Securitisation is back, and green finance must stray far away
5 September, 2019Securitisation played a central role in the 2008 crisis. Yet it’s been making a comeback, and green finance is getting involved. Here’s why securitisation should have no place in green finance. What is securitisation? Securitisation is the process of packaging illiquid financial assets together into tradeable financial instruments, known as asset-backed securities (ABS). Various types [...]
A reformed appointment process of the IMF director won’t cut it, the whole institution needs an overhaul
19 August, 2019The EU’s finance ministers recently voted for Kristalina Georgieva, the Chief Executive of the World Bank, to take on the top job at the International Monetary Fund (IMF). Georgieva is almost guaranteed to secure the position, as tradition dictates that Europe chooses the Managing Director of the IMF, while the US selects the World Bank [...]
Reflections on the state of green finance
1 August, 2019Green finance is growing fast, as private financial services firms are “capturing the opportunity” that going ‘green’ presents. But is this something to celebrate? Not necessarily. Part of the drive to grow green finance has taken the form of broadening the variety of questionable financial instruments on offer. The green synthetic asset-backed security, for example, [...]