Finance 2016

54 states and infrastructure financing challenges in Africa Asmita Parshotam and Cyril Prinsloo examine the challenges African countries face in filling the infrastructure financing gap Climate change and fossil fuels: the growing urgency to divest Global efforts to mitigate climate change must soon take a heavy toll on future fossil fuel demand, Jeff Rubin writes Global Islamic wealth management: trends and opportunities Sohail Jaffer says there are several reasons why the Islamic niche of the industry is expected to outgrow conventional wealth management over the coming decade Financial regulation since the crisis Daniel K Tarullo thinks there is a sound economic case for generally weakening the regulatory requirements applicable to the largest bank Risk-based capital requirements for banks and international trade Banu Demir Pakel, Tomasz Michalski and Evren Örs examine how Basel II capital requirements have affected trade finance An age of ultra-low interest rates? Daniel Dăianu writes that it is too early to say and that we need to bank on the reinvigorating force of the entrepreneurial spirit and pragmatic policies during the slow recovery underway Challenges for financial markets Jon Cunliffe reflects on the factors that have influenced London’s position as a global financial centre and considers some of the implications for European financial markets from the UK exiting the EU Sovereign debt in the euro area: too safe or too risky? Europe needs reforms if its debt is to meet the multiple expectations society attaches to it, and may require a degree of fiscal risk-sharing at euro area level. Benoît Cœuré discusses how to square the circle between risk and safety Takaful: expansion potential Sohail Jaffer writes on the global growth prospects for shariah-compliant insurance Basic income - free money for everyone? Fleur de Beaufort examines the growing calls for the introduction of some form of unconditional basic income in Europe Ethics in economics: a missing link? Deepanshu Mohan briefly reiterate some of the key arguments attached in favour for accommodating ethical considerations in modern day economic theory The state and prospects of the euro area recovery Mario Draghi writes about the factors that have put the euro area economy on a stronger footing, but also the reasons why we cannot yet drop our guard Central banks and digital currencies Ben Broadbent looks at innovation in private sector digital currencies, asks what is a central bank digital currency, and what might be the economic implications of introducing one
Going digital: the benefits of a digital organization in financial services The organization of digital efforts is a key aspect of every digital transformation and banks and insurance companies that are able to transform themselves will be better prepared to ride the digitalization, write Alejandro Gonzalez and Pedro Fernández
Rajan's craftsmanship Deepanshu Mohan reflects on Raghuram Rajan’s bold and independent term as Governor of the Reserve Bank of India Can the Union avoid a breakdown? Daniel Dăianu examines the immediate and long-term challenges to the European Union The eurozone needs less heterogeneity André Sapir argues that all eurozone members need to have institutions that ensure wage developments are in line with productivity developments, and that this is crucial for the sustainability of the EZ The power of harnessing data in the anti-money laundering fight Chrisol Correia examines how can financial institutions overcome the AML burden