With a view to boosting EU competitiveness, the Council gave today its final green light to a simplification of the sustainability reporting and due diligence requirements for companies. This legislation simplifies the directives on corporate sustainability reporting (CSRD) and corporate sustainability due diligence (CS3D) by reducing the reporting burden and limiting the trickle-down effect of obligations on smaller companies. The Omnibus I simplification package reduces complexity and unnecessary barriers, cuts red tape, enhances efficiency and introduces more flexibility for companies that remain subject to its...

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Blog  Diversification has become harder since 2020 as stocks and bonds tend to move in tandem during sharp selloffs, adding to financial stability concerns Spreading investments across asset classes can reduce risk and smooth returns. The classic diversification between stocks and bonds worked historically because they moved in opposite directions. When stocks fell, investors sought safety in bonds. Bonds rallied, cushioning losses and stabilizing portfolios. Since the start of the pandemic period—with supply shocks that fueled inflation—bonds have become less effective in...

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Stefano Scarpetta has been appointed as the next Chief Economist of the OECD. He will take up his duties on 1 April 2026. Mr Scarpetta brings an outstanding international reputation as a leading economist, built over more than three decades of distinguished service. Since 2013, he has led the OECD Directorate for Employment, Labour and Social Affairs, where he oversaw landmark initiatives including the OECD Jobs Strategy and strengthened the Organisation’s capacity to assess the impact of major structural transformations...

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