Tag: finance
Action needed now on banking fraud and the erosion of trust
Privatisation and self-regulation has created a financial services sector in the west that is rife with fraud and other criminal activity, says professor Nada Kakabadse of Henley Business School.
‘Uncharted territory’ for directors as hard line set for pension regulation
Board directors are entering a tough new era, with regulatory proposals to impose sanctions for directors who deliberately put their employees’ pensions at risk.
Quarterly reporting: Useful or an obstacle to jobs?
After intervention by Donald Trump the US is considering an end to quarterly reporting. Many argue that it would be a bad idea.
European Commission edges closer to ‘sustainability’ investment rules
The commission has called for technical advice on measures to apply sustainability risk assessments to investment decisions.
Stewardshop code adopted by vast South Korean pension fund
The National Pension Service in South Korea has voted to adopt a stewardship code that will see it engage more with companies.
Shareholder proposals gain ‘traction’ during US proxy season
Research reveals that average backing for shareholder proposals is on the rise, indicating that institutional investors are giving them more support.
Growth in ranks of activist investors reported for H1 2018
The number of global activist investors grew year-on-year in the first half of 2018, while the number of companies targeted around the world rises significantly.
Regulators demand IT security plans from financial services firms
Financial regulators have given banks and financial services firms three months to explain how they maintain IT security and resilience.
PwC to pay $625.3m damages over collapsed US bank
The damages follow a ruling that PwC failed to design an audit to detect fraud at Alabama Colonial Bank.
‘Grandfather’ financial services post-Brexit to protect 36m policyholders
Financial body TheCityUK calls on the UK and EU to work together to ensure that derivatives contracts, which underpin consumer-focused financial services, don’t collapse post-Brexit.