On 10 May 2022, the United Kingdom (UK) Government announced its intention to introduce a reform bill that will implement extensive changes to the existing domestic data protection framework. In the Queen’s Speech, the Prince of Wales unveiled the UK's planned Data Reform Bill, which expects to create ''a more flexible, outcomes-focussed approach to data protection that helps create a culture of data protection, rather than 'tick-box exercises.''' If implemented, the proposed changes will see the UK deviate from...

Read more

LATEST MATTERS FROM THE INTERNATIONAL ACCOUNTING STANDARDS BOARD (IASB) The following is a summarised update of key matters arising from the discussions and decisions taken by the IASB at its meetings on the following dates: 25 January 2022 25 February 2022 24 March 2022 The full update, as published by the IASB, can be found here. Primary Financial Statements The IASB continued discussions on proposals in the exposure draft General Presentation and Disclosures published in 2019. This exposure draft seeks to improve...

Read more

What does ESG really mean for corporates in 2022? We have teamed up with leading ESG advisors at Cardano, Georgeson and Kekst CNC to draw together our insights in a guide that provides a 360° response to this question, and to help clients respond holistically to the ESG issues and opportunities they currently face. ESG Perspectives: A 360° view of key ESG issues and opportunities for corporates in 2022 Environmental, social, and governance (ESG) considerations are increasingly central to every aspect...

Read more

Today, the European Commission and the European Investment Bank (EIB) signed an ambitious Guarantee Agreement through which the European Commission will support up to €26.7 billion of EIB financial operations to enable crucial public investments in sectors like clean energy, digital and transport infrastructure, health and education over the next seven years, rolling out Global Gateway worldwide. Commissioner for Neighbourhood and Enlargement, Olivér Várhelyi, said: “Today’s landmark guarantee agreement with the European Investment Bank will enable to finance the implementation of our...

Read more

Speech by William R. Rhodes at the China-US Business Alliance on 04 May, 2022 | Thank you, John, for the very kind introduction.  I always enjoy having the opportunity to speak to this group.  Some of you may have seen my recent op-ed on the major threats to China’s economy which I will discuss today.  As we all know, China is the world’s 2nd largest economy and over the last decade the fastest growing major one in the world. This is...

Read more