Interview
Interview with De Nederlandsche Bank (DNB) on the impact of COVID-19 on payments Thursday 29 April 2021 08:43 CET | Editor: Claudia Pincovski | Interview
The crisis created by the COVID-19 pandemic has led to a global recession and it is dramatically changing consumers’ payment habits
According to a
Survey of central banks on the impact of COVID-19 on cash and digital payment policies done by Lipis Advisors, an international consultancy focused exclusively on the payments industry, and Currency Research, a global resource for central banks, the pandemic has limited the ability of consumers to make paper-based payments. Furthermore, since March 2020, consumers have exhibited a preference for contactless payment solutions such as using a card, smartphone or wearable device, and ecommerce transactions have spiked.
Ex-Deloitte auditor faces penalties in the Netherlands over Steinhoff
By Janice Kew
(Bloomberg) – An ex-Deloitte LLP partner is facing disciplinary action in the Netherlands for an improper audit of Steinhoff International Holdings NV prior to the South African retailer’s near-collapse more than three years ago.
The Dutch Authority for the Financial Markets accuses Patrick Seinstra of failing “to obtain sufficient and appropriate audit evidence from the annual accounts,” according to papers from the hearing.
Deloitte refused to sign off on Steinhoff’s accounts in late 2017, leading to the resignation of then Chief Executive Officer Markus Jooste and a share price slump. The firm had been auditing Steinhoff for years, initially in South Africa and then from Europe after the company moved its primary listing to Germany.
Ex-Deloitte auditor faces disciplinary action over Steinhoff accountingtoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from accountingtoday.com Daily Mail and Mail on Sunday newspapers.
The Company is established as a closed-ended investment company domiciled in Guernsey. The Company has received the necessary approval of the Guernsey Financial Services Commission and the States of Guernsey Policy Council. The Company is registered with the Dutch Authority for the Financial Markets as a collective investment scheme pursuant to article 2:73 in conjunction with 2:66 of the Dutch Financial Supervision Act (Wet op het financieel toezicht). The shares of the Company (the Shares ) are listed on Euronext Amsterdam. The Shares are also listed on the Official List of the UK Listing Authority and admitted to trading on the London Stock Exchange plc s main market for listed securities.