As part of our ongoing efforts to improve our product offering and trading experience for our users, we have recently implemented a series of reductions to our Base Maintenance Margin requirements. The latest reduction set the flagship XBT and ETH contracts to 35bps and 70bps respectively, both amongst the lowest available rates in the market. Recent price activity and subsequent rise in volatility has made it more important than ever for traders to understand the risks they face when trading…
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The pandemic is highlighting the importance of investing in early-stage science and technology, backed by unique research IP On a dreary London evening in early March, Griff Williams, CIO of Milltrust International’s British Innovation Fund, received an urgent call from Professor Andrew Shaw. Shaw, a Physical Chemistry Professor at the UK’s University of Exeter and founder of Attomarker Limited, wished to discuss how Attomarker could deploy its patented, cutting-edge diagnostics technology towards developing a rapid antibody test for Covid-19. “As…
2020 is the Year of Rat, the first of the twelve Chinese animals, signifying the start of a new cycle. 2020 is also the first year of a new decade. Yet 2020 will more likely be remembered as the year of the pandemic, as Covid-19 halted the global economy so drastically and so abruptly. Although many areas of the developed world have entered a phase of “lockdown exit”, the second half of 2020 may not prove to be a smoother…
Author: Maarten Roos While some may continue to see China as a country where “anything is possible”, there is no denying that the Chinese government has been trying to create a more compliant business environment. The initiative with the biggest impact long-term may well be the introduction of a social credit system (SCS): every entity in China will be assigned a social credit score to reflect its legal compliance. Currently still consisting of a patchwork of different geographical and functional systems, one…
By An Kelles, Director – Greater China, Jersey Finance Asian investors have been looking for jurisdictions that can offer expertise, stability with no regulatory, legal or economic surprises. If ever there was an opportunity for fund jurisdictions to distinguish themselves, the start of 2020 is a defining moment with the outbreak of the COVID 19 crisis and the EU Council decision to add the Cayman Islands to its tax haven blacklist. In Jersey, our funds services businesses have shown strong resilience…
The OECD will host the Secretariat of the new Global Partnership on AI (GPAI), a coalition launched today that aims at ensuring that Artificial Intelligence is used responsibly, respecting human rights and democratic values. Arrangements for the OECD’s role as host will be finalised in the coming days. The GPAI will bring together experts from industry, government, civil society and academia to conduct research and pilot projects on AI. Its objective, as set out by founding members Australia, Canada, the…
The unprecedented socio-economic crisis resulting from the COVID-19 pandemic calls for unparalleled multi-sectoral responses. ESCAP has developed a framework to support the socio-economic response of Asia and the Pacific to the COVID-19 pandemic. The framework’s overarching principle supports building back better through integrated policies aligned with the Sustainable Development Goals. ESCAP’s offer to member States builds on its mandates and involves three main streams of work: protecting people and enhancing resilience; supporting economic recovery; and restoring supply chains and supporting…
This Policy Hackathon is organized as part of a United Nations Initiative on Model Provisions for Trade in Times of Crisis and Pandemic in Regional and other Trade Agreements, in collaboration with ARTNeT, WTO, CUTS and other organizations from civil society, academia and the private sector. In support of “building back better” after COVID-19, this Policy Hackathon aims to gather relevant inputs from all interested stakeholders from government, academia, civil society and private sector to support the development of provisions that could…
The economic fallout of COVID-19 has severely dampened growth in EAP, significantly hindering poverty reduction efforts. The slowdown in the region is led by sharp decline of economic activity in China. China’s GDP shrank 6.8% yoy in Q1 2020, the first quarterly contraction 1976. According to the World Bank, China’s GDP is expected to slow to 2.3% in 2020 from 6.1% in 2019. Global containment measures have significantly reduced economic activity, amplifying the impacts on EAP economies through a collapse…
These articles form part of a series in which OECD experts and thought leaders from organisations like PBEC – from around the world and all parts of society – address the COVID-19 crisis, discussing and developing solutions now and for the future. It aims to foster the fruitful exchange of expertise and perspectives across fields to help us rise to this critical challenge. Opinions expressed do not necessarily represent the views of the OECD. Older adults are most at risk, but the level…