The Basel Committee on Banking Supervision (BCBS) has recently agreed on a new set of rules with more restrictive requirements for the banking sector. These provisions will force European banks to converge to standardised risk-weighting of their assets by 2027 and should create better harmonisation of international capital requirements.
READ MOREKubrick’s 1964 film Doctor Strangelove portrays the devastating impact of a Soviet doomsday device. Programmed to automatically wipe out all human life if any nuclear attack would have struck the nation, the curious construction showed great diplomatic potential. Annoyed as to why the Soviets had kept the device a secret, Doctor Strangelove ranted to the Soviet Ambassador: “The whole point of the doomsday machine (deterrence) is lost if you keep it a secret. Why didn’t you tell the world?”As described by William McNeill in his book The Pursuit of Power, technological and military advances have a fundamental effect on global international relations.Yet these type of developments can only reach a certain level, before edging towards irreparable damage.
READ MOREThe discourse at the international level has largely ignored gendered aspects and responses to climate mitigation issues. Several studies have proved that climate change has adverse impacts on the disadvantaged and poverty stricken groups, women being most affected amongst them.
READ MOREA reform of trade and investment agreements has been undergoing over the past ten years. While these agreements used to focus solely on facilitating the movement of goods and capitals, their scope is wider today and covers contemporary issues. The European trade policy also evolved and gave birth to a new-generation of free-trade agreements such as the ones concluded with Singapore, Canada or Vietnam. Several factors drove this wave of reform towards a more comprehensive approach to trade and should lead to further improvements.
READ MOREBiofuels have been a matter of conflict in the EU policy agenda. Until recently, the EU had an “unlimited” biofuel production policy which was heavily criticised by NGOs like Oxfam, Greenpeace or political faces like the Green Party of the European Parliament. But not all biofuels deserve their criticism.
READ MOREThe preferential treatment granted by Ireland effectively configures as state aid, a practice which is not only incompatible with the internal market principles of free competition and non-discrimination, but also unethical.
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