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The European Financial Review empowering communication globally JUNE - JULY 2021 4 Banking Petia Dimitrova: “Innovations give us the necessary energy to change banking” Interview with Petia Dimitrova, Chief Executive Officer and Chairperson of the Management Board of Postbank 13 Finance Creative Solutions Required As Stamp Duty Holiday Bottleneck Forms Paresh Raja 15 Sustainability Sustainable Mobility after the Pandemic Emma Saxena and Michael Palocz-Andresen 23 Financial Industry How The Covid-19 Pandemic Has Tested Finance Professionals In Entirely New Ways Arif Khurshed 25 Taxation New EU VAT Rules: How do they Affect Ecommerce Sellers? Ben Sztejka 27 Compliance The UK’s New Autonomous Sanctions Regime: What HNWIs Should Know Anna Bradshaw and Alistair Jones 32 Post-Brexit Cross-border commerce post-Brexit: Lost in translation? Augustin Prot 34 37 40 43 46 50 60 68 Internation Arbitration Time to reconsider? Post-Brexit, Now Is The Time For Banks And Financial Institutions To Re-Examine The Key Benefits Arbitration Offers To Resolve Disputes George Burn, Jane Parsons and Victoria Clark Policy The LIBOR Endgame: Risks And Potential Claims Cryptocurrency How Cyptocurrency Can Help Non-profits and Investors Thrive in the ‘New Normal’ Thomas Cauley Innovation Putting the ‘S’ in ESG with Design-Led Innovation Gilmar Wendt Workplace Distractions, Decisions and Domesticity: The Pleasures and Pitfalls of WFH Adrian Furnham Political Economy The Study of International Political Economy Kalim Siddiqui Commentary Playing Genocide Politics: The Zenz-Xinjiang Case Dan Steinbock Development Planned economies destroy the environment more than any other system Rainer Zitelmann 71 How The World Got Rich Rainer Zitelmann Production & Design: Angela Lamcaster Print Strategy: Stefan Newhart Production Accounts: Lynn Moses Editors: Elenora Elroy, David Lean Group Managing Editor: Jane Liu Editor in Chief: The European Financial Review Publishing Oscar Daniel READERS PLEASE NOTE: The views expressed in articles are the authors' and not necessarily those of The European Financial Review. Authors may have consulting or other business relationships with the companies they discuss. The European Financial Review: 3 - 7 Sunnyhill Road, London SW16 2UG, Tel +44 (0)20 3598 5088, Fax +44 (0)20 7000 1252, info@europeanfinancialreview.com, www.europeanfinancialreview.com No part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, or any information storage and retrieval system, without written permission. Copyright © 2021 EBR Media Ltd. All rights reserved. ISSN 1757-5680 empowering communication globally

The European Financial Review empowering communication globally

JUNE - JULY 2021

4

Banking Petia Dimitrova: “Innovations give us the necessary energy to change banking” Interview with Petia Dimitrova, Chief Executive Officer and Chairperson of the Management Board of Postbank

13

Finance Creative Solutions Required As Stamp Duty Holiday Bottleneck Forms Paresh Raja

15

Sustainability Sustainable Mobility after the Pandemic Emma Saxena and Michael Palocz-Andresen

23

Financial Industry How The Covid-19 Pandemic Has Tested Finance Professionals In Entirely New Ways Arif Khurshed

25

Taxation New EU VAT Rules: How do they Affect Ecommerce Sellers? Ben Sztejka

27

Compliance The UK’s New Autonomous Sanctions Regime: What HNWIs Should Know Anna Bradshaw and Alistair Jones

32

Post-Brexit Cross-border commerce post-Brexit: Lost in translation? Augustin Prot

34

37

40

43

46

50

60

68

Internation Arbitration Time to reconsider? Post-Brexit, Now Is The Time For Banks And Financial Institutions To Re-Examine The Key Benefits Arbitration Offers To Resolve Disputes George Burn, Jane Parsons and Victoria Clark Policy The LIBOR Endgame: Risks And Potential Claims Cryptocurrency How Cyptocurrency Can Help Non-profits and Investors Thrive in the ‘New Normal’ Thomas Cauley Innovation Putting the ‘S’ in ESG with Design-Led Innovation Gilmar Wendt Workplace Distractions, Decisions and Domesticity: The Pleasures and Pitfalls of WFH Adrian Furnham Political Economy The Study of International Political Economy Kalim Siddiqui Commentary Playing Genocide Politics: The Zenz-Xinjiang Case Dan Steinbock Development Planned economies destroy the environment more than any other system Rainer Zitelmann

71

How The World Got Rich Rainer Zitelmann

Production & Design: Angela Lamcaster Print Strategy: Stefan Newhart Production Accounts: Lynn Moses Editors: Elenora Elroy, David Lean Group Managing Editor: Jane Liu Editor in Chief: The European Financial Review Publishing Oscar Daniel READERS PLEASE NOTE: The views expressed in articles are the authors' and not necessarily those of The European Financial Review. Authors may have consulting or other business relationships with the companies they discuss. The European Financial Review: 3 - 7 Sunnyhill Road, London SW16 2UG, Tel +44 (0)20 3598 5088, Fax +44 (0)20 7000 1252, info@europeanfinancialreview.com, www.europeanfinancialreview.com No part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, or any information storage and retrieval system, without written permission. Copyright © 2021 EBR Media Ltd. All rights reserved. ISSN 1757-5680

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