How systemic risk is shaking the market’s foundations July 8, 2020 Adversity, like necessity, is the mother of invention. Firms are seeking novel ways to adapt to the challenges of Covid-19 and the likely increase of remote working even after the pandemic subsides. Some problems are easier to solve than others. In the easier category, new solutions are needed to replicate the spontaneous interactions that arise [...]
The idea that it is somehow grubby to care about the economy in the face of a global pandemic is nonsense July 8, 2020 Today, chancellor Rishi Sunak will make an announcement to the House of Commons about the shape of the government’s coronavirus support over the coming months. Sunak faces a tough choice as the country starts to open up while trying to keep infection rates as low as possible. There is no easy way out of the [...]
Funding the Next Wave of Tech Startups July 7, 2020 Blockchain technology and cryptocurrencies have had their fair share of ups and downs in the past few years and for many they remain a mystery, poorly understood, and even feared. But since the recent bubble and crash of 2017/2018 there have been three years of soul searching, greater regulatory scrutiny, and a great deal of [...]
WFH: Is it the death knell for offices? July 7, 2020 Some real estate investors believe the successful working from home experiment during this crisis will lead to a long-term decline in demand for offices. We think this is premature. One of the more mundane aspects of the coronavirus has been the sudden evacuation of offices and mass adoption of home working. In the US it [...]
Crypto AM shines its Spotlight on 01 Capital July 7, 2020 01 Capital is a London-based corporate finance boutique specialising in the digital asset sector. Our team’s foundation lies in traditional financial markets and investment banking, with much of the team coming from successful careers in M&A, capital markets and special situations at bulge bracket banks, hedge funds and top accountancy firms. We complement this with [...]
‘Utterly inadequate’: Experts slam watchdog’s Big Four audit split July 6, 2020 The audit watchdog’s move to force the Big Four accountancy firms to ring-fence their audit units has been condemned as a “cosmetic exercise” by industry experts. The Financial Reporting Council (FRC) today announced that the Big Four — PwC, Deloitte, KPMG and EY — must separate their audit and non-audit businesses by 2024 to ensure [...]
Watchdog orders Big Four to separate auditing units by 2024 July 6, 2020 The Big Four accounting firms — PwC, Deloitte, KPMG and EY — must separate their audit units from the rest of their businesses by 2024, the audit watchdog said this morning. The Financial Reporting Council (FRC) is asking the companies to agree to operational separation by June 2024 to ensure their audits “do not rely [...]
BEQUANT talks to Ripple July 6, 2020 Marcus Treacher, SVP Customer Success, Ripple talks to BEQUANT about how the organisation copied with the challenges presented by Covid-19, what it will take to install mass adoption of digital assets and what the future holds for Ripple. How has Ripple adapted to the challenges of COVID-19, and how are you currently supporting your customers [...]
UK car sales sink 35 per cent in June despite post-lockdown restart July 6, 2020 UK new car sales plunged a third in June despite the easing of lockdown measures, new data showed today, after worse falls in April and May. New car registrations sank 34.9 per cent in June year on year, according to the Society of Motor Manufacturers and Traders (SMMT). But that marked what the body called [...]
Rolling up our sleeves for education: Addressing the most important challenge of the 21st century July 6, 2020 Around the world, 1.5bn children were forced out of their classrooms overnight by Covid-19. School closures required families and schools to readjust to new learning environments. And while some families made a seamless transition from school to homeschool, a disproportionate number of children from underserved communities faced another hurdle to receiving a basic education. Simple [...]