Minutes of the Securities Lending Committee meeting – March 2026
The Securities Lending Committee is a forum for market participants and authorities to discuss the UK securities lending market.
ND snared in row over jobless benefits as Kasidiaris hints at return after prison release
The government’s efforts to promote the measures Prime Minister Kyriakos Mitsotakis set out recently at the Thessaloniki International Fair, while trying to also pick apart those put forward by its main opponents – PASOK and ELAS – suffered a setback this week due to a self‑inflicted controversy over unemployment benefit.
North Sea drilling is a distraction: low-carbon transition hinges on prioritising people and jobs
Oleksii Sidorov/ShutterstockKeeping global temperatures within safe limits is incompatible with new fossil fuel extraction, as stated by the International Energy Agency. This should be reason enough to oppose any new North Sea extraction of fossil fuels.
AI is supercharging money scams – here’s what you can do to protect yourself
Financial losses caused by AI fraud are skyrocketing, especially among adults over 60. Volodymyr Hryshchenko on UnsplashThe phone rings, and it’s your grandson’s shaken voice. There’s been an accident, he says, and he needs money before anyone finds out. Except it isn’t him.
Employers look for resilient staff – then leave them to burn out
Workers are often tested beyond their limits and require strong resilience Dragana Gordic / Shutterstock“Resilience” is in danger of becoming a casualty of business buzzword bingo, but we know it matters.
Growth of wages index slows to 3.9% YoY in Q2
Greece’s seasonally adjusted (SA) Wages Index slowed in Q2 with growth of 3.9 percent year-on-year (YoY), from 6.6 percent in the previous quarter, Hellenic Statistical Authority (ELSTAT) figures showed on Monday.
How to build climate-resilient transport systems
Pasha Smith/ShutterstockExtreme weather frequently causes major disruptions in UK transport and energy systems. Heavy snowfall often leads to school closures, roads grinding to a halt, rail services and flights severely disrupted or cancelled and even power cuts.
Fiscal policy and sectoral spillovers in open-economy HANK
Government spending falls disproportionately on non-tradable services. We show empirically that government spending shocks stimulate private consumption along with sizable spillovers to the goods sector and a relative decline in goods prices. We rationalize these findings with a two-sector open-economy HANK model. Uninsurable income risk and precautionary savings lead to a persistent income-driven expansion in private consumption. In the tradable sector, import intensity and limited labor reallocation dampen wage pass-through to prices, matching observed co-movements.
DeFi-ying the Fed? Monetary policy transmission to stablecoin deposit rates
Does the Federal Reserve’s monetary policy influence the rates on USD-pegged stablecoins? While major stablecoin issuers do not pay interest, investors can earn returns by depositing stablecoins in Decentralized Finance (DeFi) protocols. We document unusually large and persistent spreads between traditional short-term interest rates and DeFi deposit rates, as well as a weak and unstable transmission of policy rate changes.
Fiscal policy and sectoral spillovers in open-economy HANK
Government spending falls disproportionately on non-tradable services. We show empirically that government spending shocks stimulate private consumption along with sizable spillovers to the goods sector and a relative decline in goods prices. We rationalize these findings with a two-sector open-economy HANK model. Uninsurable income risk and precautionary savings lead to a persistent income-driven expansion in private consumption. In the tradable sector, import intensity and limited labor reallocation dampen wage pass-through to prices, matching observed co-movements.
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