A week ago, Nayib Bukele opened his speech at United Nations General Assembly, saying: “I bring you greetings from the land of surf, volcanoes, coffee, peace, bitcoin, and freedom.” Last year, El Salvador became the first country in the world to adopt Bitcoin as a legal tender. During this time there has been no shortage…
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The over valued dollar and what the impact will be. As far as lenders are concerned the only story worth talking about at the moment is the current and completely unjustified strength of the US dollar against practically every other currency. Of course in the UK and the Eurozone there are other complicating factors which…
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Here are the most relevant developments in the world of structured reporting we became aware of in the course of last week. 1 Call for tenders – developing the XBRL taxonomy for the first set of ESRS The Corporate Sustainability Reporting Directive (CSRD) requires the adoption of EU Sustainability Reporting Standards (ESRS) to be developed by EFRAG. In…
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Workers’ compensation (WC) claims can significantly dent a business’s productivity and margins. Out-of-work employees coerce company leaders to manage with inadequate workforces while training replacement staff and augmenting employee safety. The average cost for a WC claim is $41,003. A leading WC risk is ergonomics-based incidents, including manual material handling and repetitive upper extremity movements…
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Here is our pick of the 3 most important stablecoin stories during the week. Are Crypto and Stablecoins used primarily for bad things? We keep hearing how everything Crypto is all just bad. Bad for Climate, Money Laundring, Drugs, Pornography, its a long list. Well this week I just happened to go down the Russia rabbit…
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This week’s post was inspired by “What happens when the bank robber is the bank,” an article posted by Chris Skinner last week. He’s talking about the situation in Lebanon where people are robbing their banks to get their own money. Let me start with a couple of stories. EminiFX was an online investment platform…
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Here are the most relevant developments in the world of structured reporting we became aware of in the course of last week. 1 Banks set to adopt XBRL for financial reporting The Central Bank of Iran is to announce XBRL (eXtensible Business Reporting Language) standards for financial reporting by banks. According to the CBI governor Ali…
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The Daily Fintech Week Ended 23rd. September 2022 The Pound is supposed to have sunk? What surprises me here is the way this event is reported by the British press. The pound is weak against the dollar and a number of other currencies but it is the strength of the dollar that is the real…
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Here is our pick of the 3 most important stablecoin stories during the week. How much interest is there in stablecoins? Interest rates are returning to Financial Markets and with it comes extra income for the existing private stablecoin issuers, in the meantime interest as in focus seems to be waning in the CBDC or Central…
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