A recent OMFIF-EY report on the future of public money outlines the need for governments to embrace new ideas, frameworks and technology. Joining Nikhil Sanghani, managing director, Economic and Monetary Policy Institute at OMFIF, is Mark MacDonald, global public finance management leader at EY, and Joachim Schwerin, principal economist, DG GROW at…

Anne Simpson, global head of sustainability at Franklin Templeton, joins Emma McGarthy, head of OMFIF’s Sustainable Policy Institute, to assess the role of public pension and sovereign funds in transition finance. They also discuss the work of the Transition Finance Working Group, which has spoken with 12 of the biggest funds on their transition st…

2024 has seen exciting developments in the wholesale central bank digital currency space. Abbas Albasha, senior strategy consultant for CBDC at Giesecke+Devrient, joins Lewis McLellan, OMFIF's Digital Monetary Institute editor, to discuss the value that wholesale CBDC can offer economies, how they can integrate with other forms of money including r…

Many in capital markets have long been expecting an overhaul in how their business functions from the disruptive effects of digital assets technology. So far, these effects have not been substantial outside isolated pockets where implementation has leaped ahead. But many believe we are approaching an inflection point and that dramatic changes are a…

In early September 2024, the European Commission published the long-awaited ‘The future of European competitiveness: Report by Mario Draghi', which examines in detail the challenges faced by European industry and companies in the single market. OMFIF lead economist Taylor Pearce hosts Bill Papadakis, macro strategist at Lombard Odier, to discuss th…

One of the major structural factors impacting government financing is the massive scale of public money needed to ensure the transition to a carbon neutral economy. How are trends in government debt issuance evolving as they relate to sustainability? Alex Caridia, head of public sector markets at RBC and Heather Taylor, partner, climate change and …

At present, in most jurisdictions, only commercial banks are able to provide final settlement of payments as the only institutions with access to central bank reserves. However, new business models have emerged that unbundle the business of creating money and payment services from the provision of credit. Should payments be unbundled from banking? …

Around a third of the world lack reliable internet access and among the two thirds that have access, disruptions and restrictions are far from unknown. Ensuring that digital payments solutions are reliable and have the broadest reach possible requires that they can function offline. Though the need is well understood, the challenges of meeting it r…

Christopher Smart, former senior US Treasury and National Security Council official and managing partner of Arbroath Group, joins OMFIF's US chair Mark Sobel, to discuss the economic plans of presidential candidates, Kamala Harris and Donald Trump. They compare the candidates' differences on fiscal, monetary, exchange rate, trade and immigration po…

Omar Massarweh, vice president of public policy for the Middle East and North Africa at Mastercard, joins Arunima Sharan, senior economist at OMFIF to discuss key findings from the ‘Path to Morocco’ project completed by OMFIF in partnership with Mastercard, aimed at fostering public-private dialogue and ensuring that financial inclusion remains at …

Jeremy Cunningham, investment director at Capital Group, speaks with Arunima Sharan, senior economist at OMFIF to discuss the latest trends in emerging markets debt. They explore the re-emergence of these markets in investors' minds and how perceptions of EM debt have shifted in recent years. The conversation covers current and future opportunities…

Vlad Rashkovan, Ukraine's representative to the International Monetary Fund, joins Mark Sobel, OMFIF’s US chair, to provide an update on Ukraine's economic and financial situation. They assess the country's progress in implementing economic reforms despite the war and the hardships facing Ukraine's people. They explore how Ukraine is using both dom…

Max Castelli, head of strategy, sovereign institutions at UBS asset management, and Philipp Salman, also on the team at UBS, speak with OMFIF Lead Economist Taylor Pearce to discuss the latest observable trends in central bank reserve management. They discuss investment strategies, currency and asset allocations and the factors influencing reserve …

With the proliferation in artificial intelligence development, the landscape for fraud is changing rapidly. The technology represents a tool for both fraudsters and those whose job it is to catch them. Liyun He Guelton, senior AI researcher, and Claire Deprez, head of product management at Worldline, joined Lewis McLellan, Digital Monetary Institut…

Wolfram Seidemann, chief executive officer of Giesecke+Devrient Currency Technology, joins John Orchard, chief executive officer of OMFIF, for a discussion on why public and private sectors need to come together to pool their strengths to build a thriving CBDC ecosystem. They will discuss the advantages for both stakeholders and users, and undersco…

Geoffrey Yu, senior Europe, Middle East and Africa market strategist at BNY Mellon, joins Taylor Pearce, lead economist of OMFIF’s Economic and Monetary Policy Institute, to discuss the outcomes of the European Parliament election and the subsequent market implications. They discuss the effects of a snap election in France, the potential impact of …

With its recent 'Finternet' paper, the Bank for International Settlements has planted its flag firmly in shared ledgers as the future rails of financial infrastructure. The idea of a single platform – a network of ledgers – providing the means for the seamless and instant settlement of many financial and non-financial assets versus tokenised cash i…

