Former watchdog Tracey McDermott will join Standard Chartered to build relationships with regulators

Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoWarped SpeedCan You Name More State Capitals Than A 5th Grader? Find Out Now!Warped SpeedUndoOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutUndo2021 Buicks | Search AdsIntroducing The Head Turning 2021 Buicks!2021 Buicks | Search AdsUndoLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthUndoFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterUndoinvesting.comThe Military Spent $1 Billion On this New Vehicle, And Here’s The First Lookinvesting.comUndo Share Former watchdog Tracey McDermott will join Standard Chartered to build relationships with regulators Read This Next20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The WrapMore People Now Use YouTube Than Facebook or Instagram – What Happened?The WrapIf You’re Losing Hair in This Specific Spot, It Might Be a Thyroid IssueVegamourTop 5 Tips If You’re Losing Your EyebrowsVegamourWhat Causes Hair Loss? Every Trigger ExplainedVegamourHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapSmoking and Hair Loss: Are They Connected?VegamourThis Is How Often You Should Cut Your HairVegamour “The opportunity to join the bank at this critical point in its history, and in a time of global change, is one which was too good to miss,” McDermott said.McDermott worked as acting head of the FCA from September 2015 to June 2016, but she left after failing to secure the top job permanently.In her new role, McDermott will work closely with Winters and group chairman Jose Vinals to strengthen the group’s regulatory relationships, and she will work with group chief risk officer Mark Smith to manage the reputational risks.Winters said she has played a “critical” role in shaping and changing behaviours in the UK financial sector.”Her strong leadership skills, together with a combined experience of bank supervision, regulation and policy development is outstanding, and she will play a critical role in further enhancing our relationships with regulators and policy makers,” he added.McDermott will be responsible for the London-listed bank’s global public affairs, sustainability and communications operations.  Sunday 29 January 2017 10:19 pm Courtney Goldsmith whatsapp whatsapp Tracey McDermott will join Standard Chartered as group head of corporate, public and regulatory affairs effective 20 March to build the bank’s relationships with regulators and policy makers.The former acting chief executive of the UK’s financial watchdog, the Financial Conduct Authority (FCA), will report to group chief executive Bill Winters and will join Standard Chartered’s global management team. read more

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Business expense fraudsters are burgling from the boardroom’s bottom line

