Are you curious about the impact of Brexit on financial services and policymaking in the UK? Look no further than the London School of Economics (LSE) for an insightful analysis of the institutional reforms and regulatory challenges that have emerged since Brexit. Discover how the UK has navigated the repatriation of financial competencies, determined the status of existing EU regulation, and set out a future course for financial policy. Don't miss out on this must-read article for anyone interested in the critical role of financial services in the UK economy.

Are you curious about how antitrust regulations affect innovation in platform ecosystems? Look no further than a new study by Stanford's Department of Management Science and Engineering and Vanderbilt University Owen Graduate School of Management. The researchers examined the impact of antitrust intervention on platform ecosystems and complementors, using Microsoft's enterprise infrastructure software as a case study. The results may surprise you! Learn more about the complex relationship between antitrust and innovation in this fascinating article from Stanford University.

High school students, are you interested in the criminal justice system and the impact of legal representation on defendants' outcomes? Then check out the new RAND Corporation study published in Science Advances! The study found that providing legal counsel to defendants during their initial bail hearing led to a decrease in the use of monetary bail and pretrial detention without increasing the likelihood of failure to appear at the subsequent preliminary hearing. This is an important study that sheds light on the impact of legal representation on defendants' outcomes, and it is definitely worth a read!

Are you passionate about making a difference in the world? Do you want to help people and communities in need? If so, a career in nonprofit management might be perfect for you! Nonprofit management is a field that focuses on managing and leading organizations that are dedicated to serving the public good. These organizations can range from charities and foundations to advocacy groups and social enterprises. Nonprofit managers are responsible for overseeing the day-to-day operations of these organizations, ensuring that they are effective, efficient, and financially sustainable. One of the most appealing aspects of nonprofit management is the opportunity to make a real difference in people's lives. Whether you're working to provide food and shelter to the homeless, advocating for human rights, or promoting environmental sustainability, you'll be working towards a noble cause that can have a significant impact on the world. As a nonprofit manager, your duties may include fundraising, program development, volunteer management, financial management, and strategic planning. You may also specialize in areas such as marketing, communications, or human resources. Other related fields include public administration, social work, and international development. To pursue a career in nonprofit management, you'll typically need a bachelor's degree in a related field such as nonprofit management, public administration, or business administration. Some popular and relevant undergraduate programs and majors include the Bachelor of Nonprofit Administration, Bachelor of Public Administration, and Bachelor of Business Administration with a concentration in nonprofit management. Helpful personal attributes for a career in nonprofit management include strong communication skills, leadership abilities, and a passion for social justice. You should also be able to work well under pressure, manage multiple tasks at once, and be comfortable working in a team environment. Job prospects for nonprofit managers are generally good, with many opportunities available in both the public and private sectors. Notable potential employers include the United Nations, the Bill and Melinda Gates Foundation, the Red Cross, and the World Wildlife Fund, to name just a few. In the long term, the outlook for nonprofit management is positive, with a growing demand for professionals who can manage and lead organizations that are dedicated to making the world a better place. So if you're looking for a career that allows you to make a difference and create positive change in the world, consider a career in nonprofit management!

Are you curious about the future of banking and digital currencies? A recent research article from the London School of Economics explores the impact of a Central Bank Digital Currency (CBDC) on the market structure of banking and its effects on deposits, loans, and output. The article presents a model that shows how a deposit-like CBDC can promote bank intermediation and expand deposits, loans, and output. But what happens when a CBDC is non-interest-bearing? Read on to find out how this can create competitive pressure and motivate banks to provide better terms and services to their customers.

Social media has changed the dynamics of bank runs, as seen in the case of Silicon Valley Bank where depositors fled at an extraordinary rate of $40bn in one day due to social media chatter. This raises concerns about the fragility of the banking system built on faith and trust. The speed at which runs can take place and social media can be translated into loss is a new challenge that regulators need to address. The source passage explores the impact of social media on bank runs and the need for regulatory responses.

