January 24, 2020
It has been almost 10 years since the 2008 financial crisis and the enactment of the Dodd–Frank Wall Street reform and consumer protection act. Daniel Tarullo, who was responsible for leading the Federal Reserve Board on financial regulatory reform, including implementing of the Dodd-Frank act, joins Mark Sobel, US chairman at OMFIF, to assess the state of the US banking system. They discuss whether the system is weakening with ‘quiet deregulation,’ concerns over shadow banking and potential regulatory capture, and the need to double down on macroprudential policy in search of high yield in a low interest rate environment.
Daniel Tarullo is a professor of practice at Harvard Law School who served as a member of the Federal Reserve Board and the Federal Open Market Committee (2009-17). He was also the Federal Reserve’s representative to the international Financial Stability Board, including four years as chair of its committee on supervision and regulation.
January 22, 2020
Francesco Papadia, senior fellow at Bruegel and former director general for market operations at the European Central Bank, joins Marcin Stepan, head of programming at OMFIF, to discuss expectations for the ECB’s monetary policy decision on 23 January. They talk about the euro area’s macroeconomic outlook, the strategic review of ECB monetary policy, potential changes to the central bank’s objectives and instruments, and how policy-makers can help combat climate change.
January 14, 2020
Michael Kitson, assistant director of the Centre for Business Research at the University of Cambridge, and Tatiana Fic, director of central banks and public policy at the World Gold Council, join Pierre Ortlieb, economist at OMFIF, to discuss the state of the gold market and the internationalisation of the renminbi. They talk about the long-term future of the global reserve currency system, the political economy of capital account liberalisation, and the drivers behind central bank demand for gold.
January 7, 2020
The appetite for impact investing is growing. But in the past, the financial industry has lacked common standards for monitoring and measuring impact investments. This has affected the ability to identify good investment practices, avoid ‘green washing,’ and enable comparability across projects.
Neil Gregory, chief thought leadership officer at the International Finance Corporation, the private sector arm of the World Bank and the largest global development bank focused on the private sector in emerging markets, joins Katie-Ann Wilson, programmes manager for emerging markets at OMFIF, to discuss impact investing. They outline how the Operating Principles for Impact Management aims to address the bottlenecks in the market, the market size, what distinguishes impact investing from other forms of sustainable finance and the converging of impact investing measurement tools.
For more information on signing up to the Operating Principles for Impact Management, click here.
The IFC's report on impact investing is available here.
December 19, 2019
Andrew Adonis, Labour peer in the House of Lords and cabinet minister between 2005-10 under Prime Ministers Tony Blair and Gordon Brown, speaks to OMFIF Chairman David Marsh. They discuss whether the result of the UK general election was inevitable, the issue of ‘uniting your party’, and the future of Labour. They address how Boris Johnson will try to unite the North and South of England, trade negotiations with the European Union, and the prime minister’s new-found freedom from Brexit hardliners.
December 17, 2019
In its December decision, the Federal Open Market Committee kept interest rates on hold. This was a widely expected move after three rate cuts earlier this year. Beyond the rate decision, people were most interested in the tone of the statement issued and whether the outlook for 2020 will be dovish, hawkish or neutral. Daniel Tenengauzer, head of markets strategy and insights at Bank of New York Mellon, joins Mark Sobel, US chairman of OMFIF, to discuss the rate decision and prospects for 2020.
December 10, 2019
Frederik Ducrozet, strategist, at Pictet Wealth Management, joins Danae Kyriakopoulou, chief economist and director of research at OMFIF, to discuss what to expect from the European Central Bank’s next monetary policy meeting and Lagarde’s direction for the ECB. They cover stylistic changes in communication with the public and markets, internal changes to decision making, as well as the timing of the strategic review and what may come of it.