Simon Chantry, Bitt’s co-founder and chief information officer, and its new economist Jim Shinn, a former US government official and member of the Criteo central bank digital currency team that was one of the three winners of the Monetary Authority of Singapore’s global CBDC challenge in 2021, join DMI editor Lewis McLellan. They discuss Bitt’s […]
Trends developing in retail CBDC Read More »
The European Central Bank has established a supervisory climate risk stress test to better understand banks’ capabilities, risk metrics, long-term risk projections and parameters in physical and transition risk scenarios. Christoffer Kok, head of the stress test modelling division of the ECB’s directorate general for macroprudential policy and financial stability, joins Emma McGarthy, head of
ECB and climate risk supervision Read More »
Melvin Khomo, general manager for financial markets at the Central Bank of Eswatini, joins Dieter Sauter, general manager of the business unit value printing at Bundesdruckerei, and Lewis McLellan, editor of the Digital Monetary Institute, to discuss what advantages a central bank digital currency can deliver. The importance of a robust means of digital identity
Benefits and risks of CBDCs in emerging markets Read More »
Public asset owners are at an inflection point as traditional investment strategies and business models are challenged by a rapidly changing landscape. Sovereign funds, public pension funds and central banks, which collectively hold over $40tn in assets, need to adapt to an industry in flux to achieve their core goals. In a far-reaching, survey-based report,
Why public asset owners are at an inflection point Read More »
With Governor Andrew Bailey conveying to an OMFIF gathering that the monetary policy committee ‘will, if necessary, act forcefully… no ifs and buts’ to get consumer price index inflation down to its 2% target, all eyes will be on the MPC’s August announcement. Further – and potentially heavier rate hikes – look inevitable, as the
What to expect from the August Bank of England meeting Read More »
Despite other central banks flexing their muscles, Japan’s authorities have every reason to prolong a policy loosening in the Bank of Japan’s 24th year. Japan’s quantitative easing will have to continue with policy rates suppressed, leaving the ministry of finance reliant on the Bank of Japan as its monetary agent. Yet, deep in a liquidity trap,
Craving – rather than fighting – inflation Read More »
Elia Trippel, policy analyst at the Organisation for Economic Co-operation and Development, spoke with Katerina Atkins, programme coordinator of OMFIF’s Sustainable Policy Institute, about the objectives and metrics of a social taxonomy and the process of its development in the European Union. For more, see our SPI journal.
Why do we need a social taxonomy? Read More »
The European Central Bank has been slower than most to pull away the monetary rug, but it now stands ready with a key announcement on 21 July. What should we expect as it raises rates and, having stopped net purchases, sets out its stall for reinvesting member governments’ maturing bonds? Can the two levers be
What to expect from the 21 July ECB meeting Read More »
Investors, issuers and policy-makers are all trying to make sense of the war in Ukraine, a global pandemic, more than a decade of cheap money and now rising interest rates and inflation. How do the world’s reserves managers view the global macro outlook? What are the main concerns and drivers? And what are their strategies
Max Castelli on reserves management in a time of uncertainty Read More »
OMFIF Chief Economist Neil Williams speaks with Economist Taylor Pearce in a lightning-round podcast on quantitative easing. They discuss the situation regarding quantitative easing, why central banks are so slow to wind down their balance sheets and what the benefits of running QT would be. For more on this theme, check out Williams’ commentary ‘Central banks
Quantitative tightening: how fast, how far? Read More »
