Scholz’s five tasks for Germany and Europe, ECB is obliged to support the low-carbon transition, and more
THE WEEKEND REVIEW
Latest opinion and analysis from OMFIF around the world
27 September-1 October 2021, Vol.12 Ed.39
Most-Read Commentary
Scholz’s five tasks for Germany and Europe: The next German leader looks likely to be Olaf Scholz, the quiet man from Hamburg. As was clear before the election, he faces abundant challenges. In weeks of coalition negotiations, where many hurdles remain before the job is confirmed, Scholz has to forge a ‘traffic light’ alliance with partners seemingly poles apart on key issues. Presuming he weathers coalition bargaining, what will be Scholz’s priorities? He must tackle five big tasks, writes David Marsh.
Commentary ECB is obliged to support the low-carbon transition: The full year that the ECB will take to review its collateral valuation and risk control framework seems irresponsibly long. Now that governments, companies and financial institutions are taking concrete action, there is no reason for the ECB not to follow suit sooner, write Rens van Tilburg and Seraina Grünewald. Read more.
Podcast CBDC implementation models and the role of the private sector: Katie-Ann Wilson, head of policy analysis at OMFIF’s DMI, is joined by David Mackeith, principal technology adviser, AWS, and Craig Borysowich, principal architect, Payments Canada, to discuss CBDC implementation models, focusing on the division of labour between the central bank and intermediaries. Listen.
Podcast Financial services and transitioning to net zero: Speakers delve into the role of sustainable finance as a potential key theme of the COP26 summit, the most impactful UK and Spanish policies for mitigating climate-related financial risks, the development of the COP26 private finance hub strategy and the role of public-private partnerships in transitioning to sustainable finance. Listen.
CommentaryBanca d’Italia’s Visco hits out at ‘greenwashing’: Ignazio Visco, the central banker leading G20 efforts to improve world economic co-ordination, has hit out strongly against ‘greenwashing’. Visco queried whether the massive growth in ‘sustainable finance’ was sustainable in view of the urgent need to close data gaps, write OMFIF editors. Read more.
