There is a fatal flaw at the heart of approaches to bank soundness which seek to insure against insolvency by requiring banks to hold capital sufficient to provide cover for any risk that the regulator considers possible. This is the phenomenon we have seen in the sensational financial failures of FTX, Silicon Valley Bank and Credit Suisse.
NGEU signals new era in public finance philosophy By Lewis McLellan The Next Generation EU spending programme is pioneering a new style of accountability for the disbursement of public money. But it will require an overhaul of monitoring systems.
MEETINGS Reconstruction and recovery in the age of crisis Monday 17 April, Roundtable OMFIF and EY are convening a private roundtable with government and multilateral organisations to discuss how to manage recovery and reconstruction mechanisms and grants.
LATEST REPORT Sustainable Policy Institute, Spring 2023 This special edition of the journal examines women’s economic empowerment, how to narrow the gaps in financial inclusion and the connection between gender diversity and climate risks.
