Introduction Governments and central banks have pinned a lot of their credibility on returning the world economy, after the Pandemic and the inflation shock, to an orderly picture of inflation…
UK
Financial Market Developments in light of the recent electoral events. Is any part of Europe facing a financial crisis?
The recent elections in the EU, the UK, and France; what impact are the results likely to have on financial and monetary policy? Before these elections, mainstream commentators worried that…
Introduction Financial regulators and governments have made much of their success in restoring the global financial system to a state of stability after the Global Financial Crisis and the Eurozone…
Bank of England makes the case for taxpayer bailouts of central banks: it’s mandatory
Introduction The Bank of England has taken the lead amongst the world’s central banks in issuing a working paper about how central banks can replenish their capital, now that they…
Greensill Capital case damages the UK’s credit standing on the world stage
Introduction The UK government has cancelled its guarantees to a private lender – Greensill Capital – under the UK’s coronavirus support, without the obligation that was guaranteed having been discharged.…
The world is warming up and now “boiling”, according to the new definition by UN Secretary-General António Guterres. Yet, instead of tackling the “climate crisis”, governments are subsidising fossil fuels.…
Debanking Consumers for Holding the ‘Wrong Values’ is now Widespread in the UK. Will this Spread to Europe?
At a dinner early in July the CEO of NatWest bank group (formerly known as RBS) Dame Allison Rose told a senior BBC journalist that the high-net-worth subsidiary of the…
Digital Payments Leave Major Debris for Customers and Legislators to Clear Up
Cost, inconvenience and fraud have been increased for consumer and business users on their ‘digital payments journey’.1 Current plans for the introduction into the UK of a Central Bank Digital…
FTX Could Be ‘Game Over’ for Central Bank Digital Currency and for Other Dominos
Up until recently, the proponents of the cluster of financial developments around the Great Re-Set, Decentralized Finance, Central Bank Digital Currency, Financial Inclusion, Fintech, Open Banking et al have had…
There was universal relief in the UK and international media at the demise of Prime Minister (PM) Liz Truss and her replacement by the man she had recently defeated in…