Impact of social finance October 11, 2022 Joining a mission I joined Standard Chartered Bank as a summer intern at just 18. When I joined as a graduate, I settled into the fast-paced world of capital markets sales. Four years in, I made a leap to pursue a mission-driven career in Sustainable Finance, where I now lead a team that focuses on [...]
Spike in package holidays and foreign travel may be ‘rare positive legacy of pandemic’ October 11, 2022 Foreign holidays are back with a bang with 45 per cent of people going abroad in the last year. The latest study from travel agent association ABTA found the level of foreign travel in the last 12 months was equivalent to 70 per cent of that in 2019, pre pandemic. With coronavirus restrictions lifted, a [...]
Looking after employees over the long-term will always win out October 10, 2022 It’s become almost a cliché to declare that we are living through unprecedented times, and it would be hard to describe our current economic turbulence in any other way. The impact of these challenges go way beyond people’s finances. Economic challenges and mental health This World Mental Health Day, employers need to be more aware [...]
City groups rally Kwarteng on post-Brexit financial services reforms October 9, 2022 City groups are calling for more speed and clarity from the government over proposed changes to the financial services rulebook post-Brexit as the Chancellor comes closer to outlining his plans to unleash the City. TheCityUK tonight urged the Treasury to bring forward changes to “ensure continued high-quality proportionate regulation”, while UK Finance called for “a sustained [...]
Trust the code, not the confused October 7, 2022 Rufus Round, CEO of GlobalBlock says political systems need to adapt to the crypto and digital assets technology heading their way.
As households cut spending, the big beasts of insurance need to get up to speed October 7, 2022 When the economy is fragile, sectors must adapt. This is a truism repeated again and again because it is the nature of financial growth and innovation. As household budgets shrink, customers are shopping around for better deals – for food, for bills and almost all other outgoings. Insurance is no exception, though it is unique [...]
Letters: Covering up the faulty cover October 7, 2022 [Re: FCA vows to take action against insurers falling short on business interruption claims, Oct 4] During the pandemic, businesses faced unprecedented disruptions to their supply chain, some had to close and many perceived a lack of support from their insurers during their time of need. Insurers argued that pandemic impacts were not anticipated or [...]
Pound slumps against US dollar after Fitch sounds alarm on UK finances October 6, 2022 The pound slumped against the US dollar today while UK debt sold off after one of the world’s top credit rating agencies issued a sombre warning to investors about the country’s finances. Sterling weakened 1.55 per cent against the greenback to buy 1.115. It fell by a slightly smaller amount against the euro too. The [...]
FCA slaps City broker with £531,000 fine over missing suspicious transactions October 6, 2022 The Financial Conduct Authority (FCA) has slapped City stock broker Sigma with a £531,000 fine after it failed to identify 97 suspicious transactions. The watchdog also found the firm guilty of inadequately reporting 56,000 contracts for difference – an insurance tool used by market participants – between December 2014 and August 2016. Both former and [...]
Matrixport secures $50m insurance cover for Cactus Custody digital assets October 6, 2022 Matrixport has secured $50m of insurance coverage for digital assets held in cold storage with Cactus Custody, its institutional custodian.