| THE DAILY UPDATETuesday 5 April 2022 |
‘Data, data, data’ remain biggest challenge to TCFD adoption
By Sarah Moloney
In March, the US Securities and Exchange Commission proposed a draft rule requiring US-listed companies to disclose their climate-related risks and greenhouse gas emissions. This was announced in response to investors seeking more guidance on how they should be reporting on their climate impacts. However, some critics have accused the regulator of overstepping its authority...
THE DAILY UPDATE – Saturday 2 April 2022
Why the labour market won’t fuel US inflation
By Julian Jacobs
Despite low unemployment and high inflation, fears that tight labour markets will drive inflation higher are misplaced. Five elements have been vital to the reduction of worker power since the 1970s and are responsible for the considerable productivity-pay gap in the US. The great danger of this bout of inflation is that salaries will not increase fast enough, while panic about rising wages will...
THE DAILY UPDATE Friday 1 April 2022
Frequent borrowers set to lead digital transformation
By Lewis McLellan
Public sector borrowers have always been at the forefront of developments in the bond market. The burgeoning digitalisation process is no exception. OMFIF surveyed 21 of the top public sector borrowers around the world for its ‘Future of capital markets’ report. The SSA market is a fiercely competitive place. OMFIF’s survey shows just how important these borrowers believe the digitalisation...
| THE DAILY UPDATE Thursday 31 March 2022 |
| Markets overreacting to fears of Japanese yen intervention |
| By Mark Sobel |
| The Japanese yen’s recent depreciation against the dollar has elicited much market hand-wringing about how officialdom might respond and whether authorities could intervene to staunch the decline. But the foreign exchange market’s fretting seems overdone. There are good fundamental reasons for the yen’s depreciation. Trading in yen is orderly. There should be little... |
| THE DAILY UPDATE Wednesday 30 March 2022 |
| Culture clash holds back digital currencies |
| By Chris Ostrowski |
| ‘Just because you’ve been relevant for the last 100 years does not mean you’ll be relevant for the next 100 years.’ Sunayna Tuteja’s reflections stood out at a digital currency conference in Washington DC last month for two reasons. First, because few people challenge central bankers so directly on the threat posed by digital currencies and second, because this challenge came... |
THE DAILY UPDATE Tuesday 29 March 2022
| Looking beyond the war |
| By Anthony Robinson |
| Once the truth about President Vladimir Putin’s war on Ukraine and the reasons for Russia’s economic and financial isolation spreads beyond the inner circle and Russia’s social media bubble, the Putin regime will struggle to retain its totalitarian control. Putin and his fellow conspirators should face trial for war crimes. The Russian people will also have to acknowledge and apologise for an unprovoked,... |
THE WEEKEND REVIEW
Latest opinion and analysis from OMFIF around the world
21-25 March 2022, Vol.13 Ed.12
Most-read Commentary
Sunak’s Spring Statement neglects those most hurt by inflation: Covid-19 and now the Ukraine war have materially reduced Britain’s real national income and we are all worse off. Chancellor of the Exchequer Rishi Sunak claimed to address the cost-of-living crisis on 23 March in his Spring Statement. For impoverished households, entirely dependent on welfare benefits and...
Friday 25 March 2022 – Vol.13 Ed.12.5
Commentary: Central bankers will become heroes by retreating from inflation fray
By David Marsh in London
Central bankers look ready to retreat from a frontal assault on inflation – stepping diplomatically away from the purest interpretation of their mandates. Far from attracting opprobrium, they will gain popularity. Experts have long predicted that the age of independent central banks is over. Bowing to political pressures to keep interest rates under...
Thursday 24 March 2022 – Vol.13 Ed.12.4
Commentary: War has shattered illusions of the West
By Meghnad Desai in London
The three-week-old war that Vladimir Putin has waged against Ukraine has shattered the illusions on which the entire architecture of the post-1945 western order has been based. There are at least three such illusions: the democratic power of the United Nations, universal peace in Europe and the US belief that it was the world’s sole superpower following the collapse of the Soviet...
Wednesday 23 March 2022 – Vol.13 Ed.12.3
Commentary: Russia’s economy may be much smaller than reported
By Miroslav Singer in Prague
Many famous acts of aggression are motivated by the need to divert the attention of citizens away from domestic economic problems. So in that sense, Kremlin aggression in Ukraine was unexpected, given that Russia’s economy appeared to be successfully overcoming the pandemic, having regained its pre-Covid-19 level by mid-2021. However, official Russian gross domestic...