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Around the world, wealth taxes have become a major topic of political debate. Proposals for a supranational wealth taxA wealth tax is imposed on an individual’s net wealth, or the market value of their total owned assets minus liabilities. A wealth tax can be narrowly or widely defined, and depending on the definition of wealth, the…
To counter major cyber threats, Danmarks Nationalbank is pioneering an offline emergency payment system. This article appears in the July/August issue of Global Finance Magazine. Danmarks Nationalbank, the Danish central bank, has launched a financial systems security project to establish a Dormant Emergency Bank (DEB) to serve as a robust reserve bank in the event…
Bank of England (BoE) Governor Andrew Bailey said on Friday that he doesn’t see significant second-round inflation effects in the UK, in an interview with Bloomberg TV at the Jackson Hole Symposium. Bailey stated, “We’re seeing quite subdued second-round effects, I think we’ve seen a softening labour market for some time now,” suggesting that he…
Strategic liquidity and the latest technology are fueling digital transformation. Modern treasury management is undergoing a profound digital transformation. As corporate finance teams navigate increasing geopolitical complexity, volatility, and the need for instantaneous decision-making, the role of their banking and technology partners has shifted. No longer just providers of standard transaction services, these institutions are…
News release UK financial firms can adopt tokenisation and distributed ledger technology (DLT) with greater confidence, as the Financial Conduct Authority (FCA) and the Bank of England set out a shared vision and seek industry views on the future of UK wholesale markets. Tokenisation is the process of creating a digital representation of a…
By Ian Hall on 19/08/2026 | Updated on 19/08/2026 Cybersecurity: the G7 Cyber Expert Group’s 2026 cross-border coordination exercise simulated a large-scale cyber-attack across all G7 jurisdictions. Photo by Tima Miroshnichenko via Pexels The US Department of the Treasury is looking to “deepen practical cooperation” in cybersecurity across the G7 jurisdictions when it assumes the…