The Enron scandal of the early 2000s serves as a cautionary tale for businesses and individuals alike, highlighting the need for effective corporate governance and ethical behavior. The energy company, once hailed as one of the most innovative and successful in the world, collapsed amidst a scandal involving financial manipulation and corruption. The scandal had far-reaching consequences, resulting in massive financial losses for investors and employees, and contributing to the erosion of public trust in corporations and financial institutions. The Enron case serves as a warning for businesses and individuals to prioritize ethics and accountability in all their actions. To better understand the Enron scandal and its implications, it is essential to explore several academic themes, including corporate governance, ethics, and financial accounting. Corporate governance refers to the system of rules, practices, and processes by which a company is directed and controlled. Effective corporate governance ensures that a company operates in a responsible and ethical manner, while also maximizing shareholder value. Ethics, on the other hand, refers to the moral principles and values that guide individuals and organizations in their decision-making processes. In the case of Enron, the company's executives prioritized their financial interests over the well-being of their investors and employees, leading to the scandal. Finally, financial accounting is a critical aspect of corporate governance, as it provides transparency and accountability for a company's financial performance. In the Enron scandal, the company used complex and misleading accounting practices to deceive investors and hide their true financial situation. Leading academics in the field, such as David Beatty, R. Edward Freeman, and Lynn Sharp Paine, have made significant contributions to the study of corporate governance and ethics. Beatty has emphasized the importance of effective board oversight and ethical behavior in corporate governance, while Freeman has advocated for stakeholder theory, which emphasizes the importance of considering all stakeholders in business decision-making. Paine, in her seminal work on business ethics, has emphasized the need for companies to have strong ethical cultures, where employees are encouraged to speak up about unethical behavior and the company values integrity and accountability. In conclusion, the Enron scandal serves as a stark reminder of the importance of ethical behavior and effective corporate governance in business. By exploring the themes and concepts related to the scandal, students can gain a deeper understanding of the role of ethics and governance in business, and develop the critical thinking skills needed to navigate complex and often challenging business environments.

Are you interested in investing in bitcoin and want to know what factors drive its returns? Look no further than a groundbreaking paper from Illinois Institute of Technology researchers that provides empirical evidence on the predictive power of blockchain technology, investor sentiment, and economic stress levels for bitcoin returns. Published in The Journal of Alternative Investments, this paper offers insights to help guide investors, economists, and academics. Find out more about the dual nature of bitcoin as a technical artifact and speculative asset, and the risks associated with holding it as an asset.

Are you interested in human rights and exploitation issues? Canada has just passed landmark legislation aimed at combating modern slavery in supply chains, joining other nations like Australia, Netherlands, UK, and the US. The Fighting Against Forced Labour and Child Labour in Supply Chains Act requires government institutions and Canadian-linked companies to submit an annual report detailing their efforts to address forced labor and child labor in their supply chains. However, this is just the start of efforts to address modern slavery. Read on to find out more about this issue and its impact on businesses. (Source: The Conversation)

Cryptocurrency ventures are filing for bankruptcy, raising concerns about regulatory protection for retail consumers. Thomas Kalafatis and Richard Nesbitt argue that while cryptographically enhanced commerce is here to stay, regulators must become more aggressive with both coins and programming code to keep externalities under control. The lack of protection for disadvantaged consumers imposes a disproportionate cost of failure. Despite clear regulations, fraud still occurs, and more uniform and less arbitrageable regulation is needed to meet the public's demand for the benefit of cryptographically enhanced commerce.

If you're a student who is intrigued by the complex and ever-changing world of business, corporate law could be the perfect career path for you. Corporate lawyers play a critical role in advising companies on legal matters and helping them navigate the intricate web of laws and regulations that govern modern commerce. Here's a closer look at what a career in corporate law entails and why it might be a great fit for you. Corporate law is a fascinating field that blends business and law, with a focus on the legal issues that arise in the context of corporate activities. Corporate lawyers help companies with a wide range of legal matters, such as structuring and negotiating business transactions, complying with regulatory requirements, and resolving disputes. Some corporate lawyers work in-house for a single company, while others work for law firms that provide legal services to multiple clients. One of the most appealing aspects of a career in corporate law is the opportunity to work on high-stakes deals and transactions that can have a significant impact on the global economy. For example, a corporate lawyer might work on a merger between two multinational companies, help a startup navigate the legal hurdles of an initial public offering (IPO), or advise a Fortune 500 company on a major joint venture. The work can be challenging, but also incredibly rewarding. In terms of day-to-day responsibilities, corporate lawyers often research and analyze legal issues, draft contracts and other legal documents, and advise clients on the legal implications of various business decisions. Some corporate lawyers specialize in particular areas of law, such as securities law, tax law, or intellectual property law. Others work in related fields such as mergers and acquisitions, private equity, or investment banking. To become a corporate lawyer, you'll typically need to earn a law degree (J.D.) and pass the bar exam in the state where you plan to practice. Some popular undergraduate majors for aspiring corporate lawyers include business, economics, and political science. Many law schools offer courses and clinics focused specifically on corporate law, and some also offer joint degree programs that combine law and business. In terms of personal attributes, successful corporate lawyers tend to be analytical, detail-oriented, and able to think strategically. They should also have excellent communication skills, as they will be working closely with clients, other lawyers, and business executives. The job prospects for corporate lawyers are generally strong, particularly at top law firms and in-house legal departments at large companies. Many of the world's leading law firms have dedicated corporate practices, and some of the most well-known names in the business world, such as Goldman Sachs, Microsoft, and Procter & Gamble, have large legal departments that employ corporate lawyers.

