Hong Kong plans risk management rules to prevent Archegos-like scandals August 31, 2021 Hong Kong’s market regulator is reportedly developing a track exposure mechanism to dangerously concentrated stocks to prevent financial debacles like the Archegos collapse. The project will use centralised trade databases to identify excessive risk-taking by banks and investment funds trading derivatives in the city, reported Financial Times. The Hong Kong Monetary Authority and the Securities [...]
Ethereum and Solana set the pace as markets close August on a high August 31, 2021 August looks to be ending in robust fashion in the crypto markets as Ethereum and Solana look strong.
Exclusive: Finance teams go remote as in-house may become a thing of the past August 31, 2021 With more than 75 per cent of adults now fully vaccinated, many employers are calling for a return to the office. However, the UK labour market has seen employees revising their expectations and demand a stronger work-life balance following three strict lockdowns that were defined by remote working. Moreover, the landscape of business management and finance [...]
Dame Helena Morrissey on how the business rulebook is being rewritten August 31, 2021 Baroness Helena Morrissey tells Laurence Eastham how economic uncertainty, flexible working and the growth of soft skills are combining to rewrite the business rulebook. This article first appeared in ICAS’ CA magazine. Baroness Morrissey has an enviable track record when it comes to predicting the future. As CEO of Newton Investment Management, her keen eye [...]
Business lunch bookings are booming and the City is leading the charge August 27, 2021 Working lunches have bounced back after more office workers returned to the City following Freedom Day, according to new data. Reservation platform TheFork UK has revealed a 26 per cent jump in lunchtime bookings following ‘Freedom Day’, or 19 July, when the government dropped its work from home message and the final lockdown rules and [...]
Norway poised for historic first female as its central bank chief August 27, 2021 Norway may appoint a female as its central bank chief for the first time ever, after governor Oystein Olsen announced on Thursday that he will step down in February 2022. Deputy governor Ida Wolden Bache is in a prime position to succeed Olsen in running monetary policy in the wealthiest Nordic economy, Nordea bank economist [...]
Zoom announces hybrid return to work August 26, 2021 Videoconferencing giant Zoom has announced its plans for a hybrid approach to work for its staff, in a company blog post. The company, which became a household name during the pandemic, conducted an internal survey which found that only 1 per cent of its employees wanted to return to working full-time from the office. The [...]
Supply chain crisis: Quarter of all food and hospitality firms hit by low stock levels August 26, 2021 More than a quarter of food and hospitality firms have been hit by low stock levels in recent weeks as Britain’s mounting supply chain crisis takes it toll, according to new figures published this morning. The Office for National Statistics (ONS) said its recent business survey found that 27 per cent of food and accommodation [...]
John Edwards: The ‘Facebook-hating’ Kiwi poised to shake up UK data laws August 26, 2021 The government today confirmed plans to appoint John Edwards, currently New Zealand’s privacy commissioner, as the next head of the UK’s data watchdog. The appointment is part of a planned overhaul of the UK’s data laws that will herald a new era of post-Brexit policy as ministers look to use online information to fuel economic [...]
British citizenship applications by EU nationals up by 83 per cent after Brexit August 26, 2021 Applications for British citizenship by EU nationals rose by 83 per cent compared with the previous year, to 74,384, according to new Home Office figures published this morning. This is the highest number of applications from EU nationals in a 12-month period since comparable records began in 2004. EU nationals accounted for more than a [...]