Nick Ludlow With wide-ranging rules and limits often being enforced at the discretion of individual managers, these shades of grey are a growing problem for British businesses – hitting the bottom line, becoming a breeding ground for team resentment, and bringing the boardroom into disrepute.Read more: The taxman has unveiled the UK’s most outrageous expenses claimsWhat’s fair and what’s not?Employee expenses have grabbed the headlines recently – with even the Bank of England governor Mark Carney facing criticism over expense bills.But expenses aren’t just a problem for high-flying dealmakers – they affect almost everyone, right down to your latest entry-level hire.Any chief executives with the words “talent engagement” or “retention” in a recent board pack had better take a long, hard look at how their staff feel about covering company expenses on their own credit card. Research suggests that nearly a third of office workers have asked friends or family for cash while waiting for expenses to be reimbursed. Tuesday 4 September 2018 10:27 am Running a business costs money. That may sound simple – and in many ways, it is. From paying staff to keeping the lights on, some costs are all part of the never-ending challenge of running a business.But when it comes to employee expenses, things are rarely simple. Expense reimbursement fraud cuts into the bottom line, and drives up the cost of doing business as a result.Policy and proactivityHere’s the good news: there are a few simple things that can help ensure that your business doesn’t fall foul of expensive expense mistakes.First, get a policy in place. Set a clear and fair expense policy, free of vagueness. Ensure that all employees understand it, and offer managers additional training so that they act as guardians of the policy.Second, be proactive and look for red flags. A bill for a business flight or conference ticket, without any accompanying documentation like hotel or taxi receipts, should ring alarm bells.Next, issue company credit cards, or one of the various new prepaid corporate cards. Not only can you then define and manage spending rules, but they also help lock in an audit trail that includes date and spend data. whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen Heraldinvesting.comThe Military Spent $1 Billion On this New Vehicle, And Here’s The First Lookinvesting.commoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailVitaminewsShe Had No Clue Why The Crowd Started Cheering HerVitaminewsGive It LoveThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayGive It LoveOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutMedical MattersThis Picture Shows Who Prince Harry’s Father Really IsMedical Matters More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com Lastly, it’s 2018 – it’s time to go digital. A third of business travellers are still turning in paper receipts to claim expenses, despite the fact that the employees who rely on hard copies are more than twice as likely to commit fraud. So get systems and tools in place which make it easier for employees to claim the right amount, and easier for policy to be enforced.Read more: Business travellers lose £142 on every trip in unclaimed expenses Business expense fraudsters are burgling from the boardroom’s bottom line whatsapp But there’s a flip side too. When we asked more than 1,000 business travellers recently about their expenses, the results were staggering: one in five admitted to committing fraud. Even one in 10 chief executives and business owners said they’d done it.Over half of those who have committed fraud admitted to doing so on more than one occasion, and most alarming of all, more than one in 10 said they plan to continue doing it, because they don’t expect to be caught.What’s worse, committing expense fraud is easier than you may think. It’s often carried out by employees who aren’t inherently dishonest and don’t plan to defraud their employer of large amounts of money – instead, they’re committing small acts that they don’t even see as “fraud”. They do it because they don’t think anyone will notice.Over-claiming for expenses like restaurant tips and turning in receipts for refunded items are two of the most common expense offences.Ultimately, it still amounts to fraud – and it adds up. Employees reported adding an average of £225 per expense report – and if they get caught, they’re likely to get away with just a warning. Share read more

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Hiring for success with Joss Search founder and recruitment expert Sivan Joss