Ulf Erlandsson, founder and chief executive officer of the Anthropocene Fixed Income Institute, joins Edward Maling, economist at OMFIF’s Economic and Monetary Policy Institute, to discuss the importance of fixed income markets for the climate transition. Sharing insights from AFII’s Sustainability-Linked Bond Handbook, Erlandsson explores the late…

Robert Stheeman, the departing chief executive of the UK Debt Management Office, joins Burhan Khadbai, head of content at OMFIF’s Sovereign Debt Institute, to recall the highs and lows of more than two decades managing the gilt market. Stheeman discusses dealing with crises including the infamous 2022 mini budget, how the gilt market has evolved, t…

Regina Curry, chief diversity officer at Franklin Templeton, joins Emma McGarthy, head of the Sustainable Policy Institute at OMFIF, to discuss the importance of gender balance in financial institutions. They examine the necessary benchmarks, key indicators and information required to retain and encourage women in leadership positions as well as ho…

Valentina Ion, public finance and public transportation lead at Microsoft, joins OMFIF to discuss the company's commitment to ethical and responsible artificial intelligence in the public sector. She explores the key risks posed by advanced AI systems, outlines Microsoft's core principles for ethical development and explains the importance of publi…

In the first of three podcasts as part of OMFIF’s project with EY on the future of public money, OMFIF’s Nikhil Sanghani is joined by Dr Carolyn Bordeaux, senior visiting scholar at the University of Georgia and former member of the US House of Representatives, and Mark Macdonald, global public finance management leader at EY. They discuss the grow…

Pedro Duerte Neves, Adviser for the Board of Directors and former Vice-Governor of Banco de Portugal, joins Taylor Pearce, senior economist, Economic and Monetary Policy Institute, OMFIF, to discuss the global financial stability outlook. Their discussion references the IMF’s 2024 Global Financial Stability Report, and examines vulnerabilities and …

Björn Storim, chief executive officer, and Ben Pott, managing director and international head of public policy and government affairs at BNY Mellon, join Clive Horwood, managing editor and deputy chief executive officer at OMFIF. They assess the progress towards capital markets union in Europe and the need to accelerate financial market integration…

Max Castelli, head of strategy, sovereign institutions at UBS Asset Management, joins Taylor Pearce, senior economist at OMFIF, to discuss the role of the dollar as a global reserve currency in a multipolar world. They discuss factors such as China’s rise in power, sanctions risk and the development of alternative payments systems and how these cou…

Taylor Pearce, senior economist, Economic Monetary Institute at OMFIF, hosts Elliot Hentov, head of macro policy research at State Street Global Advisors, to discuss the interplay between geopolitics and financial markets. Hentov outlines several risk factors that could impact markets – including geopolitical shocks, risk premium repricing and the …

Charles Dallara, ex-managing director of Institute of International Finance, talks about his book Euroshock, explaining how the 2012 Greek debt restructuring helped save European economic and monetary union from breakdown. A conversation with David Marsh and Burhan Khadbai.द्वारा OMFIF

Saleha Mohsin, senior Washington correspondent for Bloomberg News joined Mark Sobel, US chair at OMFIF, to discuss her recently published book, Paper Soldiers: How the Weaponization of the Dollar Changed the World Order. She discusses how secretaries of the Treasury of past decades managed communications about the dollar and how the department deve…

Cian O’Murchu, head of strategic transformation, Mireia Guisado-Parra, pre-validation product owner at Swift and Julien Lasalle, head of cashless payment monitoring at Banque de France, join Lewis McLellan, editor of OMFIF’s Digital Monetary Institute. Together, they discuss the implementation of pre-validation – a new tool developed to reduce the …

Stefan Nanu, head of public debt management and state treasury at the ministry of finance of Romania, joins Burhan Khadbai, head of content at OMFIF’s Sovereign Debt Institute, to discuss Romania’s long-awaited inaugural green bond, which was the most successful ever euro-denominated bond in this format by an emerging market issuer. As well as the …

Monique Newiak, deputy unit chief, inclusion and gender, and Mariarosaria Communale, economist at the International Monetary Fund, join Arunima Sharan, senior research analyst at OMFIF’s Economic and Monetary Policy Institute, to discuss the state of gender balance in financial institutions. They examine the IMF’s gender strategy, the macro-critica…

Max Castelli, head of strategy, sovereign institutions, and Philipp Salman, director of strategy and advice, global sovereign markets, UBS Asset Management, join Taylor Pearce, senior economist at OMFIF, to discuss what’s in store for global public investors in 2024. The discussion identifies opportunities and risks for reserve managers and soverei…

Environmental, social and governance data is integral to scaling up sustainable finance and investment. With increasing regulation and demand for information, it’s also crucial for organisations and businesses. Sherry Madera, chief executive officer of CDP, joins John Orchard, OMFIF chief executive officer, to discuss how data can improve the quali…

