Reporting Archive

Given the rapid acceleration of the Covid-19 pandemic, the first-quarter 2020 reporting season will be the most challenging period for banks since the Great Recession.  Management teams will likely face many questions they have never been asked before as the investment community attempts to assess the current and future impact of the Covid-19 crisis on their companies. Based on our discussions ...

UK regulator the Financial Conduct Authority (FCA) is asking British firms to delay publication of preliminary results for at least two weeks in response to business disruptions triggered by the Covid-19 crisis in the last couple of weeks, reveals the authority in a statement published last week.  On March 21, the FCA sent a letter to listed companies based in the UK, requesting that firms due to present preliminary financial statements in the upcoming days should ...

The Canadian Securities Administrators (CSA) – the umbrella organization for regulatory bodies from 10 provinces and three territories – has offered an extension on regulatory filings for market participants including issuers and investment funds. On March 18, the CSA released a statement saying that eligible market participants could have a 45-day extension to filings d...

The past few weeks have seen extreme volatility in the world’s capital markets, driven by the uncertainties surrounding Covid-19, the strain of coronavirus that is rapidly causing global anxiety.  The past 10 days have seen the Dow Jones Industrial Average post record declines and a record rise. It is hard to exaggerate the scale of market volatility, with trillions of dollars in valuation removed then added to company market capitalizations. Investors responded ...