first_imgMonday 8 October 2018 11:40 am Since then, her business has placed more than 5,000 candidates, achieved turnover of £4.5m in its last financial year, and is planning to expand internationally with an office in New York. But starting a business during the height of the of the recession was “pretty tough going”, Joss admits.“I’d worked for a couple of other agencies for about five or six years in total, and I just felt that the way recruitment companies operated – the way that they treated their employees and candidates – could be done so much better,” she recalls.“I wanted to see if that was possible, and create a great place to work. My husband was working at smoothie-maker Innocent and coming home every night feeling super challenged, both professionally and personally. Innocent developed people to be the best they could be. I thought it would be amazing if there was a recruitment company out there that actually did that as well, and helped make people the best versions of themselves.”In this spirit, Joss has fostered an open culture at her company, where people can express their opinion. She describes an office ritual called “brave conversations”, where colleagues have an honest discussion about what they would like the other person to start, stop, and continue doing.“The biggest challenge is creating an environment where your employees feel empowered enough to actually hold their teammates to a high standard, regardless of how long they’ve been here or their position within the company. It’s a challenge, but we definitely do that here.” More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Read more: Cobra’s Lord Karan Bilimoria talks curry and craft beer But while some of you reading may have had bad experiences with recruiters, the above stereotype is just that – a stereotype. There are plenty of recruitment professionals who treat candidates well, and help people to find the role of their dreams. Yet the negative reputation persists. In fact, it makes it difficult to hire job recruiters in the first place.“Making people see the benefits of a career in recruitment can be a challenge,” admits Sivan Joss, founder of recruitment agency Joss Search, which specialists in sourcing support staff for the investment sector.Read more: Meet luxury eyewear designer Tom Davies“It’s meaningful work – you’re finding people great jobs and careers. But that part doesn’t get talked about.”The desire to change that reputation and to try and improve the industry from within was what spurred her in 2010 – aged just 24 – to found her own company using her savings and a £2,000 credit card loan. “We’ve placed people that worked on cruise ships. We’ve placed personal assistants who’ve gone on to be investor relations managers. We’ve placed team assistants who’ve gone on to be the directors of legal affairs in a private equity company. It’s all about looking at people for who they are, and what they offer as an individual. What’s their attitude like?”Attitude and character are more important than whether someone has a degree, according to Joss, and someone with the right mindset in the right office culture will develop and do well.“Resourcefulness is what most employers want. Someone could have spent 20 years studying, but not have any common sense to actually get things done. No one wants that.”Her open-minded approach to recruitment reflects her own background. Joss never went to university – in fact, she left school at 16 – and she grew up on a council estate in Nottingham with her mother, an artist who sold handmade jewellery. Joss says this inspired her entrepreneurial spirit.“She used her hands to create something and sell it. That’s business at a very basic level. It taught me so much,” she recalls.“I’ve always pushed the underdog and the wildcard candidates. I suppose that’s because that’s how I’ve always seen myself.”This support for the underdog is why she launched the Hidden Heroes campaign in June, which asks employers to recognise the contributions of support staff, nominating them to be added to Joss Search’s Hall of Fame.“The whole purpose of it is to try to make people see the value of roles that aren’t just about making money. The deal-doing roles, the sales roles, the entrepreneurs and founders – they’re the ones that get interviewed and get all the recognition. But behind most of them is a great person or team helping them be better and do their job better.“Those people never get recognised. We want to recognise them.”Since the launch, Joss says they’ve received some amazing nominations, and that bosses and senior colleagues are taking real time and care over who they’re choosing to recognise.And they’re right to. The jobs market is going through profound changes. Technology means that people search for new roles in a completely different way to how they did back in 2010, and they’re getting much more discerning about who they want to work for. Companies want to hire the best candidates, but finding and enticing them is getting harder.This is where recruiters can help, but it’s a challenge nonetheless, and one compounded by the industry’s bad reputation. But things are looking up, especially with passionate people like Joss working to elevate recruitment to a “hire” level. The other challenge Joss is trying to overcome is improving the recruitment process itself.The obstacle at the moment is that while UK unemployment is at just four per cent – its lowest level for more than 40 years – the number of job vacancies are at a record high of 833,000, according to the Office for National Statistics.This imbalance means that employers are having to adapt, and start considering candidates with alternative backgrounds, who might lack directly relevant experience or even a university degree – as Joss herself does.The recruitment industry has not necessarily caught up – anecdotes abound of agencies fixating on CVs, blocking viable candidates who don’t tick the right boxes, rather than taking a more holistic approach.But not Joss. She says that she’s always looked beyond whether or not someone has a degree, and recommends candidates who – on paper – might not be what the client expects. Hiring for success with Joss Search founder and recruitment expert Sivan Joss center_img Share whatsapp Recruitment gets a bad rep. There’s a cliche that recruiters are wheeler-dealers, who always call at the worst time, don’t listen to what candidates or clients want, and are just scheming to get jobseekers into any role possible, regardless of whether or not they’re qualified. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman files for divorce after seeing this photoMisterStoryUndoOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutUndoBetterBe20 Stunning Female AthletesBetterBeUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoCleverstTattoo Fails : No One Makes It Past No. 6 Without LaughingCleverstUndomoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comUndomaternityweek.comStevie Wonder’s Wife Finally Reveals Why He Went Blindmaternityweek.comUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndo whatsapp Luke GrahamLuke is a former City AM features writer, now features editor for Tyto PR Tags: Company Private equity Seniorlast_img read more

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Brexit shows it’s time for an economic shake-up from the Tories

