This is the first of a series of exposés focusing on the Institute of International Finance (IIF), the very “visible hand” of financial markets. It is a continuation of the Global Power Project produced by Occupy.com. Part 1 examines the origins of the IIF.
Founded in 1983, the Institute of International Finance (IIF) describes itself as “the world’s only global association of financial institutions” with a membership that includes “most of the world’s largest commercial banks and investment banks,” along with sovereign wealth funds, asset managers, hedge funds, insurance companies, law firms, multinational corporations, development banks, multilateral agencies, credit ratings agencies and an assortment of other global financial and economic organizations. Continue reading