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Europe’s Banks Brace for Russia Fallout While U.S. Banks See Limited Pain
Date: February 24, 2022
By Lawrence White, Alexandra Schwarz-Goerlich and Pete Schroeder WASHINGTON/VIENNA/LONDON (Reuters) -European banks on Tuesday were bracing for the fallout from fresh global sanctions as the Ukraine crisis escalated, although U.S. bank executives said they expected the industry to be insulated from major disruption after pulling back from Russia in recent years. Europe’s banks – particularly...
Lloyds on ‘heightened Alert’ for Russian Cyberattacks on Banks – CEO
Date: February 24, 2022
By Iain Withers LONDON (Reuters) -Britain’s biggest domestic lender Lloyds said on Thursday it was on “heightened alert” for cyberattacks from Russia as the crisis in Ukraine has worsened. “We’ve been on heightened alert… internally around our cyber risk controls and we’ve been focused on this now for quite a while,” Lloyds CEO Charlie Nunn...
European Finance Reacts to Ukraine Conflict With Emergency Plans, Bond Freezes
Date: February 24, 2022
By Tom Sims and Iain Withers FRANKFURT/LONDON (Reuters) -Europe’s financial sector scrambled on Thursday after Russia invaded Ukraine, with Allianz saying it had frozen its Russian government bond exposure and top British domestic lender Lloyds saying it was on “heightened alert” for cyberattacks. Deutsche Bank said it had contingency plans in place. Shares of leading...
Reducing the Impact of Human Error in Financial Services
Date: February 23, 2022
By Paul Holland, CEO of Beyond Encryption According to the Information Commissioner’s Office, in 2021 there were 9,758 recorded security incidents altogether, with only 2,759 of these being classified as cyber incidents. The remaining 6,999 were classed as non-cyber incidents, caused by human error, with the most frequent incident (1,637) being misfired emails. Even phishing...
New Technology Innovations Will Place ESG on a Par With Other Forms of Accounting
Date: February 23, 2022
Dr. Sandy Smith, EHS&S Vice President – EMEA & APAC, Sphera, Brian Payer, Vice President, EHS&S, Sphera Sustainability is rapidly becoming a prime driver behind consumer and investor decisions, transforming Environmental, Social and Governance (ESG) factors from an optional bolt-on into a key financial risk. An increased spotlight on corporate ESG performance, especially in the...
The Evolution of the CFO
Date: February 23, 2022
By Mark Preston, Senior Consultant and Subject Matter Expert for Finance Solutions and External Affairs UK&I at Dun & Bradstreet Although the CFO role has adapted and changed over time, the pandemic has altered it for good – and there’s no going back. In less than a month of the pandemic starting in 2020, CFOs...