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Top StoriesUK’s Biffa Soars on $1.7 Billion Buyout Proposal
Top StoriesShipping Struggling With Lack of Clarity on Sanctions – Shipowner Prokopiou
BankingTop Identity & Authentication Concerns in Banking & Finance
FinanceFinancial Resilience Faces Its Moment of Truth
American Chamber of Commerce, Others Warn of Impracticalities in EU Subsidy Plan
Date: June 2, 2022
(Corrects headline to say American Chamber of Commerce, not U.S. Chamber of Commerce) By Foo Yun Chee BRUSSELS (Reuters) – Proposed EU legislation targeting foreign state-backed buyers of European companies prompted by fears of a Chinese buying spree may be impossible to comply with in practice, the American Chamber of Commerce and peer groups for...
Fortanix Launches the Industry’s First Web 3.0-era Solutions Based on Confidential Computing to Secure Sensitive Digital Assets and Blockchain Infrastructure
Date: June 2, 2022
New suite based on Fortanix Data Security Manager adopts a 360-degree platform approach and FIPS 140-2 Level 3 certification to deliver unprecedented digital security for decentralized finance SAN FRANCISCO, Calif. (RSA Conference 2022, Booth 5886), June 2, 2022 — Fortanix® Inc., the data-first multicloud security company and leader in Confidential Computing, today announced the launch of a...
U.S. And Others Seek Ilo China Mission to Probe Alleged Xinjiang Abuses
Date: June 2, 2022
By Emma Farge GENEVA (Reuters) -The United States, Britain and other countries on Thursday called for the International Labour Organization to set up a mission to probe alleged labour abuses in China’s Xinjiang and urged Beijing to allow unfettered access. A committee at the U.N. agency is addressing China’s compliance with global labour standards after...
Deciphering the Complex Relationship Between Cross Border Payments & Regulation
Date: June 1, 2022
Anastasia Demetriou, Legal Counsel at IFX Payments Cross border payments may be an enigma to many, but simply put, they concern financial transactions where the payer and the recipient are based in different countries. Without effective regulatory intervention, the cross border payments arena can act as a breeding ground for financial crime and in a...
Britain Proposes Safety Net Against Failing Stablecoins
Date: May 31, 2022
By Huw Jones LONDON (Reuters) – Britain’s finance ministry set out plans on Tuesday for adapting existing rules to deal for any major stablecoin collapses, such as with TerraUSD this month. It is the latest sign of how regulators are trying to catch up with fast-moving developments in crypto markets which straddle national borders. “Since...
Protecting Whistleblowers Against Victimisation
Date: May 27, 2022
By Chris Boyle, Business Development Manager, Safecall Employees within the banking and finance sector are increasingly likely to use whistleblowing channels to report concerns about discrimination and harassment. With such a growing trend, employers should ensure that HR teams and managers are trained in whistleblowing and are able to respond appropriately when a matter is...