In this episode of Current Account, Clay is joined by Andreas Kluth, an opinion columnist for Bloomberg covering US diplomacy, national security and geopolitics, to discuss the ongoing political and economic developments in Germany. Clay and Andreas dive into how and why the coalition government recently collapsed, the accelerated election timetable over the next few months, explain the "debt brake" and how it ties into recent economic stagnation, Germany's role within the European Union...

In this episode of Current Account, Clay dives into the long-awaited results of the 2024 U.S. Presidential Elections, which saw Republican nominee and former President Donald Trump secure his second term at helm, focusing on the economic strategy and fiscal policy implications of this outcome. Clay begins with the initial reaction to not only the outcome of the Presidential election, but the outcomes of the House and Senate races as well. For the remaining duration of the episode, Clay dives...

In this episode of Current Account, Clay is joined by IIF Economist Jonathan Fortun to discuss recent economic and political developments in Japan. Clay and Jonathan discuss a brief overview of the recent series of elections in Japan, before diving into the Bank of Japan's recent measures, how recent events may impact international relations, the recent pattern of coalition governments in major economies and more.

In this episode of Current Account, Clay gives a live report from the 2024 IIF Annual Membership Meeting, with the help from a handful of IIF Staff members. Clay first reviews major themes, takeaways and discussions, including remarks from U.S. Department of the Treasury Secretary Janet Yellen, before handing it off to his colleagues: Melanie Idler, an Associate Policy Advisor for Regulatory Affairs, covers the Regulation-steered portions of the meetings, Raymond Aycock, Senior Research...

In this episode of Current Account, Clay is joined by IIF's President and Chief Executive Officer Tim Adams to preview the 2024 IIF Annual Membership Meeting, taking place in Washington, D.C., from October 22-25. Clay and Tim look ahead at many topics that stand to be at the forefront of discussion, including thoughts and effects surrounding current geopolitical risks, the state of emerging markets and the global state of debt, implementation of emerging technologies such as artificial...

In this episode of Current Account, Clay revisits the upcoming Presidential Elections in the United States, this time with an eye on key policy themes and implementation from the two major party nominees: Current Vice President Kamala Harris (Democrat) and former President Donald Trump (Republican). The episode dives into where the race stands to date, how Congressional elections will impact either President-elect, the upcoming personnel decisions for the next sitting President, the proposed...

In this episode of Current Account, Clay is joined by IIF's Sonja Gibbs, Managing Director of Global Policy Initiatives and Head of Sustainable Finance, to recap an eventful New York Climate Week. Clay and Sonja talk about the major themes surrounding this year's meetings, including balancing a Brown vs Green transition strategy, the role of private and public funding in decarbonization efforts, how various jurisdictions approach reporting standards and impacts of EU's Corporate...

In this episode of Current Account, Clay is joined by Giovanna Faggionato, a reporter for Politico Europe who has extensive experience covering competition, to discuss the recent report given by former Italian Prime Minister Mario Draghi. Clay and Giovanna discuss the report's key themes and takeaways, focused on a plan to make the European Union more competitive economically. They discuss why Draghi was the author of this report, how he proposes to close the competition gap between the EU...

In this episode of Current Account, Clay is joined by IIF's Andrés Portilla, Managing Director of Regulatory Affairs and Richard Gray, Director of Prudential Policy, to revisit the topic of Basel III implementation. The podcast covers how the United States Federal Reserve may look to repropose implementing Basel III, what metrics are being suggested in the reproposal process, the shifting implementation timeline, thinking of how other jurisdictions may monitor the Federal Reserve's process,...

In this episode of Current Account, Clay is joined by IIF's new Chief Economist and Managing Director, Marcello Estevão. Marcello joins the IIF with a plethora of experience in the financial industry, including stints at the World Bank, IMF, U.S. Federal Reserve Board, G20 Deputy for Brazil and many more. Clay and Marcello discuss a number of global economic topics at the macro level, including an update on the Federal Reserve and their probable rate cuts, current status of central banks in...

In this episode of Current Account, Clay is joined by Gregory Daco, Chief Economist at EY, to discuss recent developments in the U.S. economy, including recapping the recent market volatility and the reasoning behind it, impact and potential inflationary measures on the economy moving forward, upcoming decisions for the Federal Reserve, forecasting the future of the dollar and more.

In this episode of Current Account, Clay gives an update on the upcoming United States Presidential Elections on November 5th, following a number of developments in recent weeks. Clay discusses the impact of a variety of unprecedented events, including the attempted assassination of former President Donald Trump, sitting President Joe Biden backing down from seeking a second term in office, how current Vice President and presumptive Democratic nominee Kamala Harris will approach both picking...