Financial regulators have finally taken an interest in cryptocurrencies due to political pressure, despite law enforcement closely monitoring transactions for years. While crypto may not pose significant micro or macro concerns, regulators are compelled to act. However, their actions may backfire, warns Dr Jon Danielsson.

Learning about Ponzi schemes can help you become a more informed investor and a smarter consumer. Ponzi schemes are scams that offer high returns on investments but actually use new investors’ money to pay earlier investors. Bernie Madoff's Ponzi scheme, the largest in history, conned tens of billions of dollars from investors over multiple decades. Understanding how Ponzi schemes work can help you avoid falling victim to them and make better choices with your money. Learning about Ponzi schemes can also help you develop critical thinking skills as you evaluate investment opportunities and assess their legitimacy. By delving into this topic, you can become more financially savvy and protect yourself from fraudulent schemes.

Did you know that corporate fraud may be more widespread than we think? According to Professor Alexander Dyck and his team, 3% of U.S. companies are caught committing fraud each year under typical surveillance, but the real number may be closer to 10%. Their research, which examines the impact of the Enron scandal on detecting fraud, also estimated that fraud destroys about 1.6% of a company's equity value, representing about $830 billion in current U.S. dollars. This research will inspire you to explore the topic further and think critically about the role of regulation and oversight in corporate governance.

Are you curious about the link between derivatives and systemic risk in Africa's emerging financial markets? Check out this fascinating article from the London School of Economics! Learn about the growth of derivatives markets in Africa, their impact on financial stability, and the potential for a banking crisis. Discover how the use of derivatives can weaken the financial sector and create financial illiquidity, and explore pathways to ease the risk of a banking crisis in similar transitional economies. Don't miss out on this insightful analysis that sheds light on an important topic in the world of finance!

Do you have a passion for law and a knack for business? Are you interested in helping corporations navigate the legal landscape and protect their interests? Then a career in Corporate Counsel might be the perfect fit for you! As a Corporate Counsel, you will be responsible for providing legal guidance and advice to businesses on a variety of matters, including contracts, compliance, intellectual property, and more. You will work closely with executives and other stakeholders to ensure that the company is operating within the bounds of the law and that its interests are protected. One of the most appealing aspects of this career is the opportunity to work with a wide range of clients and industries. From tech startups to multinational corporations, every business needs legal guidance, and as a Corporate Counsel, you will have the chance to work with some of the biggest and most innovative companies in the world. Some of the typical duties of a Corporate Counsel might include negotiating contracts, drafting legal documents, conducting research on legal issues, and providing advice on regulatory compliance. There are also many potential areas of specialisation within the field, such as employment law, tax law, and intellectual property law. To become a Corporate Counsel, you will typically need a law degree and a license to practice law in your jurisdiction. Many Corporate Counsel also have undergraduate degrees in business or related fields, such as finance or accounting. Popular undergraduate programs and majors for those interested in this career include Business Administration, Economics, and Political Science. In addition to the required education and training, there are certain personal attributes that can be helpful in this career. Strong communication skills, attention to detail, and a strategic mindset are all important qualities for a successful Corporate Counsel. Job prospects for Corporate Counsel are generally quite strong, with many opportunities available in both the public and private sectors. Some notable potential employers include Amazon, Google, and Microsoft, as well as government agencies such as the Securities and Exchange Commission and the Department of Justice. So if you're looking for a challenging and rewarding career that combines your passion for law and business, consider a career in Corporate Counsel!

