This quarterly publication will bring together the best experts and thought leaders in the European financial services industry who will discuss the salient issues of today and the evolving trends of tomorrow.
Our minds are now thinking of the summerly pleasures of picnics and festivals but the war in Ukraine is also so ever present in our thoughts.
We have not seen such a land incursion since World War II, and this confirms to us how fragile peace and order is to maintain. We are now entering a period of instability, and disorder in Europe and beyond with the Ukraine situation just one tentacle on the octopus of war. The other tentacles are working either in step or as a cause of the war to inflict the maximum societal and economic pain on us.
Covid-19, like the insect at your picnic, will not go away, and remains a formidable force disrupting our daily lives and economic prospects. Inflation is now firmly entrenched and may become very sticky as worker wage demands spike leading to a vicious cycle of never really getting ahead. With this high inflation, monetary tightening is required causing higher interest rates and higher debt servicing costs. Energy prices are also soaring with supply continuity becoming a major threat. The markets are reading these negative signals and correcting into a bear market making retirement for many a longer wait.
These volatile markets and the challenging macro environment are making your jobs very difficult to serve your clients, but we hope the information in this edition will help you bring order to the financial outlook of your clients. Such articles as: