The OMFIF Podcast OMFIF

Pedro Duerte Neves, Adviser for the Board of Directors and former Vice-Governor of Banco de Portugal, joins Taylor Pearce, senior economist, Economic and Monetary Policy Institute, OMFIF, to discuss the global financial stability outlook. Their discussion references the IMF’s 2024 Global Financial Stability Report, and examines vulnerabilities and risks to the global financial system, including stretched asset valuations, burgeoning public and private debt and the growing probability of cyberattacks.
The views and opinions expressed are those of the interviewee and do not necessarily reflect those of Banco de Portugal or the Eurosystem.

Björn Storim, chief executive officer, and Ben Pott, managing director and international head of public policy and government affairs at BNY Mellon, join Clive Horwood, managing editor and deputy chief executive officer at OMFIF. They assess the progress towards capital markets union in Europe and the need to accelerate financial market integration. They discuss the current challenges, approaches to harmonising market infrastructure and regulations and the importance of securitisation to European competitiveness.

Max Castelli, head of strategy, sovereign institutions at UBS Asset Management, joins Taylor Pearce, senior economist at OMFIF, to discuss the role of the dollar as a global reserve currency in a multipolar world. They discuss factors such as China’s rise in power, sanctions risk and the development of alternative payments systems and how these could challenge dollar dominance. They also discussed the recent surge in gold and Bitcoin prices in the context of currency diversification for institutional investors.  
Whether or not the introduction of CBDCs will impact central banks’ reserve management strategies will be explored in OMFIF’s forthcoming Global Public Investor 2024 report, along with other asset and currency allocation trends. 

Taylor Pearce, senior economist, Economic Monetary Institute at OMFIF, hosts Elliot Hentov, head of macro policy research at State Street Global Advisors, to discuss the interplay between geopolitics and financial markets. Hentov outlines several risk factors that could impact markets – including geopolitical shocks, risk premium repricing and the upcoming US election – and what investors are doing as a result. 

Charles Dallara,  ex-managing director of Institute of International Finance, talks about his book Euroshock, explaining how the 2012 Greek debt restructuring  helped save European economic and monetary union from breakdown.   A conversation with David Marsh and Burhan Khadbai.

Saleha Mohsin, senior Washington correspondent for Bloomberg News joined Mark Sobel, US chair at OMFIF, to discuss her recently published book, Paper Soldiers: How the Weaponization of the Dollar Changed the World Order. She discusses how secretaries of the Treasury of past decades managed communications about the dollar and how the department developed and deployed financial sanctions based on the dollar's globally dominant role.