Bitesized Blighty: March 6, 2020

Hector Don  Follow

  • The UK’s financial watchdog has proposed a new rule requiring public companies to disclose any climate risks their investors may face. As the world moves towards creating low-carbon economies, the proposal has been well received by the City: “Climate change could result in a significant loss of value in companies if risks are not effectively measured and managed, ultimately hitting savers’ pockets,” said Andrew Ninian, director at the Investment Association. The rule will be up for consultation in June and codified into rules later this year; let’s hope other global economies follow suit to protect not only the environment but also their stakeholders.
  • Brexit is definitely happening but some complex, and certainly erroneous, decisions are still to come as Britain endeavours to renegotiate decades of treaties and agreements with Europe. Former Bank of England governor Lord Mervyn King shared his two cents earlier today, clamouring at the City’s insistence in making things right with Europe and turning its eye away from the U.S., specifically New York. It is Lord King’s opinion that for London to return to the summit of global prestige, it must align with its long-term ally and their financial powerhouse. Wonder if this opinion is shared by the rest of the country…
  • New York’s Soho neighbourhood may be more woke, but London’s own surely came first (and will outlast). Possibly and aptly named after a hunting cry too many years ago, Soho is a hodge podge of the city’s history, culture, and people. Should you have some extra time this weekend, take a few to read one local’s interpretation of her neighbourhood. It definitely tugged at the heartstrings of the New Yorker in me. 

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