risk-management
Top StoriesUK Competition Watchdog Sets Deadline for Lseg Takeover of Quantile
Top StoriesGerman Financial Watchdog Warns of ‘very Big’ Risk of Cyberattacks
Top StoriesBank of England to Focus on Financial Resilience to Climate Change, Says Policymaker
Top StoriesFinland’s Fennovoima Ends Plans for Russian-Built Nuclear Plant
Goldman Sachs Slashes Credit Exposure to Russia
Date: May 2, 2022
(Reuters) -Goldman Sachs Group Inc reduced its total credit exposure to Russia to $260 million in March from $650 million at the end of 2021, the bank said in a regulatory filing on Monday. The bank said market exposure tied to Russia and total exposure to Ukraine were not material. In March, Goldman Sachs became...
Tesla Recalls 48,000 U.S. Vehicles Over Speed Display
Date: April 29, 2022
By David Shepardson WASHINGTON (Reuters) – Tesla is recalling about 48,000 Model 3 Performance vehicles in the United States because they may not display the speedometer while in “Track Mode,” documents released Friday show. The recall covers vehicles from the 2018 through 2022 model years. Tesla will perform an over-the-air software update to address the...
Sanctions Tighten Screws on Russia’s Sovcomflot as Ship Insurers Cut Cover
Date: April 29, 2022
By Jonathan Saul LONDON (Reuters) – Western ship insurers are terminating cover for Russia’s leading shipping company Sovcomflot as multiple sanctions start to bite, companies involved say, adding to the growing challenges for the state-owned company and Moscow’s efforts to export oil and gas. Russia’s maritime sector is seeing the wind down of multiple services,...
Japan Finds Wreck of Boat Missing After Accident That Killed 14
Date: April 29, 2022
TOKYO (Reuters) -Japan located on Friday the hull of a tour boat off its northern coast, the coast guard said, six days after the vessel disappeared in an accident that killed at least 14 people on a sightseeing trip. The hull of the “Kazu I” was found on the seabed at a depth of about...
Navigating Legal and Compliance Challenges When Starting Out
Date: April 28, 2022
By Simon Dodds, Of Counsel, Shearman & Sterling The complexity and uncertainty of law and regulation pose challenges for FinTechs and other startups in the financial services sector. Early stage FinTechs may structure their business to keep outside the relevant regulatory perimeter, but over time many find themselves within it, and subject to some form of regulation....
Cybersecurity in the Financial Services Industry
Date: April 27, 2022
By Alfredo Rubina, Vice President of Financial Services at SoftServe, a digital consulting and advisory firm that provides innovative technology solutions for some of today’s biggest brands. A growing number of financial institutions are migrating to the Cloud. According to Google Cloud research, 83% of financial industry executives said their organizations already used cloud technologies...