first_img Share Brexit shows it’s time for an economic shake-up from the Tories whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoTotal PastJohn Wick Stuntman Reveals The Truth About Keanu ReevesTotal PastUndomoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comUndobonvoyaged.comTotal Jerks: These Stars Are Horrible People.bonvoyaged.comUndoOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutUndoNoteableyFaith Hill’s Daughter Is Probably The Prettiest Woman In The WorldNoteableyUndo Iain Anderson Let me write some words I never thought possible: maybe Jacob Rees-Mogg is right. Parliament should be suspended because it has been unable to sort the fundamental question of our days.The so-called cockpit of the nation is on a permanent autopilot to nowhere. As this paper has so cogently argued for weeks – fundamentalists are wrecking public trust and confidence in our polity.I have long thought that we need to shake things up. Perhaps the left versus right thing is going to be smashed up for good. It clearly doesn’t work anymore.But while we wait for this political Godot to arrive, surely it is time to actually do something other than Brexit. And – despite Brexit, as they say – let’s actually get on with futureproofing our economy.With that in mind, the chancellor needs to have two central concepts at hand at this crucial moment for the country. Monday 28 January 2019 12:35 am I suggest we learn the lessons of the 2008 crisis and let banks have more capacity to lend.Right now – for one of the highest export earners in the UK economy – the government needs to make a move. So while the chancellor should keep his firepower in place for now, he needs to set out a clear path to place the UK financial sector on a trajectory to support the economy through troubled times ahead.Otherwise Singapore-on-Sea won’t be needed in the UK – for many Singapore itself will look very attractive place to be. And that’s not good for any of us. The Brexit weather forecast remains distinctly foggy in all areas as we enter yet another crucial week in Westminster. Will we ever see daylight and opportunity out of this sickening political morass?As I said to the BBC Question Time audience last week, I think this parliament ranks as the most dismal in living memory. It’s all so depressing. We urgently need some hope to break us out of this collective neurosis. Our politicians seem uncapable of breaking the logjam. whatsapp City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. Opinion Firstly, to keep plenty of economic powder dry if we end up with a hard Brexit. This is such a roll of the dice for our economy it gives me sleepless nights. In business we take risks – but we take calculated and not reckless ones. Forget Project Fear – we now can see the Project Reality of jobs and taxes will take being moved out of the UK. Right now.So while the government magics up some cargo ferries to work on time, let’s also ensure Whitehall has enough people and fiscal power to manage the situation. As the Bank of England governor sought to calm the waters on the morning of 24 June 2016 – the next few months must see a relentless focus from the Treasury on building confidence through fiscal discipline.But at the same time, the chancellor needs to fire up some fresh thinking to give UK businesses of all shapes and sizes and inward investors the confidence that political soundbites about being “pro business”actually mean something.So let’s start with the Square Mile itself. In PwC’s recent report on the total tax contribution of the UK banking sector, there is a (modelled) international comparison expressing taxes borne (profit taxes, property taxes, bank levies, social security contributions and irrecoverable VAT) as a percentage of a model bank’s commercial profit. It’s not good news for the UK.The UK has the highest effective tax burden against our key competitors – London is at 50.6 per cent, Frankfurt at 43.8 per cent, New York at 34.2 per cent, Singapore at 23.2 per cent, and Dubai at 22.7 per cent. Those levies don’t just put the UK sector at a competitive disadvantage by pushing up the costs of capital. They do something worse. Just at a time when our economy may need to have more firepower to support SME lending and underpin those complex international supply chains, we keep hearing that those higher costs will hurt. Tags: Bank of England Brexit Taxlast_img read more

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London house prices to fall three per cent after a no-deal Brexit

