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Smart contracts are a core building block of decentralized applications, facilitating the execution of specified tasks (such as payments) based on predetermined business rules. They have had slow and limited adoption in the financial markets owing to key risks including technology issues (such as incorrect coding) and legal and regulatory ambiguities that make accountability difficult.
EU member states need to retain focus on reducing gas consumption in order to manage the upcoming winter, which still has the potential to become more difficult, a senior European Commission official said Sept. 21.
Speaking during a Eurogas webinar, EC head of unit at the energy directorate Monika Zsigri warned against complacency despite the series of measures the EC has introduced to ensure winter supply security.
"As the heating season approaches, we still need to look at demand reduction," Zsigri said. "If extra supplies are difficult to obtain due to the global situation on gas supply, we have to look at demand," she said.
"The situation for this winter is manageable, but it can become more difficult so we cannot be complacent. More remains to be done to increase our resilience further," she said.
Significant cuts in Russian gas supplies have left Europe short on gas, pushing prices to record highs in recent months.
The private debt market has grown tenfold in the past decade with assets under management of funds primarily involved in direct lending surging to $412 billion at end-2020—spurred in part by investors’ search for higher yield.
As high inflation continues to affect economies worldwide, the global steel market is feeling the effects. Demand for the metal has dipped, and some countries—including China—are expecting potential output reductions.
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