The WTO is experiencing a serious crisis arising from tensions that are internal to the global trading system. Ignacio García Bercero identifies four critical areas for WTO reform to reinforce the rules-based trading system
Read more
AI is challenging how businesses operate. Jonathan Sharp says that organisations must rethink how decisions are made, not just who makes them, but how they are triggered, validated and executed to ensure a successful implementation strategy
Read more
Andrew Bailey highlights how UK economic growth has slowed since the Financial Crisis. He examines AI and suggests gains may take time, depend on complementary innovation, and bring uncertain effects on jobs, making investment in skills essential
Read more
As technology evolves, Sarah Breeden sets out the Bank of England’s vision for UK finance: a robust, multi-money retail payments system that promotes greater competition and innovation, and a multi-asset, multi-currency approach to tokenising the markets of the UK’s global financial centre
Read more
Sam Woods reflects on the nature of banking supervision. Taking stock of how supervision has evolved in the UK and internationally, he considers what the role of a supervisor is and how it might evolve in future
Read more
Europe is recalibrating its industrial policy in response to external challenges. Maive Rute, Frank Vandermeeren and Anca Dumitrescu investigate the goals of this recalibrated approach and the key components for success
Read more
The Iran energy shock is a test of European discipline on state aid. Roel Dom and Simone Tagliapietra argue that the latest EU temporary state-aid framework is needed to shield industries and consumers from short-term costs, but should not become more permanent
Read more
Stablecoins are not an efficient way to strengthen the international role of the euro, says Christine Lagarde. The best solution to do so remains: deeper capital market integration through the savings and investment union and a stronger safe asset base
Read more
The US–Iran relationship appears to be at its lowest point in decades. Simon Johnson and Amir Kermani describe how the twin blockades of the Strait of Hormuz create the possibility of a time-consistent agreement linking the nuclear issue, sanctions relief, and uninterrupted navigation
Read more
Global efforts to tackle the climate and nature crises have not progressed as hoped, says Christine Lagarde. This sharpens the case for deeper analysis from the research and central banking communities to better understand the risks to price and financial stability
Read more