In this episode of Current Account, Clay is joined by Daniel Tannebaum, a Partner and Global Anti-Financial Crime Practice Leader at Oliver Wyman and Senior Fellow at the Atlantic Council, to provide a sanctions update amid the recent United States’s Office of Foreign Assets Control (OFAC) escalation of the December 2023 sanctions package on Russia. The episode begins with an explanation of what the new escalation package entails, before discussing the approaches of the G7 lending plan, the...

In this episode of Current Account, Clay is joined by Guillaume de Calignon, a Journalist at Les Echos - a French financial newspaper headquartered in Paris - to discuss the results and implications of the recent French snap elections. Clay and Guillaume discuss why President Macron called for the elections, the results leading to a coalition government, impact it may have on French economic policy, weighing investor and public uncertainty around the current government landscape, how this...

In this episode of Current Account, Clay is joined by Marcelo Carvalho, Global Head of Economics at BNP Paribas CIB, to discuss the recent decision by the European Central Bank (ECB) to cut interest rates. The episode includes discussing the thought process by the .25% rate cut, an unprecedented aspect of the ECB's decision, whether more rate cuts are to come, how events in Europe may have impacted this decision and more.

In this episode of Current Account, Clay recaps a variety of recent and important elections across the globe. The episode includes results and implications from elections in Mexico, India and South Africa, and how President-Elect Claudia Sheinbaum, Prime Minister Narendra Modi and the ANC Party, respectively, will respond to the results.

In this episode of Current Account, Clay is joined by Rebecca Patterson, a globally recognized investor and economic researcher and former chief investment strategist with over 25 years of studying the intersections of politics and policy with financial markets, to discuss a variety of currency; namely the Yen, the Dollar and the Yuan. The discussion includes what developments the Japanese government has made around monetary policy, reason and impact of the Dollar's recent rise, the decline...

In this episode of Current Account, Clay is joined by IIF's Managing Director of Digital Finance, Jessica Renier, to discuss developments in artificial intelligence and the implications for the financial sector. Clay and Jessica discuss key takeaways from expert discussions during the recent IMF/World Bank Spring meetings, implementation strategy for A.I. in the financial industry, how the relationship between A.I. and data may alter internal strategy, current and upcoming challenges, how the...

In this episode of Current Account, Clay gives an update on the economic state of China. Topics include China's better-than-expected growth to begin 2024, adapting a new growth model and its implications, the economic impact of advancements in the energy industry, international ripple effects of China's monetary decisions, the potential path forward and more.

In this episode of Current Account, Clay is joined by IIF President and CEO Tim Adams to preview the 2024 IMF/World Bank Springs in Washington. Tim and Clay discuss the unique aspects of this iteration of the meetings, key themes and talking points, how crucial industry topics such as Artificial Intelligence, Sustainable Finance and Geopolitics will influence discussion, high-level speakers in Washington and more.

In this episode of Current Account, Clay is joined by IIF's Sonja Gibbs, Managing Director and Head of Sustainability, to discuss recent legislative actions in the New York State Senate around a proposed bill on sovereign debt. Sonja and Clay discuss the contents of the bill, titled the "Sovereign Debt Sustainability Act," the overall impact of the bill should it be passed, industry reaction to the proposition, potential beneficial next steps and more.

In this episode of Current Account, Clay revisits the banking turmoil of March 2023 and its lessons learned. The episode incudes a breakdown of how the turmoil began, including the incidents involving firms such as SVB and Credit Suisse, what the landscape looks like one year later, what impact these specific situations may have analyzing risk and supervision, future implications of the turmoil and more.

In this episode of Current Account, Clay is joined by IIF's Martin Castellano, Head of Latin America Research, to discuss the present economic state of Mexico and the upcoming Mexican Presidential Elections after recently returning from an investor trip to the country. The discussion includes overall trends in Mexico, explaining the situation around offshoring and its implications, what the outlook for the upcoming elections might be, the role of Mexico in relations between the U.S. and...

In this episode of Current Account, Clay is joined by IIF's Director of Sustainability Research, Emre Tiftik, to give an update on the current state of global debt. The podcast includes discussion on predominant trends on the current tally of over $310 trillion of global debt, outlook for the debt landscape in 2024, impact of geopolitics on debt, the concept of the United States being "the world's largest emerging market," funding strategy for climate finance, debt restructuring approaches...