A potentially acrimonious debate is opening in the UK about governance arrangements between the Treasury and Bank of England following the cathartic autumn financial episodes prompting the demise of Liz Truss’s short-lived government. Discussions about the power balance between two principal arms of British economic policy are likely to reverberate until and beyond an expected general election in 2024, which the opposition Labour party has a high chance of winning. Read the full commentary here.
Long read: Look beyond Brexit for solution to UK growth By Meghnad Desai More than half a century of slow growth in the UK, culminating in the 2008 financial crisis and austerity, has left Britain grappling with an identity crisis. Read the full commentary here.
Sovereigns need to show more ambition with ESG bond frameworks By Burhan Khadbai While sovereigns have made progress in advancing their environmental, social and governance bond frameworks, they need to go even further to better outline their climate transition plans. Read the full commentary here.
MEETINGS Greening portfolios and reducing carbon footprints Tuesday 29 November, Roundtable Benoit Mojon and Gong Cheng from the Bank for International Settlements discuss strategies for building portfolios of sovereign securities with progressively declining carbon footprints. Read the full commentary here.
ON DEMAND Is this the end of globalisation? Massimiliano Castelli, head of strategy and advice, and Philipp Salman, strategy and advice, global sovereign markets, UBS Asset Management, speak with Taylor Pearce, economist, OMFIF, on why the deglobalisation story is more complicated than it seems. Listen to the podcast here.
LATEST REPORT Digital assets: Regulation and infrastructure for an evolving economy This report examines the economic opportunities digital assets present, looking at different kinds of digital assets and the possibilities they offer for businesses and individuals to deliver value and generate revenue.
