Financial services & regulation
Better regulation in Europe: An action plan for the next Commission
19 March 2024
As Europe tries to boost its economic growth and become more innovative, the EU must reinvigorate the ‘better regulation’ agenda – and adapt it to how the EU institutions are evolving.
Has the IMF’s lending become too expensive for its own good? The case for a lending rate cap
29 September 2023
The IMF risks losing relevance as multilateral provider of bailouts to countries in debt distress.
Five proposals for enforceable EU fiscal rules
17 April 2023
As the EU reforms its fiscal rules it risks repeating past mistakes. The EU should couple Commission discretion with stronger enforcement mechanisms to get member-states to follow debt reduction plans.
The European Stability Mechanism is not ready for the next crisis
29 November 2022
Eurozone finance ministers just appointed a new head of the European Stability Mechanism (ESM). They should seize the opportunity to turn the ESM into a more useful institution.
Using sanctioned Russian assets to rebuild Ukraine will not be easy
03 August 2022
Funding Ukraine’s reconstruction with confiscated assets from Russian elites will be legally complex. Seizing Russia’s frozen foreign reserves may prove easier.
Why would anyone use a central bank digital currency?
07 June 2022
Central banks are rushing to pilot their own digital currencies. These may sound exciting. But they may offer users few compelling benefits they do not already enjoy.
The G7 corporate tax deal: Why the EU should curb its enthusiasm
09 June 2021
The recent G7 deal will not bolster the European Commission’s broader efforts to fight aggressive tax practices. The Commission needs political realism and more modest aims to make headway.
The US proposals on digital services taxes and minimum tax rates: How the EU should respond
15 April 2021
OECD members are negotiating a global digital services tax and a global minimum corporate tax. EU member-states should support recent US proposals to conclude the talks.
Why Europe should spend big like Biden
29 March 2021
The scale of Biden’s spending plans means the US economy will recover much faster than Europe’s. Yet in many ways it is the European economy that is in greater need of stimulus.
On Brexit, TTIP and the City of London
30 May 2018
The EU was keen to include financial services in TTIP, the proposed trade agreement with the US. Is its reluctance to do so with the UK mere hypocrisy?
Brexit and the financial services industry: The story so far
27 March 2018
The City will survive Brexit, but it will not emerge unscathed. In order to remain competitive Britain’s financial services industry will need to adapt, as it has always done.
Conference report: How to save the EU
15 January 2018
50 leading economists, political scientists and experts on the EU considered the forces undermining the Union, and how Europe should respond to them.
Brexiting Swiss-style: The best possible UK-EU trade deal
24 April 2017
The softest form of hard Brexit that is plausible – given the red lines of the 27 and Britain – is something like Switzerland's deal with the EU.
Crisis of capitalism? Perhaps, but don't blame it on globalisation
10 February 2017
Globalisation did not force governments to adopt policies that divided their countries, exacerbated inequality and hit social mobility. Many of them did those things by choice.
Long day’s journey into economic night
11 July 2016
Economic developments in Britain since the referendum suggest that a recession is coming. And the politics of the negotiation with the EU suggest the country will suffer a prolonged period of weak economic growth.
Time for a regime change in Frankfurt
08 March 2016
To get eurozone inflation back to the 'close to 2 per cent' target, the ECB needs to be much bolder – and needs fiscal help.
Has the euro been a failure?
11 January 2016
The euro has not been a positive economic and political force. But keeping the single currency together could still be less risky than dismantling it.
Issue 103 - 2015
27 July 2015
- How to keep Greece in, Christian Odendahl
- Could eurozone integration damage the single market?, Charles Grant
- Greek foreign policy: The next ruin?, Ian Bond, Rem Korteweg
Do the UK's European ties damage its prosperity?
30 April 2015
Eurosceptic claims that EU regulation and the protectionism of other member-states are holding back Britain's economy – and that withdrawal would be a liberation – are nonsense.
Issue 101 - 2015
08 April 2015
- Security in the age of austerity: You get what you pay for, Ian Bond
- The low-hanging fruit of European capital markets, Christian Odendahl
- A Marxist take on the 'Brexit' general election, John Springford