According to the annual UBS Asset Management survey, inflation and/or the uncontrolled rise in long-term yields is a key risk for nearly 90% of respondents. For 80%, the further escalation in geopolitical conflicts is a major concern. Commodity price developments and energy security come third with 50%. Compared with the 2021 survey, the number one and number three risks in 2022 are new on the list. The results reflect the changed economic and financial environment in which reserves managers are operating.Â
 Options for Truss to preserve the Bank of England’s independence By Neil Williams Liz Truss, front runner to become the UK’s next prime minister on 6 September, is advocating a review of the Bank of England’s independence at a time when the pound is already under pressure. Â
 MEETINGS Prospects for emerging markets Tuesday 6 September, Broadcast Ayhan Kose, chief economist and director of the prospects group in the equitable growth, finance and institutions practice group of the World Bank, joins Mark Sobel, US chair, OMFIF, for a discussion on the global macroeconomic outlook.Â
 ON DEMAND  Inflation, energy security and productivity: euro area’s monetary policy response Daniel Bouzas Luis, regional coordinator for Europe at the United Nations Environment Programme Finance Initiative, speaks with Emma McGarthy, head of OMFIF’s SPI, about the development of net zero alliances, the role of institutions in the sustainability transition and the EU’s green taxonomy.Â
 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.