City banks’ risk management systems criticised by Bank of England January 10, 2023 The Prudential Regulation Authority (PRA) today criticised City banks’ approach to risk management despite “regular messaging” on the issue. In a letter sent to bank executives in the City, the Bank of England’s regulatory arm set out its priorities for the New Year. Top of the list for regulators was financial resilience, in particular “deficiencies [...]
IEA: Global energy-related CO2 emissions rose to record highs in 2022 March 2, 2023 Global energy-related emissions of carbon dioxide hit a record high last year, the International Energy Agency (IEA) revealed today.
Cleverly says China has threatened key UK institutions in lead up to major speech December 11, 2022 James Cleverly has warned that China has threatened a number of the UK’s key institutions in the lead up to his first major speech as foreign secretary. Cleverly today said “China has threatened a number of those foundation stones that we feel are important”, while also maintaining that Britain needs to cooperate with Beijing on [...]
ETFs for an uncertain world March 15, 2022 In the past decade, we’ve witnessed a global pandemic and we’ll likely see the fallout from climate change gather pace. Even economics is becoming more unpredictable, with most policy makers and economists being blindsided by the return of inflation to levels not seen in over 30 years. In such a world, investors may want to [...]
Sport sceptics might scoff but Paris Olympics and Euro 2024 really can lift our gloom January 1, 2024 Brands and marketeers take note: this is how you can capitalise in 2024.
Exclusive: Sceptical environmentalist Bjorn Lomborg on 50 years of misguided climate panic February 9, 2022 Bjorn Lomborg is President of the Copenhagen Consensus and Visiting Fellow at Stanford University’s Hoover Institution. His latest book is “False Alarm: How Climate Change Panic Costs Us Trillions, Hurts the Poor, and Fails to Fix the Planet.” Writing exclusively for City A.M. today, Lomborg zooms in on half a century of what has been, [...]
Climate change major concern for UK businesses, executives say January 20, 2020 Nearly two thirds of UK chief executives believe that climate change presents a threat to their business, with 25 per cent saying they are “extremely concerned” about the issue. According to PwC’s annual global survey of chief executives, UK business leaders now consider climate change more of a threat to business than populism, terrorism, protectionism [...]
Thames Water: Ofwat boss refuses to apologise for water industry debt crisis July 13, 2023 Ofwat’s former boss refused to apologise for allowing the water industry to rack up an eye-watering £65bn debt mountain.
Shadow energy secretary Ed Miliband ‘not aware’ Russia found oil and gas in Antarctic May 17, 2024 Ed Miliband has said he is “not aware” of the reports Russia discovered huge oil and gas reserves in the British Antarctic territories.
Pension schemes slammed for ‘thin and non-committal’ climate change policies February 6, 2020 Pension scheme trustees are failing to comply with their investment duties on climate change, according to a new report. The UK Sustainable Investment and Finance Association (UKSIF) found that only a third of a sample of trustees have complied with legal transparency requirements and is calling on the Pensions Regulator to carry out a review. [...]