25 Oct
Chapter News

ECB | Cross-border deposits: growing trust in the euro area

By Matthias Rumpf | People have tended to be quite hesitant to trust banks abroad. That seems to be changing. In a post featuring interactive charts for you to explore, The ECB Blog shows that cross-border bank deposits of private households have picked up recently. To what extent are euro area households making use of cross-border deposits? Are households in smaller countries more likely to open accounts abroad and, if they do so, which countries do they choose? This ECB...

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25 Oct
Chapter News

FSB | The Financial Stability Implications of Tokenisation

Tokenisation has the potential to offer benefits to the financial system, such as increased efficiency and transparency, but it may also have financial stability implications. This report is focused on a subset of tokenisation initiatives – tokenisation based on distributed ledger technology (DLT) as the underlying technology platform – assessed to be the most relevant for financial stability based on recent market developments. In particular, the report focuses on the tokenisation of financial assets, such as tokenised money that may...

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25 Oct
Chapter News

IMF | Principality of Liechtenstein Becomes IMF’s 191st Member

Washington, D.C. – October 21, 2024: The Principality of Liechtenstein became a member of the IMF today when Prime Minister Daniel Risch signed the Fund’s Articles of Agreement during a ceremony in Washington D.C. Liechtenstein applied for IMF membership in May 2023 (See Press Release 23/190). Subsequently, an IMF team visited Vaduz during November 27-December 8, 2023 (See Press Release 23/430). The principality's decision to join the IMF was confirmed by a majority in a national referendum conducted on September...

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25 Oct
Member News

Vulcan View: The latest EU developments 21 October – 25 October

Michael McGrath, Commissioner-designate for Democracy, Justice, and the Rule of Law Michael McGrath, Ireland’s commissioner pick, has been appointed Commissioner-designate for Democracy, Justice and the Rule of Law. McGrath is a member of the Irish Fianna Fáil party, belonging to the Renew Europe group in the European Parliament, and a former Minister for Finance. McGrath, born in Cork in 1976, studied commerce at University College Cork and later qualified as a chartered accountant with KPMG. He has been a member of the Oireachtas...

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24 Oct
Chapter News

OECD | Joint report explores scope for co-ordinated approaches on climate action, carbon pricing, and policy spillovers

Five international organisations today released a landmark report that outlines pathways for co-ordinated approaches on climate action, carbon pricing, and the cross-border effects of climate change mitigation policies with a view to achieving global climate goals. The report was presented on 23 October by the Joint Task Force on Climate Action, Carbon Pricing, and Policy Spillovers, convened by the World Trade Organization and joined by the International Monetary Fund, the Organisation for Economic Co-operation and Development, United Nations Trade and...

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24 Oct
Member News

K-Mine | Mining the Numbers

Data analytics has become an indispensable tool for navigating financial management challenges in the complex and risk-laden mining industry. This technological advancement is significantly reshaping strategies within the sector, providing companies with the critical insights needed to make informed, data-driven decisions that enhance profitability and operational efficiency. Mining companies operate in an environment where precision in financial forecasting and cost management is paramount. With vast amounts of capital at stake and operations that span across diverse and often remote geographies,...

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24 Oct
Member News

Bannockburn Global Forex | Turn Around Tuesday Comes Late

Overview: It is ironic that a few months ago, many wanted to sell the dollar because the Republican president and vice president candidates said they wanted a weaker dollar. With the election drawing near and the race very tight, there has been a surge in the betting markets of a Trump-Vance victory, and this has corresponded with the dollar's dramatic rise. US rates held on the lion's share of their gains despite the sharpest loss in the S&P 500...

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21 Oct
Member News

Wilson Sonsini | Regulators in Europe Signal Increased Scrutiny of Online Platforms

In recent months, politicians and regulators across a number of jurisdictions have called on operators of online platforms to take seriously their legal obligations to promote a safe online environment. The safety of children online has continued to dominate this conversation, with a recent joint UK-U.S. statement (Statement) declaring that online platforms should “go further and faster in their efforts to protect children.” This alert sets out the regulatory focus areas of the European Commission (EC), the Irish Coimisiún na...

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19 Oct
Chapter News

DoC | Biden-Harris Administration Opens Funding Competition for Up to $1.6 Billion to Accelerate U.S. Semiconductor Advanced Packaging Technologies

Program will drive U.S. leadership in semiconductors as well as provide the critical technology and skilled workforce needed for U.S. semiconductor packaging Today, the Biden-Harris Administration issued a Notice of Funding Opportunity (NOFO) funded by the CHIPS and Science Act to enable the United States semiconductor industry to adopt innovative new advanced packaging flows for semiconductor technologies. This investment comes as part of the President’s overarching Investing in America agenda, which is increasing American competitiveness and boosting manufacturing in industries of...

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18 Oct
Chapter News

ECB | Working Paper Series: Climate capitalists

Non-Technical Summary One of the most dramatic trends in financial markets over the last decade has been the rise of sustainable investing. Many prominent institutions, such as the European Central Bank, now publicly support sustainable investing. It is often argued that sustainable investing can incentivize firms to act more sustainably by decreasing the cost of capital firms have to pay for their green investments. Despite the prominence of this idea, it is unclear whether sustainable investing influences firm behavior through...

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