The OMFIF Podcast
Comparing Chinese and Anglo-American public pension system

Comparing Chinese and Anglo-American public pension system

June 15, 2021

Professor Jiye Hu, China Aging Finance Forum, and Philip May, director of retirement income solutions at Capital Group, join OMFIF’s Pierre Ortlieb to discuss various similarities and differences between the Chinese and Anglo-American pension systems. They discuss structural differences, such as the emphasis on second-pillar tensions in the US and Europe, as well as broader themes including the changing demographic environment, lessons from Anglo-American retirement systems and the potential for investment diversification.

Ahead of the ECB

Ahead of the ECB

June 8, 2021

In the latest episode, Danae Kyriakopoulou speaks to Ricardo Reis, Arthur Williams Philip professor at the London School of Economics. They compare the causes of and outlook for inflation in the US and euro area and discuss how fiscal stimulus packages will feed into the European Central Bank’s reaction function ahead of its monetary policy meeting on 10 June. They explore the longer-term implications of continued monetary policy accommodation on fiscal-monetary policy interactions and potential tensions, including the question of central bank independence. They also take a deep look into the evolving nature of central bank communication strategies and how the ECB’s track record has differed across its policy communications from inflation and quantitative easing to changes in sovereign debt spreads.

Fireside chat with the Federal Reserve Bank of St Louis

Fireside chat with the Federal Reserve Bank of St Louis

June 3, 2021

Over the last year, the US government and the Federal Reserve have taken a number of fiscal, monetary and policy actions to help steady both the US economy and global dollar liquidity. James Bullard, president and chief executive officer of the Federal Reserve Bank of St Louis, joins David Marsh, chairman of OMFIF, for a virtual discussion on the Fed’s policies, an outlook for the US economy and global consequences of the pandemic.

To register for the OMFIF Fed week, visit out website here: https://www.omfif.org/fedweek/

To watch the full event, visit out website here: https://www.omfif.org/videos/fireside-chat-with-the-federal-reserve-bank-of-st-louis/

Cloud as an enabler of financial inclusion

Cloud as an enabler of financial inclusion

June 1, 2021

Bhavin Patel, head of fintech research at OMFIF, is joined by Serey Chea, director general of the national bank of Cambodia, and Agne Makauskaite, Asia Pacific head of public policy for regulated industries at Amazon Web Services.

They discuss the role technology plays in fostering financial inclusion. They review how technology can help overcome some of the challenges faced by excluded groups and create economic opportunities. They also highlight examples of where technological solutions have worked in Asia, focusing on cloud as a foundation to support financial inclusion.

Gender diversity in leadership and decision-making in the financial system

Gender diversity in leadership and decision-making in the financial system

May 27, 2021

Helena Adegas, head of markets, Banco de Portugal, and Adriana Perelli, managing director global client management and head of ESG for BNY Mellon’s European Bank, speak to Emma McGarthy, programmes manager in sustainable policy, OMFIF, about the importance of gender diversity in decision-making for better investment returns and risk management. They discuss the role of central banks in efforts to bring women into leadership positions, how this can be achieved, the benefits and skills women bring to these positions and diversity in the Eurosystem.

Innovation and evolution in payments and the role of central banks

Innovation and evolution in payments and the role of central banks

May 25, 2021

The payments landscape is changing rapidly, driven by new and evolving technology, non-traditional players and new payment instruments. At the same time, central banks’ core objectives and functions – financial stability, monetary policy, banking supervision and financial services access – haven’t changed. Against this backdrop, central banks are evaluating and/or deploying new digital settlement solutions, including faster payments systems and central bank digital currencies. This discussion will explore these key topics, focusing on the role of the private sector, central banks and the importance of competition and innovation for the new payments landscape.

Panelists:

  • Charlotte Hogg, CEO, Visa Europe
  • Judith Obholzer, Managing Executive Public Policy, Vodacom
  • Peter Conti-Brown, Assistant Professor, The Wharton School of the University of Pennsylvania
  • Thomas Lammer, Deputy Head of Secretariat, CPMI, Bank for International Settlements
  • Oded Salomy, Director of Payments Systems and Settlement, Bank of Israel

Moderated by Bhavin Patel, Senior Economist and Head of Fintech Research, OMFIF

Accessing investments in India

Accessing investments in India

May 20, 2021

As India’s economy slowly returns to growth, recovery is expected to gather pace as consumers and investors shake off the effects of the pandemic. Sujoy Bose, chief executive officer of the National Investment and Infrastructure Fund, discusses the investment landscape and the opportunities present in India.

In conversation: The nature of money – Will currencies go digital and what does this mean for the euro?

In conversation: The nature of money – Will currencies go digital and what does this mean for the euro?

May 18, 2021

Natacha Valla, dean of the School of Management and Innovation at Sciences Po in Paris and former deputy director of monetary policy at the European Central Bank, and Thomas Mayer, founding director of the Flossbach von Storch Research Institute, discuss the concept of money and the way it is changing as a result of the pandemic and shifts in the world economy. The discussion with David Marsh, chairman of OMFIF, draws on themes from Le futur de la monnaie (The future of money), a new book by Valla and Michel Aglietta which will shortly be available in English. They examine prospects for a digital euro, which both experts see as necessary to respond to forthcoming competition from other digital currencies, especially the renminbi.

Retail CBDCs: Policy implications and rollout strategies

Retail CBDCs: Policy implications and rollout strategies

May 11, 2021

Central banks around the world have intensified their research and experimentation in central bank digital currency. Given financial stability and disintermediation concerns, consumer-ready CBDCs have captured global attention with much of the discussion focusing on public-private partnerships. This panel will explore the policy implications of a new form of programmable money for central banks and the role of banks and fintechs in the implementation of CBDCs.

Speakers:

  • Hanna Armelius, Senior Adviser, Payments Department Analysis and Policy Division, Sveriges Riksbank
  • Neha Narula, Director, Digital Currency Initiative, Massachusetts Institute of Technology
  • Jose Fernandez da Ponte, ‎Vice President, General Manager Blockchain, Crypto and Digital Currencies, ‎PayPal
  • Atul Bhuchar, Executive Director & Group Payments Head, GTS, DBS

This conversation was part of the OMFIF Digital Monetary Institute Symposium 2021. Catch up on demand here.

Click here for more information and to register for the 2022 Symposium.

Taking stock: ECB strategy review and monetary policy challenges

Taking stock: ECB strategy review and monetary policy challenges

May 6, 2021

Philip Lane, chief economist and member of the executive board of the European Central Bank, discusses the current status of the ECB’s monetary policy strategy review and challenges for monetary policy in the current environment.

This discussion is taken from a virtual live broadcast with Philip Lane.

Article - ECB asset purchases dilute European rule of law. 
Article – ECB must future-proof monetary policy
Presentation slides
Podcast – Ahead of the ECB
Podcast – ECB future direction and central bank independence

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