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In this episode of Current Account, Clay takes a look back at 2024 and some of the key topics and issues throughout the year. The summary includes four sections of highlight: The current and ongoing status of conflicts across the globe, a trend of anti-incumbency throughout recent global elections, a review of the economic year and how the incoming Trump administration will influence these and other issues.
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In this episode of Current Account, Clay is joined by IIF's Managing Director of Digital Finance, Jessica Renier, to provide an update on digital assets and their development in recent months and years. Clay and Jessica provide a brief roadmap of progress in CBDCs, cryptocurrencies and tokenization technologies before discussing digital asset innovation from the official sector, various developments across jurisdictions, how the incoming U.S. administration may approach regulatory frameworks surrounding digital assets and much more.
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In this episode of Current Account, Clay is joined by Douglas Beal, the Global Head of Social Impact and Just Transition in Financial Institutions at Boston Consulting Group (BCG), to discuss the recent COP29 meetings held in Baku, Azerbaijan. After discussing high-level takeaways from the conference, Clay and Doug shift the conversation to topics such as explaining the "Just Transition" and the social implications of transition finance, the potential impact of global elections on transition planning, subsequent steps for financial institutions and much more.
To sign up for the new Current Account newsletter, please click here.
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In this episode of Current Account, Clay is joined by Andreas Kluth, an opinion columnist for Bloomberg covering US diplomacy, national security and geopolitics, to discuss the ongoing political and economic developments in Germany. Clay and Andreas dive into how and why the coalition government recently collapsed, the accelerated election timetable over the next few months, explain the "debt brake" and how it ties into recent economic stagnation, Germany's role within the European Union presently and going forward, the state of international relations throughout this period of instability and much more.
To sign up for the new Current Account newsletter through the IIF website, please click here.
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In this episode of Current Account, Clay dives into the long-awaited results of the 2024 U.S. Presidential Elections, which saw Republican nominee and former President Donald Trump secure his second term at helm, focusing on the economic strategy and fiscal policy implications of this outcome. Clay begins with the initial reaction to not only the outcome of the Presidential election, but the outcomes of the House and Senate races as well. For the remaining duration of the episode, Clay dives into key points in the Trump economic agenda, including the areas of trade, regulation, national debt, international relations and many others. Clay concludes the discussion looking ahead to President-elect Trump's upcoming decisions on open positions throughout his administration.
To sign up for the new Current Account newsletter through the IIF website, please click here.
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In this episode of Current Account, Clay is joined by IIF Economist Jonathan Fortun to discuss recent economic and political developments in Japan. Clay and Jonathan discuss a brief overview of the recent series of elections in Japan, before diving into the Bank of Japan's recent measures, how recent events may impact international relations, the recent pattern of coalition governments in major economies and more.
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In this episode of Current Account, Clay gives a live report from the 2024 IIF Annual Membership Meeting, with the help from a handful of IIF Staff members. Clay first reviews major themes, takeaways and discussions, including remarks from U.S. Department of the Treasury Secretary Janet Yellen, before handing it off to his colleagues: Melanie Idler, an Associate Policy Advisor for Regulatory Affairs, covers the Regulation-steered portions of the meetings, Raymond Aycock, Senior Research Analyst for the Global Policy Initiatives Department goes over the conversations focused on Transition Finance, sessions on Economics and Emerging Markets were summarized by IIF Economist Ivan Burgara and Hannah Anderson, a Policy Advisor for the Digital Finance Department, gave a report on the discussions centered on Digital Finance.
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In this episode of Current Account, Clay is joined by IIF's President and Chief Executive Officer Tim Adams to preview the 2024 IIF Annual Membership Meeting, taking place in Washington, D.C., from October 22-25. Clay and Tim look ahead at many topics that stand to be at the forefront of discussion, including thoughts and effects surrounding current geopolitical risks, the state of emerging markets and the global state of debt, implementation of emerging technologies such as artificial intelligence and digital payments, impacts of the upcoming U.S. Presidential elections and much more.
Make sure to follow the 2024 IIF Annual Membership Meeting throughout the week!
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In this episode of Current Account, Clay revisits the upcoming Presidential Elections in the United States, this time with an eye on key policy themes and implementation from the two major party nominees: Current Vice President Kamala Harris (Democrat) and former President Donald Trump (Republican). The episode dives into where the race stands to date, how Congressional elections will impact either President-elect, the upcoming personnel decisions for the next sitting President, the proposed approaches to fiscal policy, potential changes in financial regulation, where each candidate may handle international trade policy and engagement, and much more.
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In this episode of Current Account, Clay is joined by IIF's Sonja Gibbs, Managing Director of Global Policy Initiatives and Head of Sustainable Finance, to recap an eventful New York Climate Week. Clay and Sonja talk about the major themes surrounding this year's meetings, including balancing a Brown vs Green transition strategy, the role of private and public funding in decarbonization efforts, how various jurisdictions approach reporting standards and impacts of EU's Corporate Sustainability Reporting Directive (CSRD), what role the upcoming U.S. Presidential Election may have in climate policy and more.
