The fate of UK Prime Minister Boris Johnson will make little difference to the Conservative party’s future. Increased inequality matters more. The cost-of-living crisis forced Chancellor of the Exchequer Rishi Sunak to raise taxes to bail out the impoverished. His unconservative three-part redistributive budget, like David Lloyd George’s 1909 ‘people’s budget’, could herald the Tories’ terminal decline.
Corporate US making consumers pay for inflation By Julian Jacobs There is little doubt that large corporations will try to capitalise on the chaos to improve profits. Today’s post-pandemic bout of inflation should be a lesson for policy-makers to not let them.
MEETINGS The NGFS microprudential supervision workstream and integrating environmental risk Thursday 9 June, Roundtable NGFS Workstream Chair Gek Choo Goh from the Monetary Authority of Singapore discusses measuring climate-related and environmental financial risks at micro level, the latest developments in supervisory practices and governance structures for integrating climate risk.
Victoria Cumings, chief legal and regulatory officer at RTGS.global, joined Lewis McLellan, editor of OMFIF’s Digital Monetary Institute, at the DMI symposium to discuss how the Financial Stability Board’s roadmap for enhancing cross-border payments is driving change in the payments ecosystem.
Data: Towards a new age of economic enlightenment As regulators and policy-makers work to balance protection and innovation in their evolving frameworks, this landmark report explores the use of data and its potentially transformative impact on developments in the global economy, financial services, the business community and society as a whole.
