Day: May 27, 2024

ICYMI: Foreign ministers confident of agreement to use bank assets as security for Ukraine reconstruction loan

Hopes of a multi-country deal to use $300bn of Russian state assets frozen in the European banking system to support Ukraine have grown after it emerged that G7 ministers were confident of overcoming technical and political obstacles at a meeting in northern Italy on Saturday.

The Canadian finance minister, Chrystia Freeland, said she was optimistic that G7 leaders would reach an agreement, as support coalesced around a plan to use frozen Russian central bank assets as security for a $50bn (£39bn) loan. Continue reading…
http://dlvr.it/T7RLP6

My husband John Adams, emeritus professor of geography at University College London, who has died aged 85, was one of the first academics to rigorously explore the field of risk, bridging the divide between data-driven and psychological approaches. “Risk management – it’s not rocket science,” he would say. “It’s more complicated.”

He produced groundbreaking work on road safety and expanded the concept of ‘risk compensation’ – a theory that suggests people adjust their behaviour in response to perceived levels of risk. Continue reading…
http://dlvr.it/T7RL3J