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EUREP Goes Global: The ECB’s Quiet Lender of Last Resort
The European Central Bank has begun onboarding non-euro-area central banks to its enhanced EUREP repo facility. For the first time, the non-euro world has a standing euro liquidity backstop. Currencies internationalise through exactly this kind of quiet lender-of-last-resort plumbing, and
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Rules over Discretion: What a Chinese-Owned Lithium Expansion Says About Argentina’s Investment Regime
A US$709m expansion of a Chinese-owned lithium project has cleared RIGI, Argentina’s incentive regime for large investments. The approval suggests a rules-based framework with a fixed closing date is beginning to do what decades of discretionary policy could not: convert
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SPP AI Governance Framework: What “Human Oversight” Now Has to Mean
The Society of Pension Professionals’ new framework, Governance in the Age of AI, argues that artificial intelligence needs no new governance regime, only the honest application of duties that already exist. Its most demanding passage is about the people signing
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Buying Credibility: The Hiking Cycle That Keeps Indonesia’s Convergence Funded
Three increases since May, 100 basis points in all, one of them off-cycle. Bank Indonesia has charged domestic borrowers a visible price to keep real yields attractive, portfolio money flowing and Indonesia’s long convergence run financed. July’s surprise hold now
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Free, Capped and Contagious: Why a US Tariff Could Not Stop Pix Going Global
Brazil’s public payments rail has been named in a US Section 301 tariff action for the very design choices that made it ubiquitous. It has come through that first geopolitical stress test with its model untouched and dozens of central
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The Two-Tier Tariff: Washington Prices Labour Standards into Trade
The Section 301 action that took effect on 24 July prices a social standard into trade policy for the first time: 10 per cent for economies that ban forced-labour imports, 12.5 per cent for those that do not, and a
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Heat on Contract: Industrial Storage Turns Cheap Hours into a Bankable Asset
Brick, carbon and molten-salt stores are moving industrial heat from the fuel bill to the balance sheet. The interesting part is not the hardware. It is the contracts now being written on it. In May, the American biofuels producer POET
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JPMorgan Signals Caution: Tightening Private Credit Amid Software Loan Repricing
JPMorgan Chase’s decision to tighten lending to private credit funds marks a notable inflection point for one of the fastest-growing segments of global finance. As the world’s largest bank by assets reins in exposure, particularly to software-linked loans, the move
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The Bioforge Prophecy: How Houston’s Enzyme Engineers are Decarbonising the Periodic Table
While the venture capital world remains captivated by the digital abstractions of generative artificial intelligence, a quieter revolution in carbon and enzymes is unfolding in the heart of Texas. Solugen is not merely building a business; it is challenging the
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Boards and AI: From Oversight to Insight
How AI can improve the effectiveness of boards THE SHORT VERSION AI is now supporting boards to do their work. Used well, it helps directors digest dense board packs, ask sharper questions, benchmark against peers and assess their own performance,
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