IIF APPLAUDS KEVIN WARSH ON HIS CONFIRMATION AS CHAIR OF THE FEDERAL RESERVE

The following information was released by the Institute of International Finance:

The Institute of International Finance congratulates Kevin Warsh on his confirmation to the Board of Governors of the Federal Reserve System. Mr. Warsh brings deep experience at the intersection of monetary policy, financial markets, and global economic affairs at an incredibly important time for the U.S. and global economy.

At a moment of heightened economic uncertainty and rapid change across markets and technology, thoughtful policymaking and open dialogue between the public and private sectors will be increasingly important in supporting growth, resilience, and well-functioning global markets.

We look forward to working with Governor Warsh and his colleagues at the Federal Reserve on all of the issues shaping the global financial system.

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About the Institute of International Finance (IIF)

The Institute of International Finance (IIF) is the global association of the financial industry, with about 400 members from more than 60 countries. The IIF provides its members with innovative research, unparalleled global advocacy, and access to leading industry events that leverage its influential network. Its mission is to support the financial industry in the prudent management of risks; to develop sound industry practices; and to advocate for regulatory, financial and economic policies that are in the broad interests of its members and foster global financial stability and sustainable economic growth. IIF members include commercial and investment banks, asset managers, insurance companies, professional services firms, exchanges, sovereign wealth funds, hedge funds, central banks and development banks.