European sovereign borrowers with smaller funding programmes are developing broader environmental, social and governance bond frameworks given the limited expenditures they have for green projects which have been further reduced by the arrival of the Next Generation EU funds. ‘We’ve decided to go with a sustainable bond framework to have more flexibility due to the small size of the issuance that we have,’ said Stelios Leonidou, senior economist and head of front office at Cyprus’s Public Debt Management Office.
From dyslexia to Downing Street: Brian Reading, 1936-2022 By OMFIF editors Brian Reading, who died on 14 December aged 86, a frequent contributor to OMFIF, was one of the most brilliantly incisive writers on economic and monetary affairs.Read the full commentary here.
British budget debacle helping guide ECB thinking By David Marsh The ECB’s gradual reduction of its bloated balance sheet, starting in 2023, will be strongly influenced by the effects of the financial market turbulence after the UK’s ill-fated 23 September ‘growth plan’.
ON DEMAND Future of payments 2022 For the launch of OMFIF’s annual ‘Future of Payments’ report, the panel discussed the frictions involved in cross-border payments. The panel explored the technical and regulatory changes necessary to make payments quicker, safer, cheaper and more accessible.
LATEST REPORT Global Public Pensions 2022 The 2022 edition of OMFIF’s Global Public Pensions paints a clear and stark picture of the fundamentally changed investment challenges facing the world’s biggest asset owners.