Siegfried Ruhl, hors classe adviser to the director-general for budget at the European Commission, joins Burhan Khadbai, head of content at OMFIF’s Sovereign Debt Institute, to discuss upcoming priorities for the European Union as it continues its rapid journey towards sovereign status in the capital markets. They discuss the EU’s recent launch of …

Gregory Makoff, author of new book Default: The Landmark Court Battle over Argentina's $100 Billion Debt Restructuring joins OMFIF US Chair Mark Sobel to discuss Argentina's nearly two-decades-long sovereign debt litigation following the 2001 default. Both review the spectacular blow-up of the Argentine economy, the litigation's timeline and the US…

द्वारा OMFIF

Vera Songwe, a non-resident senior fellow in the Africa Growth Initiative at the Brookings Institution and co-chair of the Independent High-Level Expert Group on Climate Finance, joins Katerina Atkins, programme coordinator at OMFIF’s Sustainable Policy Institute, to explore the key outcomes and challenges from the COP28 climate summit. They discus…

Max Castelli, head of strategy, sovereign institutions, and Philipp Salman, director of strategy and advice, global sovereign markets, UBS Asset Management, join Taylor Pearce, senior economist at OMFIF, to discuss macroeconomic challenges marked by exogenous shocks. They explore the short- and long-term outlook for inflation and the potential for …

Katie-Ann Wilson, Managing Director of OMFIF’s Digital Monetary Institute is joined by Peter Faykiss Director, Digitalization, Central Bank of Hungary, Imre Kocsis, Assistant Professor, Budapest University of Technology, Laszlo Gonczy Associate Professor, Budapest University of Technology and Chris Ostrowski, CEO and founder of SODA to explore what…

The International Monetary Fund's Ukraine team joins OMFIF to discuss the stabilisation of the Ukrainian economy over the past year. They assess the critical role played by the Fund's programme and foreign financing for Ukraine, as well as Ukraine's progress on combatting corruption and strengthening the domestic financial system. Speakers: Mark So…

There has been a rise in the number of people needing humanitarian assistance over recent years, resulting in disaster response public funding having to tackle immediate and longer-term socio-economic challenges. Gareth Owen, humanitarian director of Save the Children UK and Simon Inglis, partner, grants & relief funds management at EY join OMFIF’s…

In the second part of a special mini-series on the European retail government bond market, Burhan Khadbai, head of content at OMFIF’s Sovereign Debt Institute, speaks to senior officials at the Hungarian, Irish and Romanian debt management offices about how they are developing their retail bond programmes. Zoltán Kurali, chief executive officer of …

In the first of two parts in a special mini-series on the European retail government bond market, Burhan Khadbai, head of content at OMFIF’s Sovereign Debt Institute, speaks to senior officials at the Belgian and Portuguese debt management offices about their record-breaking retail bond programmes this year. Rui Amaral, board member, Portugal’s deb…

Diala Hawila, Knowledge Policy and Finance Centre programme officer at International Renewable Energy Agency, speaks with Katerina Atkins, programme coordinator at OMFIF, about the energy transition investment required under the 1.5°C scenarios, geographical aspects and key financing tools. They both discuss the importance of innovative instruments…

Whether or not they eventually go through with it, virtually every central bank will, sooner or later, at least consider issuing a digital currency. Whatever their aims and strategic priorities, they will need to go through a process of strategy formation, examination and experimentation. This process is fraught with challenges and must be carefull…

Max Castelli, head of strategy, sovereign institutions, and Philipp Salman, director of strategy and advice, global sovereign markets, UBS Asset Management, spoke with Taylor Pearce, senior economist at OMFIF, about financial liquidity. They looked at how institutional investors have balanced liquidity needs with their pursuit of higher returns ove…

Barry Eichengreen, professor of economics and political science at the University of California, Berkeley, and Chima Simpson-Bell, economist in the African Department at the International Monetary Fund, joined Taylor Pearce, senior economist at OMFIF, to discuss the rise of gold as a central bank reserve asset. OMFIF’s Global Public Investor 2023 r…

Tibor Tóth and Péter Banai, state secretaries of the Hungarian ministry of finance, joined Christopher Garnett, senior adviser to OMFIF’s Sovereign Debt Institute, for a conversation on the economic outlook in Hungary. They cover labour market reform, increasing and diversifying foreign direct investment inflows and export diversification and fisca…

Barnabás Virág, deputy governor of Magyar Nemzeti Bank, joins David Marsh, OMFIF chairman, for a conversation on the economic outlook in Hungary. Their discussion covers the country’s short- and long-term economic trajectory. They cover inflation and monetary policy, improving productivity and competitiveness, foreign direct investment, export dive…

The cryptoasset class, while battered by scams and scandals, remains a valuable and exciting asset class. But if regulated mainstream financial institutions are to interact with it seriously, they need high-quality infrastructure. Duncan Trenholme and Simon Forster, TP ICAP's global co-heads of digital assets join Digital Monetary Institute editor,…