first_img House prices in London could dip three per cent after a no deal Brexit, new research has found.In the event of Britain and the EU failing to reach an agreement, housing prices in London could fall three per cent in the six months following the 29 March deadline, according to a Reuters poll out today. Alyana Vera However, if an agreement is reached, property prices are expected to rise 0.5 per cent in the capital and 1.5 per cent nationally.The poll, which was conducted between 13-20 February, supports previous reports that a no deal Brexit could impact an already cooling housing market.Peter Dixon, a global financial economist at Commerzbank, told Reuters: “Prices have clearly come off the boil of late but on the assumption that the UK does not leave the EU without a deal, there is scope for the resumption of a modest upward trend.”A poll of 25 market watchers found that London homes will drop 2 per cent this year, but expect the market to rebound with a rise of 0.5 per cent and 2.5 per cent in the next two years, respectively.Read more: UK house price growth slows as affordability improves whatsapp London house prices to fall three per cent after a no-deal Brexit Tags: Brexit whatsapp Read more: UK house prices 2019: What experts say will happen after BrexitA drop in housing prices would be coupled with a weak pound following a no-deal Brexit, according to Reuters, making homes in the capital more attractive to foreign investors.“There will be a palpable shock to the UK economy in terms of GDP, inflation, job creation, etc,” Tony Williams of Building Value told Reuters.Williams said that this would affect the housing market in the UK, with the poll predicting that a no deal Brexit will result in a one per cent drop nationally in house prices.“This will spill over dramatically to the residential market, with London bearing the brunt given the international catchment of prospective buyers,” Williams said. National house prices were predicted to rise in the next three years, starting at 1.5 per cent this year, 1.8 per cent for the next, and then 2.3 per cent in 2021.Russell Quirk, an online estate agent told Reuters: “The fundamentals of the UK housing market remain as they are: lack of supply; a growing population; cheap money – a Brexit of any flavour will not dent those fundamentals.” More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comConnecticut man dies after crashing Harley into live bearnypost.com Share Friday 22 February 2019 5:02 pmlast_img read more

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‘Bridge over Brexit’: UK and US strike post-Brexit derivatives and trading deal in major boost for the City

first_img Share Derivatives trading and clearing between the UK and the US will continue as normal regardless of the outcome of Brexit, the Bank of England said today in a major boost for the City.The US Commodity Futures Trading Commission (CFTC), the Bank of England and UK watchdog the Financial Conduct Authority (FCA) have struck a deal to provide a “bridge over Brexit” and ensure financial stability. whatsapp Read more: Here’s how Brexit could end up being delayedCFTC chairman J. Christopher Giancarlo said the UK’s financial infrastructure was of “critical importance” to the US.He said: “London is and will remain, a global centre for derivatives trading and clearing.“These important measures provide a bridge over Brexit through a durable regulatory framework upon which the thriving derivatives market between the United States and the United Kingdom may continue and endure.”City groups said the deal would protect financial stability but pressed the need for solutions when it came to the EU. ‘Bridge over Brexit’: UK and US strike post-Brexit derivatives and trading deal in major boost for the City More From Our Partners Why people are finding dryer sheets in their mailboxesnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com Work is also being undertaken to make the recognitions permanent.Governor Mark Carney said: “As host of some of the world’s largest and most sophisticated derivative markets, the US and UK have special responsibilities to keep their markets resilient, efficient and open.“Market participants can be confident that the clearing and trading of derivatives between the UK and US will maintain the high standards of today when the UK leaves the EU,” he added.It is hoped the measures will allow the world’s two largest financial centres for derivatives exchanges to continue as normal beyond 29 March.Existing regulation allows UK firms and US entities to trade through an agreement between the EU and the US – today’s announcement reveals a new arrangement between the UK and the US, bypassing the EU. Monday 25 February 2019 10:29 am Read more: UK not heading for derivatives cliff edge after Brexit, say EU officialsLeading City figures welcomed the agreement but called on EU regulators to address ongoing “cliff edge” issues, including contract continuity and data flows.The deal includes UK equivalence for the US, which will allow US trading venues, firms and CCPs to continue providing services in the UK and for UK firms to access those services.Existing regulatory relief granted to EU firms by the CFTC will be granted UK firms as soon as Britain leaves the EU, regardless of the outcome of the Brexit negotiations.The Bank, along with the Financial Conduct Authority and the CFTC, have pledged to continue their cooperation post-Brexit. whatsapp Callum Keown Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyUndobonvoyaged.comTotal Jerks: These Stars Are Horrible People.bonvoyaged.comUndoDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyUndoLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthUndoMisterStoryWoman files for divorce after seeing this photoMisterStoryUndoPost FunRare Photos Show Us Who Meghan Markle Really IsPost FunUndoBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerUndo Tags: Bank of England Brexit Mark Carney People “It is now critical that European Union regulators urgently address remaining cliff-edge issues such as contract continuity and data flows,” City of London Corporation chair Catherine McGuinness said.“These are issues that could disrupt cross-border financial services and prevent firms from serving their customers in the event of a no deal,” she added.Director of international and Brexit policy at UK Finance, Conor Lawlor, said: “On the EU side there remain a number of cliff-edge issues for which a solution is yet to be adopted, including on key cross-border services currently provided to customers and businesses.It is crucial that appropriate national or EU-wide measures are urgently put in place to prevent market disruption, by assuring service continuity for these products in the event of a “no deal” Brexit.” last_img read more

