UK judgment ‘victory for rule of law’, Lagarde’s challenges over ECB revolt, and the RBI’s waning independence

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UK PM Boris Johnson

UK judgment ‘victory for rule of law’, Lagarde’s challenges over ECB revolt, and the RBI’s waning independence


Latest opinion and analysis from OMFIF around the world

23-27 September 2019, Vol.10 Ed.39
Most-Read Commentary
UK judgment ‘victory for rule of law’: The UK supreme court ruling that the government’s decision to suspend parliament was unlawful is a decisive moment not just for Britain’s political parties and the process of leaving the EU. The stunning blow to the legitimacy and reputation of Prime Minister Boris Johnson has much wider ramifications, writes David Marsh.

RBI’s waning independence: Last month the Reserve Bank of India announced it would transfer the government Inr1.76tn (around $250m) from its dividend income and by drawing down its reserves, raising questions over the central bank’s independence, itself a relatively recent development, writes Meghnad Desai. Read more.


Lagarde’s challenge over ECB revolt: Christine Lagarde, who takes over from Mario Draghi as European Central Bank president on 1 November, brings a wealth of experience to confront coming challenges, including a revolt on the decision-making ECB council against Draghi’s easing policies, writes David Marsh. Read more.


Public pensions – The shift into private markets: Brian McMahon, managing director in BNY Mellon’s alternative investment services department, speaks with Pierre Ortlieb, economist at OMFIF. They discuss the shifting nature of public pensions and their changing asset allocations. Listen to the recording.


A Spad with influence: Dominic Cummings, the activist who has risen to prominence under Boris Johnson, is a special case among Westminster special advisers, renowned for his influence over the prime minister’s Brexit strategy. He has become an important ingredient of the political story, writes Brian Reading. Read more.

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