The Institut International d’Etudes Bancaires (IIEB) (lit. 'International Institute for Banking Research') is a private association that brings together the leaders of major European banks.
History edit
The IIEB was founded on 6 April 1951 as part of the broader postwar European integration movement.[1][2] The founding organizations were Crédit Industriel et Commercial, Union Bank of Switzerland, Société Générale de Belgique and Amsterdamsche Bank.[1] In early years, the IIEB publicized at least some of its events, such as its 15th session held in Brussels on 9-10 May 1958.[3] In more recent times, the IIEB has typically preferred not to disclose the themes discussed at its meetings even when the meeting itself has been a matter of public knowledge, such as the one in Vienna in October 2011.[4]
In 1997, an IIEB meeting resulted in the merger which formed UBS, one of the largest banks in the world.[1] In 2010, Handelsbanken's CEO withdrew from the group just before it met in Stockholm.[1][5]
Activity edit
The IIEB does not maintain a website or disclose its membership. It hosts twice-annual three-day conferences in which bank CEOs attend business discussions, lectures, and socializing.[1] In recent years, central bank officials speaking at the IIEB have often published the text of their speech.[6]
See also edit
References edit
- ^ a b c d e f Walker, Owen. "Inside European finance's most secretive society". Financial Times. Archived from the original on 2024-02-11. Retrieved 2024-02-12.
- ^ "International Banking Study Institute". Union of International Associations. Archived from the original on 2023-03-22. Retrieved 2024-02-12.
- ^ "Institut International d'Etudes Bancaires". Le Monde. 26 May 1958.
- ^ "Europe's financial elite quietly meet in Vienna". Reuters. 21 October 2011.
- ^ Petersson, Claes (2010-05-19). "Hoppar av hemlig bankklubb". Aftonbladet (in Swedish). Retrieved 2024-02-12.
- ^ Nout Wellink (17 May 2002), Monetary unions in Europe and the US - just how different are they? Speech at the Institut International d’Etudes Bancaires, Amsterdam (PDF)
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