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LSBF Blog - Global Matters

Report shows gender diversity improvement in financial services

February 02 ,2018 | by Anisa Choudhary

Report shows gender diversity improvement in financial services

A report from management consulting firm McKinsey & Co has shown gender diversity in businesses in the financial services sector has improved.

The report, entitled Delivering through Diversity, surveyed 1,007 businesses across 12 countries globally to show how gender diversity has improved and how inclusion can help boost business performance.

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London business confidence highest in UK, report shows

February 01 ,2018 | by Anisa Choudhary

London business confidence highest in UK, report shows

The latest Business Barometer from Lloyds Bank Commercial Banking has shown business confidence in London was the joint highest of all regions in the UK in January.  

The Business Barometer, which is released monthly and has been running since 2002, was carried out on a regional basis for the first time, with 1,200 businesses surveyed.

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Financial services firms must focus on security, says FCA

Financial services firms must focus on security, says FCA

Financial services firms are being urged to focus on security after figures from the Financial Conduct Authority (FCA) showed that cyber-attacks on firms in the sector increased by more than 80 per cent in 2017.

Speaking at the PIMFA Financial Crime Conference in London, FCA Head of Technology, Resilience and Cyber Robin Jones discussed the areas in which financial services firms need to boost security, with firms being urged to place more focus on staff training and raising awareness.

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Lloyds Banking Group to help boost digital skills

Lloyds Banking Group to help boost digital skills

Lloyds Banking Group has announced it will be helping to boost digital skills across the UK to enable adults to have easier access to work and education.

The bank has teamed up with The Tech Partnership to lead a consultation that aims to improve the way Basic Digital Skills are measured.

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Research shows high demand for specialist finance skills

January 30 ,2018 | by Erin O’Neill

Research shows high demand for specialist finance skills

Morgan McKinley’s 2018 Salary Guide has shown that demand for niche skills and specialist knowledge was strong in the accounting and finance sectors in 2017.

The recruitment consultancy’s guide also identified a number of key trends, including increases in salaries for newly qualified individuals working in finance in areas such as London.

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Regulators could help London stay competitive

January 29 ,2018 | by Anisa Choudhary

Regulators could help London stay competitive

UK lawmakers have urged financial regulators to help keep London a major global financial centre after Brexit.

A report from a House of Lords committee has suggested the UK government could require regulators to boost competitiveness in the industry and help to ensure the capital remains a global base for financial dealing.

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Bank of England Governor predicts “conscious recoupling” of economies

January 26 ,2018 | by Anisa Choudhary

Bank of England Governor predicts “conscious recoupling” of economies

Bank of England Governor Mark Carney has predicted a “conscious recoupling” of the UK economy with the rest of the world as Brexit continues.

Carney was speaking to the BBC at the World Economic Forum in Davos, and admitted that the UK economy is currently an outlier in terms of global economic growth.

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UK forerunner in queue for US trade deals

January 25 ,2018 | by Anisa Choudhary

UK forerunner in queue for US trade deals

US Treasury Secretary Steve Mnuchin has said the UK will be at the head of the queue for negotiating free trade agreements with the US.

Mnuchin, who has a leading role in overseeing the US economy, made the promise at the World Economic Forum in Davos.

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Mastercard sets biometric challenge for banks

Mastercard sets biometric challenge for banks

Mastercard has set a challenge for banking providers by requiring them to offer biometric authentication by the spring of next year.

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Fintech start-ups set to profit from new regulations

Fintech start-ups set to profit from new regulations

As new banking regulations come into effect in Europe this month, a number of small UK fintech companies are poised to take advantage.

The introduction of the Second Payment Services Directive (PSD2) this month has brought open banking to the UK, and financial institutions are grappling with the opportunities and challenges presented by the changes.

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Financial firms should upgrade recruitment practices, report shows

January 23 ,2018 | by Anisa Choudhary

Financial firms should upgrade recruitment practices, report shows

The financial services sector can do more to meet customer demand by upgrading recruitment practices, according to a report into customer satisfaction.

The survey, which was carried out by consultancy Oliver Wyman, surveyed 4,000 customers across the UK, US, France, and Australia, along with a US mass-market focus digital group of 100 customers.

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IMF gives optimistic report on global trade

January 23 ,2018 | by Erin O’Neill

IMF gives optimistic report on global trade

The immediate future of the global economy looks good, according to the latest report from the International Monetary Fund (IMF).

The IMF has found that the recent upturn in international trade is led by growth in Europe and Asia.

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Dramatic increase in demand for specialist accountants

January 22 ,2018 | by Anisa Choudhary

Dramatic increase in demand for specialist accountants

The accountancy sector has been given a boost during the last 12 months thanks to a significant upturn in demand for interim specialists, reported by recruitment professionals.

According to Global Accounting Network, the demand for fully qualified accountants to work on a short-term or contract basis within the commercial and industrial sectors in the UK increased by 44 per cent in the year to November 2017.

