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Exclusive-AIG Looks at Cutting Insurance for Russia, Ukraine -Sources
Date: April 8, 2022
By Noor Zainab Hussain and Carolyn Cohn LONDON (Reuters) – AIG, one of the world’s biggest commercial insurers, is considering cutting cover for Russia and Ukraine, to shield itself from the risk of hefty claims as sanctions ratchet up and the war drags on, an insurance broker and a source familiar with the matter said....
With the Sanctions Landscape Increasingly Complex, Companies Must Automate Checking Processes to Ensure Adherence
Date: April 8, 2022
Sanctions are now very much headline news; companies have to be sure that they remain in-line with the latest sanctions lists AJ Thompson, CCO Northdoor plc The beginning of 2022 has seen a huge rise in the profile of sanctions lists. There is now real pressure on organisations to make sure they are not dealing...
Shanghai Widens Covid Testing as Other Chinese Cities Impose Curbs
Date: April 8, 2022
SHANGHAI (Reuters) -Shanghai on Friday announced a record 21,000 new cases and a third consecutive day of COVID testing as a lockdown of its 26 million people showed no sign of easing and other Chinese cities tightened curbs – even in places with no recent infections. Beijing authorities intervened in Shanghai after its failure to...
Costa Rica Shuts Airport After Cargo Plane Makes Emergency Landing, Splits in Two
Date: April 7, 2022
By Alvaro Murillo SAN JOSE (Reuters) – Costa Rica’s Juan Santamaria International Airport will remain closed until 6 p.m. local time on Thursday after a Boeing 757-200 cargo aircraft operated by DHL made an emergency landing before skidding off the runway and splitting, aviation authorities said. The pilot and copilot were evacuated, airport operator Aeris...
Banks Are Missing Out on a Major Opportunity in Trade Finance
Date: April 6, 2022
By Patrick Manasse, Chief Compliance Officer, MonetaGo As the nature of trade evolves, how it is financed needs to also change. Trade finance is about securing an asset, such as a contract for payment or an invoice, and lending against that asset. Lenders have a multitude of products that help exporters get paid for goods...
HSBC Counterparty Credit Risk and Valuation Adjustments on Google Cloud Case Study
Date: April 6, 2022
HSBC: Driving breakthrough compute capacity and speed with Dataflow running on Google Cloud HSBC delivers new counterparty credit risk (CCR) and derivative valuation adjustment (XVA) engine with in-house built analytics library NOLA 2.0, powered by Google Cloud. The cloud-native risk management solution boosts calculation speed 10x by combining Graph Theory from Mathematics and Dataflow Elastic...