Theatre, but no drama, over ECB easing, The evolving role of Swift in global payments
Thursday 25 June 2020 Vol.11 Ed.26.4
Commentary: Theatre but no drama over ECB easing
By David Marsh in London
The wrangle over a threatened constitutional court ban on Bundesbank participation in European Central Bank quantitative easing will be provisionally settled this week. German Finance Minister Olaf Scholz has promised ‘no drama’ – but there is plenty of theatre. The ECB seems likely to come under wider scrutiny from national parliaments. Here are six consequences of the 5 May Karlsruhe court verdict that will preoccupy ECB watchers within and beyond Germany.
Read the full commentary on the website.
Podcast: The evolving role of Swift
Swift plays a vital role moving money around, acting as a lifeline for trade and economic activity. Michael Moon, managing director of payments and trade at Swift, joins Bhavin Patel, senior economist and head of fintech research at OMFIF, to discuss how Swift’s role in global payment systems is changing as payments become increasingly digitised. Further topics include the introduction of Swift gpi and the ISO 20022 standards, and correspondent banking during a time of derisking.
Listen to the recording, or search ‘OMFIF’ on your smartphone’s podcast app.