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New ‘super fast’ economic indicators suggest UK economy slowdown

first_img Tags: Trading Archive New ‘super fast’ economic indicators suggest UK economy slowdown Harry Robertson whatsapp New “super fast” government economic indicators suggested the UK economy lost momentum in March, with more firms reporting a fall in turnover than an increase.Read more: UK stats body to receive £9m for ‘super fast’ economic indicators In January and February the average traffic counts for larger vehicles were broadly stable, close to their average between 2016 and 2018, the ONS data showed. The ONS said road traffic data for larger vehicles can indicate falls or rises in goods imports and exports.The ONS hopes that this faster data help policymakers and analysts get a better picture of the health of the economy.“It is important to note that we are not attempting to forecast or predict GDP,” the ONS said.Louisa Nolan, ONS lead data scientist, said: “Today’s new release draws on new data sources to give much quicker signals of changes in the UK economy than was possible before.”Read more: UK economy rebounds in January after December slump“These new indicators are part of our radical plans to transform the way we collect and produce information about our ever-changing and increasingly digital economy.” center_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerbonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm OracleDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionPost FunA Coast Guard Spotted Movement On A Remote Island, Then Looked CloserPost FunZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldHealthyGem20 Hair Shapes That Make A Man Over 60 Look 40HealthyGemDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily FunnyMisterStoryWoman files for divorce after seeing this photoMisterStory Monday 15 April 2019 11:19 am Today saw the first release of a range of faster indicators compiled by the Office for National Statistics (ONS) using “big data” on things like VAT and road traffic.The statistics organisation said the “indicators show a mixed picture” for the first quarter of the year, with most “around their average values” over the longer term.The ONS’s new VAT diffusion index showed more firms in both the construction and wholesale and retail trade sectors reporting a fall in turnover than a rise in March compared to the month before.In the agriculture, forestry and fishing sector more companies reported a rise in turnover than a fall.Overall, more firms reported a drop than a rise, suggesting a slowing of the economy. Quarterly figures also showed a fall in expenditure among companies. Share whatsapplast_img read more

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Financial services employees consistently overworked

first_imgDavid Leithead, chief operations officer at Morgan McKinley UK, said: “The way in which we all work has changed dramatically. Employees have increased access to flexible working but end up working a greater number of hours every week. It is becoming a widespread dilemma. Financial services employees consistently overworked Nearly a third (31 per cent) said there is an expectation that they work overtime, but only eight per cent said they receive compensation for the extra hours. Read more: More than a quarter of investment bankers say work is damaging their health The vast majority (94 per cent) work beyond their contracted hours on a weekly basis and almost half do not leave the office or take a break at lunch time, a survey from recruiter Morgan McKinley showed. whatsapp “Employees often don’t take any kind of lunch break but feel obligated to work beyond their contracted hours. When they finally leave the office, they feel they should be available on mobile devices. This feeling of ‘not being able to down tools’ can negatively affect an employee’s wellbeing, causing mental burnout.” Employees in the financial services sector are consistently overworked, according to a report published today. Technology has also increased the prevalence of flexible working, with 71 per cent offered flexible working by their current employer. Monday 9 December 2019 12:01 am The survey showed 75 per cent of respondents though flexible working has had a positive impact on their company’s performance and profitability. Read more: Salaries for UK financial services workers jump amid competition for talent Nearly two thirds of respondents (62 per cent) said they are available on mobile devices outside working hours, checking emails first thing in the morning and staying online while commuting and in the evening. James Booth Twenty per cent of financial services workers said they work beyond their contracted hours by 10 hours or more on a weekly basis in order to cope with their workloads. Share whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyUndozenherald.comDolly Finally Took Off Her Wig, Fans Gaspedzenherald.comUndoMisterStoryWoman files for divorce after seeing this photoMisterStoryUndoPost FunRare Photos Show Us Who Meghan Markle Really IsPost FunUndoBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerUndoNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyUndoMilitary BudThis Picture Shows Who Prince Harry’s Father Really IsMilitary BudUndomoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comUndoNinjaJournalistMichael Jordan’s Divorce Settlement Has Finally Been Revealed.NinjaJournalistUndolast_img read more