Why do companies manipulate their financial reports? A new study shows that the financial incentives of rank-and-file employees play a significant role in shaping corporate financial reporting. Researchers found that higher pay and fixed compensation for junior accountants can improve accounting quality, while cash bonuses tied to corporate earnings can lead to aggressive revenue recognition and misreporting. Learn more about the bean counters' dilemma and its impact on financial reporting in this thought-provoking study by the Stanford Graduate School of Business and the University of Washington's Foster School of Business.

Big-tech credit is projected to surpass $1 trillion globally by 2023, but what impact will it have on traditional lenders? Our research shows that non-bank traditional lenders face direct competition from big techs in small loans, leading to a decline in their lending business. However, they respond by holding higher lending standards, implying a more conservative attitude towards who qualifies as a borrower. Discover the implications of big-tech credit on the financial system and its potential impact on financial inclusion.

Corporate Law is the dynamic and fascinating field of law that deals with the legal aspects of businesses and corporations. It is a field that is constantly evolving and adapting to the ever-changing business world, making it an exciting and challenging area of study. One of the most interesting aspects of Corporate Law is its relevance to real-life situations. For example, when a company merges with another, Corporate Law governs the legal framework of the transaction. This can involve complex legal negotiations, drafting of agreements, and regulatory compliance. Corporate Law is also responsible for the legal aspects of corporate governance, including the roles and responsibilities of directors and officers, and the rights of shareholders. Innovative research and academic discourse in Corporate Law is constantly pushing the boundaries of what is possible. For instance, there is ongoing research into the use of blockchain technology to streamline corporate transactions and improve transparency. There are also debates around the role of corporations in society, and the extent to which they should prioritize social responsibility. At undergraduate level, students can expect to study a range of modules including Contract Law, Company Law, and Securities Regulation. Further specializations could include Mergers and Acquisitions or Intellectual Property Law. Real-life examples of Corporate Law in action include the acquisition of Instagram by Facebook, or the patent infringement litigation between Apple and Samsung. A degree in Corporate Law can open up a wide range of career opportunities, including roles in law firms, corporations, government agencies, and non-profit organizations. Notable employers include top law firms such as Skadden, Arps, Slate, Meagher & Flom, and global corporations such as Google and Goldman Sachs. To succeed in Corporate Law, students should possess strong analytical skills, attention to detail, and excellent communication skills. An interest in business and economics is also helpful, as is the ability to work well under pressure. Overall, a degree in Corporate Law is an exciting and rewarding path for students interested in the intersection of law and business.

Do you have a passion for both law and business? Are you interested in ensuring that organizations and companies operate in accordance with all applicable laws and regulations? If so, a career in legal compliance might be the perfect fit for you. Legal compliance is a field that requires professionals to ensure that companies are following all laws and regulations that apply to their industry. Compliance professionals work in a variety of industries, including finance, healthcare, technology, and more. They work to prevent legal violations and ensure that companies are operating ethically and responsibly. One of the most interesting aspects of legal compliance is the opportunity to work with a wide variety of stakeholders. Compliance professionals work with a range of individuals, including executives, managers, employees, and regulatory agencies. They collaborate with these stakeholders to create and implement policies and procedures that ensure compliance. Real-life examples of legal compliance can be found in many industries. For example, a healthcare compliance officer might be responsible for ensuring that a hospital is following all relevant medical regulations. In the finance industry, a compliance officer might ensure that a bank is following anti-money laundering laws. In the tech industry, a compliance officer might ensure that a software company is protecting user data in accordance with applicable privacy laws. Typical duties in legal compliance include conducting audits and risk assessments, creating and implementing policies and procedures, training employees, and managing regulatory relationships. There are many potential areas of specialization within legal compliance, including healthcare compliance, financial compliance, and data privacy compliance. Other related fields include legal risk management, regulatory affairs, and ethics and compliance. To pursue a career in legal compliance, most professionals hold a bachelor's degree in a related field such as business, law, or accounting. Some popular undergraduate programs and majors for legal compliance include accounting, business administration, and criminal justice. Advanced degrees, such as a master's in legal studies, may also be beneficial. Helpful personal attributes for legal compliance professionals include attention to detail, critical thinking, and excellent communication skills. A passion for helping organizations operate ethically and responsibly is also important. The job prospects for legal compliance professionals are strong, with a projected growth rate of 5% over the next 10 years. Notable employers in the field include large corporations such as Amazon, Microsoft, and JPMorgan Chase, as well as government agencies such as the Federal Reserve and the Securities and Exchange Commission.