Insights

Dear Clients, The final weeks of the year usually require us to look to the new calendar and offer some thoughts on what we might see as some of the risks or political undercurrents that might define 2022. PRS has never really offered a formal ‘top ten list’ of geopolitical risks for the Read Entire Entry

Dear Clients, As we all know, there are many unknowns surrounding the new Omicron strain that appears to be spreading globally. Early indications suggest that it is more transmissible, yet there is little known about its severity and to what extent it poses a real threat to public health. So far, Read Entire Entry

Dear Clients, One of the major developments this week on the international stage is the COP26 summit in Glasgow. As is well known, the summit is designed to bring together parties to accelerate collective action towards the goals of the Paris Agreement and the UN Framework Convention on Climate Read Entire Entry

Dear Clients, Towards the end of last year, I was asked about some of the political risks that we should be aware of as 2021 unfolds. Forecasts, as it were. The query came alongside the annual ‘top ten’ lists that some risk firms offer for the coming 12 months. The pandemic was in full swing, Read Entire Entry

Dear Clients, At first glance – and given the media treatment of the events in Afghanistan over the past several weeks – the trajectory of political risk in that country doesn’t appear to be too promising. Indeed, since most in the political risk business today were far too young to be Read Entire Entry

Dear Clients, A question I’m asked increasingly often is whether we see any real risk of increased sovereign defaults on the near-term horizon.  Much of what underlies the query rests on the now well-known precept that debt moratoria are often just as politically motivated as they are about Read Entire Entry

Dear Clients, During client calls and sometimes in conversation about the influence of political risk on investments, I’m asked about the real or measurable impact of adverse effects of politically motivated actions.  Not the esoteric stuff of the ‘talking head’ crowd about, say, the Read Entire Entry

Dear Clients, The distinction between political risk in developed versus emerging or frontier markets began to blur some two decades ago (arguably with 9-11) and has become even less marked over the past decade with such events as the Brexit vote and the election of Donald Trump in the US.  As Read Entire Entry

Dear Clients, At PRS – and especially so in the ICRG – we are constantly looking at geopolitical risk from a range of perspectives, quantifying the impact of key events, and delineating emerging trends. Our methodology compels us to appreciate and to convey to our clients how our risk metrics Read Entire Entry

Dear Clients, As I suggested several months ago in a previous client letter, it wouldn’t be too long before inflationary concerns took hold in much of the public and professional discourse given rising treasury yields, questionable equity valuations, and the trajectory of various asset classes, Read Entire Entry