ECB brushes aside legal action over emergency easing, GBI report reveals stalling diversity drive, and more
THEÂ WEEKENDÂ REVIEWÂ – OMFIF
Latest opinion and analysis from OMFIFÂ around the world 8-12 March 2021, Vol.12 Ed.10
Most-Read Commentary ECB brushes aside legal action over emergency easing: The European Central Bank is brushing aside fresh legal action against its emergency bond purchase programme, promising more bond market support to withstand yield increases stemming mainly from US forecasts of higher inflation. The lawsuit goes further than previous cases, setting down clear criteria on what constitutes illegal monetary financing under the European treaties, write David Marsh and Pierre Ortlieb. Read more.
Commentary Koopman lays out issuance agenda: Get ready for the biggest new borrower in the bond market’s history. The Next Generation EU programme could transform European bond markets and raises intriguing questions, which Gert-Jan Koopman, the European Commission’s director-general for the EU budget, was ready to answer, writes Philip Moore. Read more.
Gender Balance Index 2021 GBI report reveals stalling diversity drive: In the most comprehensive study to date of diversity in the top levels at central banks, sovereign funds, public pension funds and commercial banks, only three out of 540 institutions achieved a perfect score of 100. Progressive policies are needed to correct the historic under-representation of women. Download the report.
Podcast Italy’s G20 priorities: Alessandro Rivera, director general of Italy’s treasury, joins Mark Sobel, OMFIF’s US chairman, to discuss Italy’s priorities for its 2021 G20 presidency, presenting the country’s agenda for financial regulation, architecture and tax issues. Other topics covered include digitalisation, climate change and more. Listen.
Commentary A ‘she-cession’ hurts us all: 2020 was a year like no other for gender equality. The social and economic consequences of the pandemic have fallen disproportionately on women. There is even a word for it: ‘she-cession’. As we continue to plan our way out of this crisis, we must remember that a ‘she-cession’ hurts us all, writes Ana BotÃn. Read more.
