ABOUT

A forum for public-private sector interactions

The Official Monetary and Financial Institutions Forum (OMFIF) is formed around a core of public sector asset and reserve holders at the heart of world finance. Central banks and sovereign wealth funds play an ever-growing role in international economic management, undertaking activities that require a high degree of confidentiality and discretion. At the same time, they need thoroughgoing interaction with the private sector to help improve their performance and tackle a variety of old and new tasks.

OMFIF goes to the root of the challenges confronting the world economy by providing a convenient yet discreet means for high-level financial market dialogue aimed at controlling risks and enhancing prosperity. OMFIF’s activities are crystallised around two essential areas: improving the effectiveness of individual public sector institutions through better asset and liability management; and increasing the cohesiveness of the new supervisory and regulatory arrangements.

Pivotal role builds on enhanced Group of Twenty

Embracing the strengthened role in international economic policy of the Group of Twenty leading economies, OMFIF provides a premier international focal point for cross-border exchanges of views, experiences and best practice among:

• Central banks
• Sovereign wealth funds and other public sector asset managers
• Supervisory and regulatory bodies
• Public sector debt agencies
• A select group of private sector organisations that interact with Official Monetary and Financial Institutions (OMFIs) in the marketplace - including investment banks, asset managers, commercial banks, payments organisations, IT companies, and advisors among world leaders in accounting, insurance, law and consultancy

Uniquely sensitive environment

Despite their widely diverging histories, practices, sizes and business locations, OMFIs share a broad range of characteristics. They operate in a uniquely sensitive environment where a variety of factors makes information exchanges both necessary and difficult.

Necessary, because these institutions need to keep abreast of ever-changing market developments and practices as part of their overall objectives of bolstering their performance and their contribution to world financial stability. Difficult, because they are subject to a complex international political environment and are bound by necessary rules on confidentiality, impartiality and conflicts of interest.

 Areas of Activity

Asset Management

 Banking and the financial system