News release: “Leaders of global financial services firms called today for far-reaching regulatory reforms to reinforce industry efforts to strengthen the global financial system. “Our main challenge now is to restore confidence in and stability of the financial system – this is essential for sound financial markets that can finance growth for the future,” said Dr. Josef Ackermann, Chairman of the Institute of International Finance’s Board of Directors and Chairman of the Management Board and Group Executive Committee of Deutsche Bank AG. The IIF, which is the global association of financial services firms with over 370 members across the world, today published a new report Restoring Confidence, Creating Resilience: An Industry Perspective on the Future of International Financial Regulation and the Search for Stability.”