Risk management opportunities: climate change and Covid-19, US Treasury FXR substantial improvement on Trump
Tuesday 20 April 2021 – Vol.12 Ed.16.2
Commentary: Risk management opportunities: climate change and Covid-19
By Steve Bowen in Chicago
As climate change exacerbates a host of scientific, societal and geopolitical hazards, and global events such as Covid-19 occur in tandem, it has never been more critical to avoid creating new risks, address existing risks and start preparing for event scenarios previously assumed to be unrealistic. How we work together to implement lessons learned from highly complex catastrophe years such as 2020 will prove critical in the future.
Read the full commentary on the website.
Commentary: US Treasury FXR substantial improvement on Trump era
By Mark Sobel in Washington
In the first foreign exchange report released under Secretary Janet Yellen, the US Treasury appears to be calling for a welcome timeout on ‘manipulation’ designations, while keeping this option open for the future. In contrast with the previous administration’s FXRs, this report is less bellicose, emphasises multilateralism over bilateralism and shows greater appreciation for the nuances and diplomacy of international finance. But problems remain.
Read the full commentary on the website.