Date of the event: March 1st 2018
Venue of the event: London

From Brexit to Donald Trump and now in elections across Europe, a wave of populism is sweeping the Western world. Subdued investment and tech-driven automation threaten millions of jobs the world over, suggesting that the income inequality which has fuelled popular discontent may yet continue to grow. Is globalisation failing the people who need it most?

Chaired by Zanny Minton Beddoes, editor-in-chief of The Economist, The Global Agenda will bring together chief executive officers, entrepreneurs and leaders from politics and civil society for a frank discussion. Can business be a catalyst for a more inclusive brand of capitalism?

Speech by Peter Praet, Member of the Executive Board of the ECB, at the Council of the European Union, Brussels, 29 January 2018

The federal tax overhaul put in place by Republicans has produced an unusual show of bipartisanship now that tax season is here: We are a nation united in befuddlement.

One bit of confusion to dispel quickly: The changes don’t affect taxpayers for the 2017 filing season, which officially begins Monday when the Internal Revenue Service accepts its first returns. That’s news to about 41 percent of the 2,000 Americans recently surveyed by tax prep chain Jackson Hewitt—they thought the tax law President Donald Trump signed on Dec. 22 would affect their filings this season (among millennials, it was 50 percent).

Finance is hopelessly prone to wild cycles. When an economy is purring, profits go up, as do asset values. When credit is easier to obtain, spending goes up and the boom intensifies. Eventually perceptions of risk shift, and tales of a "new normal" gain credence: new technologies mean profits can grow forever, or financial innovation makes credit risk a thing of the past.  But as asset prices fall, banks grow stingier with their loans. Firms feel the pinch from falling sales, get behind on their debts and workers, who get behind on theirs. The desperate sell what they can, so asset prices tumble, worsening the crash.

Vice Chairman for Supervision Randal K. Quarles
At the American Bar Association Banking Law Committee Annual Meeting, Washington, D.C.

The RCIFS has initiated development of the book “The Transformation of Accounting Systems in Different Countries under the Influence of Convergent Processes” in cooperation with LLC “Consulting Publishing Company “Business Perspectives” and Kozmenko Science Publishing.