Month: March 2019

People Change: Wondering how to save the planet? Avoid these 7 deadly emissions

[About the author: Darren Wimhurst is an operations manager and writer. He was a student on the City, University of London Writing for Business short course in January-March 2019. Darren wrote this blog as part of a homework/in-class exercise on that course.]

Lord knows; I’m a sinner. But I can’t say I’ve been involved in anything deadly before.

Is it that bad? The United Nations Intergovernmental Panel on Climate Change (IPCC) reported in October 2018 that human activities have caused 1.0°C of global warming above pre-industrial levels. If this figure rises above 1.5C we face a number of apocalyptic scenarios.

How do we avoid said apocalypse? “We need to cut CO2 emissions almost in half (45%) by the end of the next decade,” says Kimberly Nicholas, associate professor at the Lund University Centre for Sustainability Studies (LUCSUS) in Sweden. Emissions need to be net zero by 2050.

Are world leaders directing the response? The UN sponsored the IPCC report but their remit extends to strongly worded recommendations. Responsibility lies with individual countries and after decades of negotiation on climate change there has been no slowing of the rising global carbon curve. To confirm: no change whatsoever.

So it’s down to us. Below, are the seven emissions we need to eliminate or significantly reduce.


FRTB: I am become death, destroyer of desks

[About the author: Satinder (Sid) Jandu is an industry expert/public speaker on risk. He was a student on the City, University of London Writing for Business short course in January-March 2019. Sid wrote this blog as part of a homework/in-class exercise on that course.]

The power struggle of regulators vs banks as god and man

Bang! The financial crisis of 2008 sent atomic shock waves across every corner of the world. Established pillars of finance which stood like Solomon’s temple, too big to fail, were rocked to the core. The relationship of god and man, regulator and bank, had changed forever.

The authority of god/regulator was reasserted through Basel III:

“…an internationally agreed set of measures developed by the Basel Committee on Banking Supervision in response to the financial crisis of 2007-09. The measures aim to strengthen the regulation, supervision and risk management of banks.” https://www.bis.org/bcbs/basel3.htm


After initially focusing on credit risk, the primary driver of the financial crisis, regulators turned to the final piece of the jigsaw, market risk. They set about conducting a Fundamental Review of the Trading Book, known as FRTB.

FRTB, or its real name “Minimum Capital Requirements for Market Risk”, is a global financial regulation that affects every bank in the world. https://www.bis.org/bcbs/publ/d457.pdf

This short blog examines whether regulators have gone too far and the struggle of banks to meet shareholder demands versus regulator demands.