Member Views

Prudential plc

Lastly this week we welcome new member Prudential plc.

Prudential provides life and health insurance and asset management to over eighteen million customers in Asia and Africa.

We appreciate their support for our work and mission, and we look forward to their engagement!

Putin Clipped The G7's Summit Commitments

Vladimir Putin might as well have been present at the G7 Leaders’ Summit in Bavaria’s Schloss Elmau in June. While the communiques issued at these annual events rarely make for exciting reading, the one choreographed by the Germans this year declares commitments marked by mild ambition, a dearth of concreteness, and few goals whose attainment can be easily measured.

QE and the Central Bank Hangover that Just Won’t End

BWC member Hung Tran was interviewed by Politico Europe recently. "'What happened... was clearly a case of the Fed overdoing it'... and the Fed made things worse... when it adopted the practice of targeting average inflation spanning the past and future."

Rajesh Swaminathan

This week we welcome new member Rajesh Swaminathan, general counsel & partner at Jasper Ridge Partners.

Rajesh oversees legal, compliance, tax, and human resources. Previously he was senior managing director and general counsel; regional general counsel for Europe, Middle East and Africa; and assistant general counsel in the alternative investments business at PineBridge Investments.

He has also been in private practice in the New York and Washington, DC offices of Cadwalader, Wickersham & Taft, LLP; Steptoe & Johnson LLP; and Davis Polk & Wardwell LLP.

Recovery Requires Greater Cooperation: Come Together

The coronavirus threatens thousands, possibly millions of lives across the globe. It is first and foremost a health crisis and the disease must be beaten, and the curve of Covid-19’s spread must be flattened for our lives to return to something approaching normalcy.

Reducing Chip Supply Risks

In his latest post, BWC member Warren Coats acknowledges that reliance on foreign manufacturing "for our most advanced chips is an economic and security risk" the US should reduce, and he explores which are better and which are worse ways to reduce such risk.

Refugee bonds could help in Venezuela’s humanitarian catastrophe

Gary Kleiman is co-founder and senior partner at Kleiman International.

Regional markets offer possibility for private sector initiatives

Emerging market fund managers still invested in Venezuela are no longer just focused on debt restructuring.

Regional Financial Arrangements and the International Monetary Fund: Sustaining Coherence in Global Financial Governance

Cooperation and competition among regional financial arrangements (RFAs) and the International Monetary Fund (IMF) increasingly determine the effectiveness of the global financial safety net (GFSN), which many observers fear is becoming fragmented.

Remembering John Heimann

The Bretton Woods Committee is saddened by the passing of long-time BWC member John Heimann. A trailblazer in finance and public service, his leadership as the founding Chairman of the Financial Stability Institute of the Bank for International Settlements and tenure as U.S. Comptroller of the Currency defined his commitment to public welfare. John leaves behind an enduring legacy of excellence and unwavering dedication to global financial stability and sound regulatory policy.

Revised Global Principles for Sustainable Securities Lending Issued Alongside Opening Signatories

Global Principles for Sustainable Securities Lending (Global PSSL) today published fully revised and updated principles for sustainable securities lending alongside invited opening signatories, available here.