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In this episode of Current Account, Clay is joined by Giovanna Faggionato, a reporter for Politico Europe who has extensive experience covering competition, to discuss the recent report given by former Italian Prime Minister Mario Draghi. Clay and Giovanna discuss the report's key themes and takeaways, focused on a plan to make the European Union more competitive economically. They discuss why Draghi was the author of this report, how he proposes to close the competition gap between the EU and the United States, challenges in implementing the report's recommendations, what steps may follow suit and more.
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In this episode of Current Account, Clay is joined by IIF's Andrés Portilla, Managing Director of Regulatory Affairs and Richard Gray, Director of Prudential Policy, to revisit the topic of Basel III implementation. The podcast covers how the United States Federal Reserve may look to repropose implementing Basel III, what metrics are being suggested in the reproposal process, the shifting implementation timeline, thinking of how other jurisdictions may monitor the Federal Reserve's process, the impact of the 2024 U.S. Presidential elections on impending steps and more.
For more information on Basel III, tune in to Episode 55: "Can We Make a Discussion about Basel Capital Accords Interesting?" where Clay, Andrés and Richard analyze the Basel III Endgame.
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In this episode of Current Account, Clay is joined by IIF's new Chief Economist and Managing Director, Marcello Estevão. Marcello joins the IIF with a plethora of experience in the financial industry, including stints at the World Bank, IMF, U.S. Federal Reserve Board, G20 Deputy for Brazil and many more. Clay and Marcello discuss a number of global economic topics at the macro level, including an update on the Federal Reserve and their probable rate cuts, current status of central banks in China and Japan, upcoming IIF work and ideas on capital flows, forecasting economic landscape for the near future and more.
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In this episode of Current Account, Clay is joined by Gregory Daco, Chief Economist at EY, to discuss recent developments in the U.S. economy, including recapping the recent market volatility and the reasoning behind it, impact and potential inflationary measures on the economy moving forward, upcoming decisions for the Federal Reserve, forecasting the future of the dollar and more.
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In this episode of Current Account, Clay gives an update on the upcoming United States Presidential Elections on November 5th, following a number of developments in recent weeks. Clay discusses the impact of a variety of unprecedented events, including the attempted assassination of former President Donald Trump, sitting President Joe Biden backing down from seeking a second term in office, how current Vice President and presumptive Democratic nominee Kamala Harris will approach both picking a Vice-Presidential candidate, how these events may shape the Democratic National Convention in mid-August, what are considered to be the "swing" states in the election at this time, how Donald Trump will aim to appear to certain voter types and much more.
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In this episode of Current Account, Clay is joined by Daniel Tannebaum, a Partner and Global Anti-Financial Crime Practice Leader at Oliver Wyman and Senior Fellow at the Atlantic Council, to provide a sanctions update amid the recent United States’s Office of Foreign Assets Control (OFAC) escalation of the December 2023 sanctions package on Russia. The episode begins with an explanation of what the new escalation package entails, before discussing the approaches of the G7 lending plan, the relationships of India and China with Russia in this context, how the upcoming U.S. Presidential Elections will play a role going forward and much more.
Editor's note: This episode was taped on Friday, July 19th, 2024.
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In this episode of Current Account, Clay is joined by Guillaume de Calignon, a Journalist at Les Echos - a French financial newspaper headquartered in Paris - to discuss the results and implications of the recent French snap elections. Clay and Guillaume discuss why President Macron called for the elections, the results leading to a coalition government, impact it may have on French economic policy, weighing investor and public uncertainty around the current government landscape, how this event is tied to the greater European Union, potential pathway until the French General Elections in 2027 and more.
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In this episode of Current Account, Clay is joined by Marcelo Carvalho, Global Head of Economics at BNP Paribas CIB, to discuss the recent decision by the European Central Bank (ECB) to cut interest rates. The episode includes discussing the thought process by the .25% rate cut, an unprecedented aspect of the ECB's decision, whether more rate cuts are to come, how events in Europe may have impacted this decision and more.
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In this episode of Current Account, Clay recaps a variety of recent and important elections across the globe. The episode includes results and implications from elections in Mexico, India and South Africa, and how President-Elect Claudia Sheinbaum, Prime Minister Narendra Modi and the ANC Party, respectively, will respond to the results.
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In this episode of Current Account, Clay is joined by Rebecca Patterson, a globally recognized investor and economic researcher and former chief investment strategist with over 25 years of studying the intersections of politics and policy with financial markets, to discuss a variety of currency; namely the Yen, the Dollar and the Yuan. The discussion includes what developments the Japanese government has made around monetary policy, reason and impact of the Dollar's recent rise, the decline of the Yuan and what the ripple effects are, the impact of the upcoming U.S. Presidental Elections and much more.
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