In the post-crisis scenario, monitoring the interconnectedness of traditional and shadow banks has been a major focus of international supervisors. Despite much improvement, the tools put in place to monitor shadow banking activities might not suffice to shed a proper light on the risks we are running.
READ MORERio won the honour to host the Olympic Games on the idealistic promise it will leave a “sustainable legacy”. There is, however, a distinct difference between the ideal and the reality when the Olympic Sustainable Management Plan fails to combat the booming Brazilian illegal wildlife trade. The international community are on one hand promoting Rio as green, but on the other accepting their contribution to what the UN has recently found to be ‘an unprecedented threat to wildlife’ by allowing Rio to host the world’s biggest international sporting event.
READ MOREThe ongoing refugee crisis in Europe is threatening to unravel the very fabric of EU integration. It played a decisive role in determining the outcome of the ‘Brexit’ vote, and has sown the seeds of discord across the EU. To prevent further disintegration, the Union must develop a coherent and comprehensive migrant integration policy, and because it must do this amidst a strained political-economic climate, this will need to be a fine balancing act.
READ MOREComing from a Catholic country where 7 out of 10 doctors are conscientious objectors, I followed the debate on abortion in Poland with passion, and hope. Hope for the protest of 30.000 people who went out onto the streets in early October, and managed to save Polish women from what felt like a medieval backlash.
READ MORETo get Japan out of its gloomy economic situation that now has lasted for the past 20 years, the country Prime minister devised a new strategy which consists of three pillars: monetary, fiscal and structural reforms. The monetary and fiscal actions of the “Abenomics” received a lot of attention from the international media. On the other hand, the structural reforms went completely unnoticed, although these may be the real factors needed to save Japan’s economy, as ignoring them helped the country’s economic fall from grace.
READ MOREMaldives is now the poster-child for the consequences of climate change. Global warming will almost certainly lead to the demise of these islands which are predicted to submerge in thirty years’ time. Disappearing into the rising sea, it will become the first country having to relocate all its population as refugees due to global climate change.
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