If you think digital transformation has come anywhere close to maximising its potential for injecting efficiencies into the capital market, think again. The next chapter in this story has only just opened. The application of distributed ledger technology and blockchain across the primary and secondary levels of the fixed income market is still a fresh concept, given it is little more than a year since the European Investment Bank issued the first ever digital bond on a public blockchain.
ECB must provide explanations on bond programmes By Nout Wellink The complexity of the ECB’s difficulties seems to be rising. We can see this in the delicate interplay between the ‘flexible’ policy on reinvesting bond portfolios and the new transmission protection instrument to combat fragmentation.
MEETINGS Vulnerability in the euro area Monday 12 September, Roundtable Mahmood Pradhan, former deputy director of the European department at the International Monetary Fund, joins OMFIF’s Mark Sobel to discuss the challenges the European Central Bank faces and the instruments at its disposal.
ON DEMAND Policy trade-offs for retail CBDC Larissa De Lima, senior fellow at the Oliver Wyman Forum, and Erica Salinas, global technical leader for blockchain at AWS, join Lewis McLellan, editor of OMFIF’s Digital Monetary Institute, to discuss their joint report, ‘Retail Central Bank Digital Currency: From Vision to Design’.
LATEST REPORT Sustainable Policy Institute Journal In the summer edition of the journal, contributors lay out why the ‘S’ in ESG is becoming a priority for investors and why social and human rights issues are taking centre stage.
