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TechnologyData Security: Why the Responsibility Sits With the C-Suite
TechnologyHow Financial Institutions Can Avoid Re-Infection in the Age of Ransomware
InterviewsTaking on Financial Crime: Nice Actimize Drives Ai, Cloud, and Data Intelligence to Address FI’s Challenges
Top StoriesCompanies Face Stricter Supply Finance Disclosures After Greensill Collapse
Ericsson Beats US Shareholder Lawsuit Over Graft Disclosures
Date: May 25, 2023
Ericsson beats US shareholder lawsuit over graft disclosures (Reuters) – Swedish telecoms company Ericsson beat a lawsuit by U.S. shareholders on Wednesday, when a federal judge ruled it did not mislead investors about its compliance with U.S. anti-bribery laws. The lawsuit filed by a Boston-based pension fund claimed that Ericsson had overstated the extent to...
Watchdog Proposes First Set of Global Rules for Crypto Sector
Date: May 23, 2023
Watchdog proposes first set of global rules for crypto sector By Huw Jones LONDON (Reuters) -International securities watchdog IOSCO unveiled on Tuesday the first global approach to regulating cryptoasset and digital markets, drawing on lessons from last year’s collapse of the FTX exchange that fuelled concerns over consumer protection. The industry, which typically only has...
Euro 7 Emissions Standard to Cost Many Times Ec Forecasts -Industry Group
Date: May 23, 2023
LONDON (Reuters) – Proposed Euro 7 emissions regulations will lead to direct costs for auto manufacturers that are up to 10 times higher than the European Commission’s forecasts, Europe’s car industry group said on Tuesday, citing a new study. The European Automobile Manufacturers Association (ACEA) said a study by consultancy Frontier Economics found that the...
Regulators Dust Off Rule Books to Tackle Generative AI Like ChatGPT
Date: May 22, 2023
LONDON/STOCKHOLM (Reuters) – As the race to develop more powerful artificial intelligence services like ChatGPT accelerates, some regulators are relying on old laws to control a technology that could upend the way societies and businesses operate. The European Union is at the forefront of drafting new AI rules that could set the global benchmark to...
Meta Fined $1.3 Billion Over Data Transfers to US – Wsj
Date: May 22, 2023
Meta fined $1.3 billion over data transfers to US – WSJ (Reuters) – Facebook owner Meta Platforms Inc has been fined $1.3 billion by European Union privacy regulators for sending user information to the United States, the Wall Street Journal reported on Monday. (Reporting by Shivani Tanna in Bengaluru; Editing by Saumyadeb Chakrabarty)...
Audit Finds Holes in ECB’s Management of Bank Credit Risk
Date: May 12, 2023
FRANKFURT (Reuters) – European Central Bank supervisors are often too lenient with banks in how they manage credit risk, especially in the case of the worst performers, the European Court of Auditors (ECA) said on Friday in a report that highlighted a number of shortcomings. The ECB supervises just over a hundred of the euro...