Liz Truss and Giorgia Meloni, two new prime ministers (one in waiting) confronting bond market squalls, should heed words of guidance from Jacques de Larosière, sage of European central bankers. In a new book on the perils of financialisation, the former Banque de France governor and International Monetary Fund managing director blames years of ‘systematically accommodating’ monetary policy for ‘a hyper-leveraged financial system vulnerable to crises.’
UK DMO chief confident despite chaotic gilt market By Burhan Khadbai To call it unprecedented would still not do justice to the chaotic market environment in which the UK Debt Management Office issued a syndicated gilt on 28 September. ‘We had to press on,’ said Robert Stheeman, chief executive of the UK DMO.
MEETINGS Energy security and the economic outlook in Europe Tuesday 11 October, Roundtable As European countries seek to phase out Russian energy from their domestic markets, Jörg Kukies, state secretary at the German Chancellery and G7 and G20 sherpa, discusses Germany’s approach to energy diversification and security, market stability and curbing price rises.
ON DEMAND Highlights: NextGenEU – The game-changer for Europe At the heart of the European Union’s far-reaching economic plan is Next Generation EU, a borrowing programme which could transform how leading Asian investors and business leaders consider their relationship with Europe.
LATEST REPORT Blockchain for public finance In collaboration with EY, this report studies the degree to which digital technology could improve the efficiency and transparency of public finance management.
