Goldman Sachs Says It Will Rejoin IIF Industry Lobbying Group
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Goldman Sachs Group Inc. said it will renew its membership in the Institute of International Finance, the bank-industry lobbying group the firm quit more than two years ago after a dispute over accounting rules.
The company dropped out of the IIF, a Washington-based group that represents more than 400 members in more than 70 countries, in 2008 because it disagreed with the organization’s opposition to fair-value accounting of some types of assets. The IIF’s chairman is Josef Ackermann, who is also chief executive officer of Frankfurt-based Deutsche Bank AG.