risk-management
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Kyiv Parish Ravaged by Occupation Makes Painful Split From Moscow
Date: June 14, 2022
By Conor Humphries IRPIN, Ukraine (Reuters) – For years a vocal minority at Saint Nicholas’ parish in the middle-class Kyiv commuter town of Irpin resisted calls to split from their spiritual fathers in Moscow. A millennium of sacred ties between Russia and Ukraine, they argued, should be above politics. But after three weeks of Russian...
Creating a ‘Risk-Aware Culture’ Through Contract Intelligence
Date: June 13, 2022
By Vivek Bharti, VP of Product Management at contract intelligence company, Icertis Managing business risk is a top priority for today’s companies. Risk can emerge from any part of a business and must be handled proactively to avoid devastating impacts. Often, these risks originate in an organisation’s contracts, either from an external party or the business...
The Sea Mines Floating Between Ukraine’s Grain Stocks and the World
Date: June 10, 2022
By Jonathan Saul LONDON (Reuters) -As the United Nations tries to broker a path for grain from Ukraine and temper worries about a global food crisis, hundreds of mines laid along the Black Sea present a practical nightmare that will take months to resolve even after any agreement. The Black Sea is crucial for shipment...
UK Banks No Longer Too Big to Fail, Says BoE
Date: June 10, 2022
By Iain Withers and Sinchita Mitra LONDON (Reuters) – The Bank of England is satisfied lenders have taken steps to ensure they are no longer “too big to fail” in any future crisis, it said on Friday, though it did find shortcomings at three leading banks. The BoE is aiming to stop banks from requiring...
Insurers Need to Do More to Prepare for Climate Change, BoE Says
Date: June 8, 2022
By Carolyn Cohn and Huw Jones LONDON (Reuters) -Insurers need to plug data gaps to be better prepared for the impact of climate change on their operations and further work may be needed on how much capital they should hold, the Bank of England (BoE) said on Wednesday. The BoE has just published the outcome...
Shipping Struggling With Lack of Clarity on Sanctions – Shipowner Prokopiou
Date: June 6, 2022
ATHENS (Reuters) – Shipowners are struggling to know what trades are still legal as a raft of sanctions against Russia and tough measures on other countries including Iran remain confusing, leading Greek shipowner George Procopiou said on Monday. Sanctions imposed on Moscow after it invaded Ukraine in February, including a U.S. ban on its oil...