likely to hamper continued growth or continued recovery. 

On the global level, talk of uneven playing fields was pervasive, both in relation to bank regulation bugbears like Basel IV and the many emerging digital challenges to the traditional order.

RBS chairman Howard Davies knows all about mixed pictures: his bank has been one for years.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?