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Relx buys ID Analytics for $375m

first_img Also Read: Relx buys ID Analytics for $375m Over the last 10 years, Relx has cut print sales from 50 per cent to just 10 per cent of its revenue, with the vast majority of its turnover now derived from digital. The information and analytics company has a market capitalisation of £37.8bn and accounts for approximately 40 per cent of the total UK media sector. Angharad Carrick whatsapp Share Relx today said it had agreed to buy ID Analytics from Norton Life Lock (NLL) for $375m (£288m). Show Comments ▼ Relx’s share price rose 0.75 per cent to 1,946p today Monday 13 January 2020 7:02 pm ID Analytics will become part of Lexis Nexis Risk Solutions, part of Relx’s risk and business analytics arm and its fastest-growing division. In July 2019, the information provider bought Parity, a Californian company that uses artificial intelligence to provide scientific and medical content. Relx buys ID Analytics for $375m Founded in 2002,San-Diego based ID Analytics provides credit and fraud risk solutionsfor enterprises with patented analytics. Rick Trainor, chief executive of Lexis Nexis Risk Solutions, said “Combined with our strengths of verifying and authenticating physical and digital identities, our customers will benefit from an even more comprehensive approach to detecting and preventing fraud and managing risk.” whatsapp Organic growth has been Relx’s primary strategy but supplements it with acquisitions of targeted data sets and analytics. The acquisition of ID Analytics is Relx’s third largest in a decade and the sixth business it has bought in California since 2015. last_img read more

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CBI says firms need clarity on job retention scheme timeline

first_img The CBI has said firms need clarity soon about whether the scheme will continue. This is because employers have to start redundancy proceedings 45 days in advance, meaning there is an effective deadline next week. The Treasury has always been clear that it will consult on extending the scheme if needs be. But it hopes the economic situation will have improved in three months. Carolyn Fairbairn said the job retention scheme, under which the government will pay 80 per cent of the wages of workers who would otherwise be sacked, “was one of the best in the world”. whatsapp (AFP via Getty Images) Yet she told BBC Breakfast that its three-month duration meant jobs were at risk if there was no extension. The government expects more than 9m workers to be furloughed through the scheme. Figures from the British Chambers of Commerce have suggested roughly half of UK firms will take part in some way. Friday 17 April 2020 1:50 pm CBI says firms need clarity on job retention scheme timeline Yet it said more must be done to ensure the economy recovers from the coronavirus slowdown. It said the government should ensure furloughed workers can return to work part-time if this can be done safely. “This is quite urgent,” Fairbairn said. She highlighted the risk that some workers could be sacked “unnecessarily”.center_img The CBI’s intervention came a day after the Resolution Foundation think tank called on the government to take “further radical policy steps”, amid huge uncertainty over the length of the outbreak. (AFP via Getty Images) Also Read: CBI says firms need clarity on job retention scheme timeline whatsapp (AFP via Getty Images) Also Read: CBI says firms need clarity on job retention scheme timeline Employers can apply for funds at the end of April, which will cover wages from the start of March. Share The head of the CBI has cautioned that employers could end up sacking workers unless the government’s scheme to pay furloughed workers’ wages amid the coronavirus pandemic is extended. Show Comments ▼ The Resolution Foundation praised the government’s response so far, which includes £330bn of lending and support for the self-employed. Harry Robertson last_img read more

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