UK’s Prudential Regulation Authority Publishes Annual Business Plan | Cadwalader, Wickersham & Taft LLP

Posted on May 29, 2023
The UK’s Prudential Regulation Authority (“PRE“) has published its Business Plan for 2023/23 setting out its strategic priorities and anticipating its new, secondary objective to facilitate international competitiveness and economic growth which is currently being considered in Parliament in the Financial Services and Markets Bill (“FSM Bill”). The Business Plan covers four strategic priorities for the coming year: 1. Maintain and build on the safety and soundness of the banking and insurance sector and ensure continuing resilience The focus here is on financial resilience, and the PRA leads with its recent consultation on the UK’s implementation of Basel 3.1 standards…

FDA issues marketing denial for 6,500 flavored e-cigarettes

Posted on May 29, 2023
[1/3] Flavored e-cigarette products are seen on a store shelf in Raleigh, North Carolina, US, June 23, 2022. REUTERS/Arriana MclymoreMay 12 (Reuters) – The US Food and Drug Administration (FDA) on Friday issued marketing denial orders to 10 companies which collectively manufacture and market about 6,500 flavored e-liquid and e-cigarette products. The health regulator said these companies cannot market or distribute the products in the US and retailers who sell them risk FDA enforcement action. Any company that wants to legally market a new tobacco product in the United States must receive a written marketing order from the FDA.…

Vault Announces the Launch of the All-in-One Online Financial Platform for Canadian Small Businesses and Entrepreneurs

Posted on May 29, 2023
Article content Business owners now have access to a full suite of financial products and services to manage their businesses across borders, without fees or minimum balances TORONTO — Vault, the all-in-one online financial platform for small-to-medium sized businesses (SMBs), announces its official launch and widespread availability across Canada. Founded in late 2021 by Saud Aziz and Ahmed Shafik, Vault’s mission is to revolutionize the financial experience for Canadian entrepreneurs and SMBs by providing them with a one-stop-shop to manage their money more efficiently and effectively while saving on costly banking fees.Article content Vault’s platform is all online. Business…

Used car markets in ‘uncharted territory’ as high prices remain sticky, Edmunds says

Posted on May 28, 2023
With the spring car-buying season in full swing, those looking for a deal in the used-car market are not likely to find one. According to a new report, “Used Market Enters Uncharted Territory Post-Pandemic,” released from car-shopping site Edmunds.com, though used car prices softened a bit recently they still remain historically high. Edmunds’ data scoured from dealer retail pricing finds that the average used vehicle transaction price in Q1 slipped 6.4% year-over-year, but is still up 44% from five years ago. “After experiencing a meteoric rise in value, used-vehicle prices have slightly inched back toward Earth with the return of…

5 Steps to the Best Travel Management Process Flow

Posted on May 28, 2023
If corporate travel management is part of your daily grind, then you probably receive dozens of emails a week with travel requests, questions about itineraries, issues booking flights, last-minute changes, cancellations, and a whole slew of scheduling complications, especially when it’s comes to group booking. Rather than answering a million emails (and risk dropping the ball or missing out on seats because you couldn’t get to the email fast enough), why not move travel management outside of your email inbox altogether? Why not track it—as in, see what trips need to be booked and finalized, which ones are ongoing, which…

Free Resources: Managing Remote Teams

Posted on May 28, 2023
The global pandemic has completely changed the way we work with and relate to our teams in order to remain productive during these challenging times. Rick and the global IE team got together to present you with a free webinar on best practices for managing remote teams. There were a lot of great takeaways here, and we were so glad to be able to share this with you! Here’s a quick recap of some of the key strategies we discussed:Leadership as a coaching mindset: ask, listen, support Leverage technology to support and deepen relationships Connection, impact, and responsiveness Adaptive…

Households now owe more than Canada’s entire GDP, the housing agency warns

Posted on May 28, 2023
Canadian households are more in debt than those in any other G7 country, and the amount they owe is now more than the value of the country’s entire economy. That was one of the main takeaways of a new report from Canada’s housing agency, the Canada Mortgage and Housing Corporation, which backstops much of the country’s housing market via mortgage insurance. In a report published Tuesday, the CMHC’s deputy chief economist Aled ab Iorwerth said Canada’s economy is more at risk to whatever crises may arise because of how much debt Canadian households have racked up. “Canada’s very high levels…

A new essay collection grapples with the dark underside of beautiful objects

Posted on May 27, 2023
On the opening page of her absorbing essay collection, Maine author Katy Kelleher recounts a therapy session from her past, when she was severely depressed. Her therapist asked what made her get out of bed every morning. Beauty, and the prospect of seeing or holding something beautiful, was his answer. Years later, this quest for beauty has not only fueled a career, but led to her evocatively titled book, “The Ugly History of Beautiful Things.” The book is a mash-up of history, science and politics; business, marketing and memoirs. Which is to say, Kelleher is inventing her own genre as…