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Research reveals financial roles set for biggest salary increases

January 19 ,2018 | by Anisa Choudhary

Research reveals financial roles set for biggest salary increases

Finance recruitment company Robert Half has revealed which roles are set for the biggest salary increases in 2018.

The Robert Half 2018 Salary Guide showed accountants and finance leaders will see the biggest increase in their salary as demand for skilled finance professionals rises.

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Fintech start-up Curve launches in UK

Fintech start-up Curve launches in UK

Financial technology start-up Curve is to disrupt the conventional banking system with the launch of its payment-switching card.

The service, which was previously a beta version that was only available to the start-up’s business users, has now been launched to 50,000 members across the UK.

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SMEs confident about financial growth, survey shows

January 18 ,2018 | by Erin O’Neill

SMEs confident about financial growth, survey shows

A survey commissioned by global business analytics firm Dun & Bradstreet and the Small Business Research Centre has found that SMEs are feeling confident about their future despite uncertainties over Brexit.

The research surveyed 505 managers and found that 54 per cent are feeling confident about their future success, whilst 75 per cent are confident that they will achieve financial growth over the next five years.

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Business and finance among most valuable career skills

January 18 ,2018 | by Anisa Choudhary

Business and finance among most valuable career skills

Research from global recruitment firm Michael Page has revealed skills that workers and recruiters believe are the most valuable to careers in 2018. Finance and business skills both make the list.

The research surveyed 1,196 British workers and 240 recruiters.

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British banks could help to boost UK’s productivity growth

January 17 ,2018 | by Erin O’Neill

British banks could help to boost UK’s productivity growth

British banks could help to boost the UK’s productivity growth, according to Bank of England Monetary Policy Committee (MPC) member Silvana Tenreyro.

Delivering her first public speech as an MPC member, Tenreyro said that she believes UK banks have almost recovered from the financial crisis ten years ago, which could lead to a rise in UK productivity as the finance industry’s performance starts to improve.

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Global Accounting Network shows demand for interim accountants

January 16 ,2018 | by Anisa Choudhary

Global Accounting Network shows demand for interim accountants

Figures from finance recruitment agency Global Accounting Network have shown that more businesses are seeking out interim accounting professionals.

Market analysis from the agency showed demand for qualified accountants to work temporarily, on a contract-to-contract basis, increased with a year-on-year rise of 44 per cent.

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London-based banking app gets approval from FCA

London-based banking app gets approval from FCA

A London-based banking app has received approval from the Financial Conduct Authority (FCA) to enable it to provide payment services.

Emma Technologies, which is aimed at millennials, is a mobile-only app that aims to improve the financial wellbeing of its consumers by helping them to save money, track debt and avoid overdrafts.

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Financial services to be a priority in Brexit deal

January 15 ,2018 | by Anisa Choudhary

Financial services to be a priority in Brexit deal

The government will make the UK’s financial services sector a priority in the next round of Brexit negotiations, according to Theresa May.

The Prime Minister met with a number of financial services leaders to discuss the UK’s exit from the EU, with input being provided by bosses from major banks and financial institutions such as HSBC, Barclays, Goldman Sachs, JP Morgan Chase, and Prudential.

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Graduate jobs set to increase in 2018, ISE states

January 15 ,2018 | by Erin O’Neill

Graduate jobs set to increase in 2018, ISE states

A survey from the Institute of Student Employers (ISE) has found that graduate jobs are set to rise across a number of sectors in 2018, with employers expecting to boost their number of graduate job vacancies by 11 per cent.

The annual Student Recruitment Pulse survey asked 103 UK student employers about their hiring intentions for the year ahead and found that the graduate jobs market will be returning to double-digit growth for the first time since 2015.

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Invoice financing reaches record high in UK

January 12 ,2018 | by Anisa Choudhary

Invoice financing reaches record high in UK

Figures from finance and banking trade association UK Finance have shown invoice financing has reached a record high of more than £22 billion.

The figures showed an increase in invoice finance to businesses in the third quarter of 2017, with a year-on-year rise of 13 per cent.

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Online transactions becoming primary method of banking, research shows

Online transactions becoming primary method of banking, research shows

Research from Swiss investment bank UBS has shown that online banking is now becoming a global trend, with more than half of transactions being done digitally.

The study surveyed 24,000 customers in 19 countries and found that 52 per cent of transactions are now carried out online, up from 33 per cent two years ago.

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Finance careers with best pay and work-life balance

January 11 ,2018 | by Erin O’Neill

Finance careers with best pay and work-life balance

Research from salary benchmarking website Emolument has revealed which front office finance careers offer the best pay and work-life balance.

The study surveyed a selection of front office bankers aged between 25 and 40 to find out how satisfied they are with their job and compared this with how much they earn to identify the most rewarding front office finance careers.

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