The world was startled by Russia’s demand for unfriendly European countries to pay for Russian oil and gas exports in roubles. These are contracts which stipulate the payment currency, which in the case of the European Union is the euro. Europe would show shrewdness as well as foresight to stand up to Russian bullying by proposing to settle energy imports from Russia in renminbi.
By Neil WilliamsAfter the expansionary fiscal packages of 2020, the macro-legacy will be debt build-up, which was amassing even before Covid-19 and the Russian invasion of Ukraine. Stubbornly high government debt ratios now look inevitable for 2022 and beyond.
By Sarah MoloneyThe Task Force on Climate-related Financial Disclosure goes a long way towards standardising approaches to climate-related financial reporting. However, until data become more widely available and accessible, the barriers to widespread TCFD adoption will remain.
Luxembourg for Finance and OMFIF launch the ‘Forging the path to international standards in sustainable finance’ report. It examines the alignment of international markets and sustainability standards, which provide some of the greatest challenges, risks and opportunities for the financial sector.
The future of capital markets conference 2022The flagship ‘Future of capital markets’ conference brought together key financial market actors, regulators and multilateral institutions to explore the benefits and risks of the application of new technologies, such as distributed ledger technology, to financial assets and capital market infrastructures.
Forging the path to international standards in sustainable finance OMFIF has joined forces with Luxembourg for Finance to consider what is required for the standardisation of sustainable finance. Taking insight from interviews with experts across the financial sector and real economy, this report explores the latest developments in taxonomy regulation and reporting frameworks.
