Events of 1971 ushered in the era of modern finance
Unclogging the pipes
Cheaper passive funds at one end of the market and alternative assets at the other echo the revolution in equities
Profound funding shift might contribute to huge investment needed for data centres, energy and reshoring of industry
A trend long associated with equity investing is now playing out in the bond markets
From the green transition to the digital transformation, the requirement is enormous
Leading players look to partner with banks rather than be their adversaries
Investors have been right to fret over the effects of proposed bank capital rule changes
Mid-sized asset managers likely to face competitive pressure as ‘debanking’ gathers pace
A flurry of launches offers clues to where investors think the next opportunities may lie
Banks will be far more sensitive to the threat of deposit flight and pay up for funding, tightening financial conditions
At stake is not just the type of token we use to pay for things but the structure of finance itself
There are lessons to be learnt from France’s pivot to nuclear in the 1970s
“I have fucking killed it. I knocked the cover off the ball in the financial world.”
Investors and policymakers should focus more on the greening of the grey industries
More specific view of how individual companies are tackling climate change will be needed
The story of how a low-cost means of investment democratised finance and perhaps even changed capitalism
Central bankers look at powerful tool to nudge financial system to address climate risks
Policymakers experiment to refresh parts of economy quantitative easing cannot reach
Wirecard scandal plus increased use of cards caused by Covid-19 leave no time to spare
The evidence that this policy tool works is too weak to justify the risks
Central bank must come up with timely and targeted package of measures
Parts of financial sector wish to diverge from EU, while some want to stay aligned
Regulators and activists are driving global warming concerns into the mainstream
