The OMFIF Podcast
ESG and US asset management: The future is now

ESG and US asset management: The future is now

January 11, 2022

With climate change evermore on the global agenda, investors and the financial sector are increasingly having to factor ESG into investment decisions. In collaboration with Mazars, OMFIF has produced a report titled: ESG and US asset management: The future is now. In the virtual launch of the report, which includes a brief overview of key findings, panellists discuss investment approaches to ESG, data metrics and standards, the political and policy environment impacting approaches to ESG, as well as opportunities and developments in ESG processes. 

Jingdong Hua‘s retirement reflections on development finance

Jingdong Hua‘s retirement reflections on development finance

December 23, 2021

Jingdong Hua shares his reflections as he retires as treasurer from the World Bank and after an extensive career in development finance across different multilateral organisations. In a broad ranging interview with David Marsh, chairman of OMFIF, they discuss among others the role of multilateral development banks in a post-covid world, holistic approaches to tackling climate change as well as how to develop and strengthen local capital markets in emerging economies. 

CBDCs, stablecoins and geopolitical implications

CBDCs, stablecoins and geopolitical implications

December 16, 2021

As economies around the world move towards a greater degree of digitalisation and look to foster greater financial inclusion, CBDCs could prove to be crucial to safeguarding central bank money. James Wallis, vice-president, central bank engagements and CBDCs, RippleX at Ripple, joins John Orchard, chief executive officer of OMFIF, to discuss the economic benefits and risks surrounding CBDCs, collaboration between the private and public sectors, the stablecoin debate and privacy trade-off concerns.

Ahead of the ECB: challenges ahead in monetary policy and reserves management

Ahead of the ECB: challenges ahead in monetary policy and reserves management

December 14, 2021

Interest rates are on the rise as the ‘transitory’ rise in inflation appears to be more persistent than previously thought. Max Castelli, head of strategy, global sovereign markets, UBS Asset Management, talks with David Marsh, OMFIF chairman, about the European Central Bank’s policies ahead of the all-important end-of-year governing council meeting on 16 December, where the central bank’s 2022 asset purchase strategy will take centre stage. The podcast features findings from UBS’ research on reserves management, including reserves managers facing potential losses on their fixed income portfolios for the first time in a very long while and how they are diversifying away from government bonds to better respond to this challenging reality.

The third wave of fintech innovation

The third wave of fintech innovation

December 9, 2021

As innovation in fintech continues to accelerate, it is important to understand the needs and expectations of consumers, how the evolution of technologies may improve financial access and health, and the conditions and requirements for responsible and equitable innovation. How will current approaches and frameworks evolve as the speed, infrastructure and providers of financial services rapidly change? Usman Ahmed, head of global public policy and research at PayPal, and Ivy Lau, lead manager of global public policy and research at PayPal, join Patricia Haas Cleveland, US president of OMFIF, to discuss the future of fintech innovation.

Lessons learned from building a blockchain-based CBDC

Lessons learned from building a blockchain-based CBDC

December 7, 2021

Pietro Grassano, business solutions director for Europe at Algorand, delves into the issue of tokenised money and the need for tokenisation to occur on a domestic and cross-border level. The podcast comes ahead of the release of ‘Future of cross-border payments’, a report OMFIF created in partnership with Algorand. The podcast broaches topics such as the definition of tokenisation in relation to payments, the features of payment tokens that can help mediate cross-border frictions, the issue of blockchain centralisation and decentralisation, and the next steps for global coordination.

Enjoyed this podcast?  For the launch of OMFIF’s ‘Future of cross-border payments’ report, the Digital Monetary Institute is convening a panel titled 'The future of cross-border payments' to explore the potential role of digital currencies in cross-border payments, the future role of traditional payments providers and networks, the role of distributed ledger technology in upgrading wholesale payments and remittances, as well as next steps for global coordination. Register here.

2021 review: the European borrowing landscape

2021 review: the European borrowing landscape

December 2, 2021

In this end-of-year podcast, Eila Kreivi, head of capital markets at the European Investment Bank, reviews the European borrowing landscape in 2021, the launch of the Next Generation EU fund and the development of the green bond market. The discussion focuses on the impact of the European Union as a major issuer, lessons learned by the EIB on debt issuance, the role of green bonds and the extent to which the EU taxonomy on sustainable finance is fit for purpose.

Enjoyed this podcast? 

  • Register for our virtual panel on the outlook for European sovereign borrowing 2022 here.
  • Read the commentary titled 'Investors seek ‘transparency, engagement and open dialogue’ in green bond issuance' here.
Retail CBDC and its implications for the European Monetary Union

Retail CBDC and its implications for the European Monetary Union

November 25, 2021

The transition to digital currencies continues at a rapid pace and has inevitably been accelerated by Covid-19. As the economy moves towards a greater degree of digitalisation, a retail CBDC could prove important in safeguarding central bank money as well as protecting the interest of consumers and vendors online. The main topics of discussion for this panel include the unbundling of financial services and the impact on commercial banks, the ECB’s balance sheet implications under a two-tier model, the role of central banks in supporting digital evolution and how a programmable euro could safeguard the EU’s technological competitiveness. The need for a digital euro, the growing role of fintech and the potential division of labour under a two-tier retail model also come under consideration.

This podcast is taken from the virtual conference 'European payments and digital assets: promoting sovereignty and integration through digitalisation'. Catch up here.

Climate change could lead to substantial capital shortfalls for banks

Climate change could lead to substantial capital shortfalls for banks

November 23, 2021

Richard Berner, clinical professor of finance at the Stern School of Business, New York University, joins Natalia Ospina, deputy head of reports, OMFIF. They take a deep dive into the climate stress testing methodology that he developed with Nobel Prize in Economics winner Robert Engle and Hyeyoon Jung, financial economist at the Federal Reserve Bank of New York, which gauges the resilience of financial institutions to climate-related risks.

They discuss in detail how climate change could lead to a substantial increase in systemic risks in the banking sector. Financial institutions could find themselves looking to raise $70bn-$90bn, or between 20% to 30% of their equity to restore their prudential capital ratios as a result of climate change.

Scaling up carbon-offset markets to support global climate action

Scaling up carbon-offset markets to support global climate action

November 18, 2021

With COP26 completed and new commitments established, what more can be done to reduce carbon emissions, reach net zero and implement measures to protect natural capital? In this podcast, Emma McGarthy, head of policy analysis at OMFIF’s Sustainable Policy Institute, talks to David McNeil, director and head of climate risk at Fitch Ratings, on the latest developments in carbon-offset markets and the work Fitch is doing in this space. They discuss pricing, tools and policies required to scale the market, how carbon credits fit into capital markets as a financial instrument and the role carbon-offset can play in emerging markets to meet the costs of adaption and mitigation.

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