FCA CEO: ‘We will not target EU equivalence deal at any cost’ May 6, 2021 The City regulator’s new CEO has said it will not target an EU equivalence deal for the City of London “at any cost”, although he admitted not securing a deal could see consumers offered reduced choice in some financial markets. In a speech delivered to the Association of Foreign Banks today, CEO Nikhil Rathi said [...]
Childcare and chores leave professional women burned out during pandemic May 19, 2021 Female professionals in the UK have suffered a huge hit to their work-life balance during the pandemic, with many feeling burned out after juggling childcare, housework and heavy workloads for the last year. Research by Deloitte quizzed 5,000 women in 10 countries, including 500 white-collar women in the UK, and found the pandemic and subsequent [...]
Premier Oil appoints new finance chief to helm Chrysaor merger January 25, 2021 Premier Oil has appointed a new finance chief who will join the firm upon the completion of its merger with fellow oil explorer Chrysaor. Alexander Krane, a 20-year industry veteran, will join the newly-minted Harbour Energy from 15 April. He replaces Richard Rose, who will step down from the role of interim chief executive and [...]
UK inflation climbs to 0.7 per cent in March April 21, 2021 The UK’s Consumer Prices Index (CPI) rose to 0.7 per cent in March, from 0.4 per cent in February, official ONS figures showed this morning. CPI was boosted by rising fuel costs and clothing but was partially offset by falls in the price of food. The ONS said prices charged by manufacturers rose by 1.9 [...]
Cutting edge tech rarely sits still, so why is ESG slowing things down? November 2, 2022 Dr Chris Kacher turns his attention to energy consumption in world economics and what effect ESG is having on progress.
A third of bosses think working from home has boosted productivity April 1, 2021 A third of UK employers have said that working from home has boosted the productivity of their employees, according to a study published today. The attitude towards remote working has grown more positive over the last year, as only 28 per cent of bosses supported the new work style in June, the Chartered Institute of [...]
KPMG UK introduces new audit structure but falls short of full separation May 16, 2019 Big Four firm KPMG said today it was introducing a new structure to move its audit arm away from the rest of its UK business, but falling short of a full separation. The move follows a report from the Competition and Markets Authority which called for a separation of audit from consulting services after a [...]
Decentralised open source protocols = freedom January 8, 2023 Dr Kacher explains how Web3 enables decentralised DAOs which offer open source protocols that are funded by DAOs and NFTs.
Watchdog slaps KPMG with £6m fine over insurance audit April 30, 2019 A financial watchdog has stung KPMG with a £6m fine and “severely reprimanded” the auditor after finding fault with how an insurance audit was conducted. Read more: KPMG examining audit spin-off in wake of damning report from MPs KPMG must also carry out an internal review following the Financial Reporting Council’s (FRC) findings, which relate [...]
Shortages are a devilish dance with Covid and Brexit September 28, 2021 There’s an old cartoon that has Satan outside a church, crying. A passer-by asks him what’s wrong and he responds “They blame me for everything in there!”. For the past 18 months, Covid has been the folk devil of almost every business issue. Look at what’s happening now, with fears of a further “winter of [...]