December 28, 2019December 28, 2019 by Crimson Tazvinzwa

UK Game ‘Changer’ that encourages students to think sustainably wins award nomination for De Montfort University professor

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By encouraging accounting students to think about sustainability when making business decisions has led to a national nomination for an associate professor at De Montfort University Leicester (DMU).

Associate Professor in Accounting and Finance
Brixworth, Northamptonshire, United Kingdom

Darren Sparkes co-created a business simulation called Accounting Bissim with colleagues Matt Davies from Aston University and Lisa Weaver from the University of Warwick designed to bring Accounting and Finance to life for students////CRIMSON TAZVINZWA////

The team have now been shortlisted for a Finance for the Future Award, run by ICAEW, The Prince’s Accounting for Sustainability Project and Deloitte.

They are finalists in the Driving change through education, training and academia award, which recognises the contribution of individuals, organisations or joint-entrants in driving action to integrate sustainability through education, training and academia.

Darren said: “The Accounting Bissim team are delighted to have been shortlisted for this prestigious award. Whilst the simulation was originally developed in order to improve engagement in accounting and finance learners, being shortlisted for the Finance for the Future Awards recognises Accounting Bissim’s ability to promote a holistic and sustainable approach to accounting, finance and business management decisions.”

Students act as the board of directors to run a robot manufacturing business in a competitive market place, making decisions and analysing the results. They can make decisions on a range of sustainability issues such as choosing ethical suppliers, cutting waste, reducing CO2 emissions and power usage, eliminating water pollution and the level of pay and training of their staff – all of which may cost money in the short term, but can lead to better long-term returns if the business is managed well. The sustainability decisions can be mapped to ten of the seventeen United Nations sustainability development goals.

Game that encourages students to think sustainably wins award nomination

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December 23, 2019December 23, 2019 by Crimson Tazvinzwa

BREXIT: Bank of England steps up it’s monitoring of Lloyd’s whistle-blowing systems

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LONDON (Reuters) – The Bank of England (BOE) has stepped up its monitoring of Lloyd’s of London’s SOLYD.UL whistleblowing systems, the central bank said on Monday///CRIMSON TAZVINZWA–

Tailor-made cloud-based software that gives you rapid access to the risk, vulnerability and adaptation analysis you need.

The Prudential Regulation Authority said the insurance market had agreed to additional requirements relating to whistleblowing after informing the regulator that its processes had been ineffective.

The PRA is the United Kingdom’s prudential regulator for deposit-takers (banks, building societies and credit unions), insurers and designated investment firms.2 It derives its responsibilities and its powers from the Financial Services and Markets Act (FSMA) 2000 (as amended by the Financial Services Act 2012 and the Financial Services (Banking Reform) Act 2013) (the Act), and the relevant EU Directives and directly effective regulations for which it is a competent authority.

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August 1, 2019August 1, 2019 by Crimson Tazvinzwa

There’s no debt-fueled consumption boom in the UK, BOE’s Carney says – UPI

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An activist holds a sign at a demonstration March 12 outside the Houses of Parliament in London, Britain. File Photo by Hugo Philpott/UPI | License Photo

Bank of England cuts forecast in 1st warning of no-deal EU exit//AIWA! NO!

The threat of Britain leaving the European Union this fall without a detailed agreement with the 28-member bloc led the Bank of England Thursday to cut its growth forecast for the next two years.The British central bank said in its revised outlook it expects the British economy to grow by 1.3 percent this year — down from a 1.5 percent expansion it projected in May. Thursday’s update also forecast 1.3 percent growth in 2020, a reduction of 0.3 percent from its initial calculation.

Bank of England Governor Mark Carney says U.K. households are “acting prudently.”

The bank’s forecast downgrade follows Boris Johnson‘s taking over as prime minister for Theresa May, whose departure was directly related to the absence of a Brexit agreement. Johnson has vowed to leave the EU on Oct. 31, with or without a deal.

The bank’s new outlook assumes London will leave with an agreement in place, but for the first time it warned of potential consequences of a no-deal, or “hard,” exit.

“In the event of a no-deal Brexit, the sterling exchange rate would probably fall, [consumer] inflation rise and [economic] growth slow,” the Bank of England said.

“Financial market participants’ expectations that the economy would be weaker in the event of a no-deal Brexit also mean that the sterling exchange rate tends to depreciate as the probability of a no-deal Brexit rises.”

“If Brexit proceeds smoothly to some form of deal, asset prices would adjust: the market path for interest rates would be likely to rise, the sterling exchange rate to appreciate, U.K.-focused equity prices to rise, and credit spreads would be likely to fall,” it added. “It is not possible to estimate precisely how asset prices would change in the event of a smooth Brexit. However, information from surveys, as well as observing how asset prices have moved as no-deal betting odds have changed.”

Britain has 240,000 businesses that trade exclusively with the EU and are not ready for border inspections that would follow a no-deal exit. Some wouldn’t have the required documents to sell to EU nations without a new agreement.

The Bank of England’s outlook cited a “material and broad-based slowdown” in world growth since the end of 2017 and said the risk of a recession is now at its highest point in three years, since Britons voted in mid-2016 to leave the alliance.

The bank voted Thursday to leave interest rates unchanged at 0.75 percent, despite continued influence of the trade conflict between the United States and China. It said a “smooth” EU exit, with a trade deal, would probably lead to interest rate hikes “at a gradual pace and to a limited extent” to return inflation to 2 percent, which is the level widely considered reflective of a healthy economy.

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UK Game ‘Changer’ that encourages students to think sustainably wins award nomination for De Montfort University professor

By encouraging accounting students to think about sustainability when making business decisions has led to a national nomination for an associate professor at De Montfort University Leicester (DMU).

Game that encourages students to think sustainably wins award nomination

BREXIT: Bank of England steps up it’s monitoring of Lloyd’s whistle-blowing systems

There’s no debt-fueled consumption boom in the UK, BOE’s Carney says – UPI

Bank of England cuts forecast in 1st warning of no-deal EU exit//AIWA! NO!

Bank of England Governor Mark Carney says U.K. households are “acting prudently.”

By encouraging accounting students to think about sustainability when making business decisions has led to a national nomination for an associate professor at De Montfort University Leicester (DMU).

Game that encourages students to think sustainably wins award nomination

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Bank of England cuts forecast in 1st warning of no-deal EU exit//AIWA! NO!

Bank of England Governor Mark Carney says U.K. households are “acting prudently.”

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