Register to receive the OMFIF Daily Update and trial the OMFIF membership dashboard for a month.
Member Area Login
Forgotten password
OMFIF’s latest annual report – Global Public Investor 2019 – is the largest and most comprehensive worldwide survey of public sector investment institutions owning or managing assets equivalent to 43% of global GDP. The report underlines the largely unforeseen reverberations of central banks’ post-crisis easing policies. Declining yields have damaged central banks’ reserves income and, in part, their independence.
Read more
Mark Sobel, OMFIF’s US chairman and a veteran of the US Treasury, speaks with leading experts in macroprudential policy and other former Treasury officials in his series on US financial stability. Topics include regulation after the 2008 financial crisis, the role of central banks and the Financial Stability Oversight Council, policy-makers’ key tools, and the issue of data within financial stability.
Read more
Deepening financial disparity risks causing massive damage to the world economy and upending incumbent political structures. Already over the last several years we have seen the dangers of inequality reflected in the rise of populism in major economies. Law-makers are drifting further away from the political centre, as they try to appeal to citizens dissatisfied with the status quo.
read more
A new focus on bilateral relations after Brexit will allow Germany and the UK to share expertise, deepen bonds and provide leadership in international forums. This report describes how across 10 economic areas the two sides can extend widespread co-operation in fields ranging from manufacturing and services to education, gender balance and cybersecurity.
read more
A decade of unconventional monetary policy has led to uncertainty about central bank investment patterns. This report is a reminder that the core investment assets of central banks stem from the official reserve portfolio. SSGA and OMFIF researchers have computed a range of nominal and relative data bases in examination of many individual reserve managers. The research aims to dispel some of the obscurity about the asset management practices of this traditionally non-transparent group of global public investors.
read moreA stand-off with the EU has left Swiss bourses facing a shut-out from trading across Europe, a foretaste of what could befall London after Brexit, writes Denis MacShane. The situation in Zürich illustrates how little room for manoeuvre there is when a country demands a special status for internal political reasons.
In the second article about the forthcoming G20 meeting, a group of policy experts discuss how the Osaka summit offers an opportunity for states to tone down dangerous trade rhetoric. 'All eyes will be on what happens outside the meeting,' with world leaders slated to convene for critical bilateral discussions.
In anticipation of the 14th G20 summit on 28-29 June, to be hosted in Osaka by Japanese Prime Minister Shinzo Abe, OMFIF US Chairman Mark Sobel asked a group of policy experts to answer questions about the efficacy and future of the G20, which must adapt to new global economies realities and challenges.
Speaking on CNBC's Squawk Box about the US Federal Reserve, OMFIF Chairman David Marsh said, 'This idea of a "Powell put" is decidedly adverse. All this talk about the Fed being ready to cut is actually very counterproductive, and it would be a race to the bottom. I don't think things are that dire at all.'
Britain is trying to resolve its problem over leaving the European Union through a further round of the Conservative party's 30-year civil war. The election of another short-lived leader will damage the UK irretrievably. Boris Johnson polarises as much as he unites, write Meghnad Desai and David Marsh.
Concerns about the implications of President Donald Trump's willingness to use trade tariffs in disputes mean downside risks to US growth are building. On Wednesday, the second day of the FOMC's June meeting, analysts can expect the Fed to signal imminent precautionary rate cuts, writes James Knightley.
Jair Bolsanoro's move into Brazil's presidential palace raised market hopes that he would revitalise the country's economy, build a political consensus for pension reform and place public finances on a more sustainable track. So far, he has failed to make any meaningful progress, writes Desmond Lachman.
Trade tensions between the US and China will have severe repercussions for the Association of Southeast Asian Nations, including on growth and investment. This was one of the key points of a speech by Mark Sobel, US chairman of OMFIF, at the Bank of Thailand.
Roundtable on the state of Italian economy and opportunities for investment
Mon 1 Jul 2019
JULY | Rome
Roundtable with Greg Hands, Conservative member of parliament for Chelsea and Fulham
Mon 1 Jul 2019
JULY | London
Roundtable with Bambang Brodjonegoro, Minister of National Development Planning and Perry Warjiyo, Governor of Central Bank of Indonesia
Mon 1 Jul 2019
JULY | London
Roundtable with Oonagh McDonald, international financial regulatory expert, author and former Labour party politician
Fri 5 Jul 2019
JULY | London
OMFIF-NIESR workshop on “Modelling the Macroeconomy in Risky Times”
Mon 8 Jul 2019
JULY | St Louis
OMFIF Foundation Main Meeting with the Federal Reserve Bank of St Louis
Tue 9 Jul 2019
MAIN | St Louis
The Global Public Investor is devoted to public sector asset ownership and management around the world, with the aim of spreading best practice amongst central banks, sovereign funds and public pension funds. Launching firstly in Singapore, a panel discussion focused on aligning investments to the United Nations' sustainable development goals.
The distribution of women across academic fields is uneven, and this segregation appears persistent. Economics is no exception. Despite the increase in the number of female economists over the last few decades, women in economics continue to be underrepresented.
Stock market volatility tends to reach its peak in October, underlined by famous crashes in 1929, 1987 and 2008. Cross-currents in the world economy make this October particularly pivotal, especially in the light of the tug of war between good news out of the US and bad news out of China.
Global growth and inflation figures, in addition to rising commodity prices and interest rates, point to the risk of staglation over the summer months. The geopolitical backdrop, and the threat of a US-China trade war, also has a whiff of stagflation about it.
The world is experiencing one of the longest economic expansions since records began and there's no end in sight, with muted inflationary pressures keeping interest rates low. Stock markets like this not too hot, not too cold 'Goldilocks' backdrop.
This month’s poll focuses on universal basic income. Participants were asked: In recent years, the idea of universal basic income has become an increasingly popular point of discussion as a potential means of improving financial inclusion. How viable a solution is this? If not UBI, how best can policy-makers address widening economic inequality?
