Agility has become somewhat of a buzzword in recent months, as experts attempt to pin down the qualities required of businesses if they wish to succeed in today’s challenging environment. For many businesses, Brexit is proving the ultimate test of corporate agility, as boardrooms and risk teams grapple with the huge number of unknowns and a vast spectrum of possible outcomes and timings.

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The European Banking Authority (EBA) published a Consultation Paper on the draft amended Regulatory Technical Standards (RTS) and Implementing Technical Standards (ITS) on passport notification. The review of the two Regulations aims at improving the quality and consistency of information to be provided by a credit institution notifying its home competent authorities when it intends to open a branch or provide services in another Member State, as well as the communication between home and host authorities. The consultation runs until 13 February 2020.

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by Michel Klompmaker

On the 7th of November, the third edition of the Risk & Resilience Festival was held at the University of Twente in Enschede, which was organized by the university, the Society for Risk Management (GvRM) and Public Risk Management Organization (PRIMO). The theme surrounding this riveting event was “Risk meets Resilience for a Sustainable Future”. The overarching theme was also split into eight subthemes, which were resilience, vision & strategy, legal & compliance, technology, financial risks, human factor, operations & safety and data analytics. Around 100 speakers attended the event to share their knowledge and experiences together with about 750 people. Highlights of the event included three keynote speakers and the handing out of awards.

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by Costanza Matteuzzi & Aldo Pedico

In our first part of the article that has been published last week, we discussed the role of the European Union in the field of criminal law, company and personal needs, the requirements of laws, regulations and standards and the implications. Now in this second part, we will discuss the cybersecurity quality system, the paradigm, certification of the cybersecurity quality system process and finally end with a conclusion to our paper.  Continue reading…

The European economy is now in its seventh consecutive year of growth and is forecast to continue expanding in 2020 and 2021. Labour markets remain strong and unemployment continues to fall. However, the external environment has become much less supportive and uncertainty is running high. This is particularly affecting the manufacturing sector, which is also experiencing structural shifts. As a result, the European economy looks to be heading towards a protracted period of more subdued growth and muted inflation.

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Nick Cook, Director of Innovation at the FCA “The world we are living in is changing rapidly, no more so than in financial services. The way we pay our bills, the way we choose our financial products, the way we consume financial services is almost unrecognisable from just a decade ago. Much of this change has been driven by the data revolution which means that firms now know more about their current and potential customers than ever before, allowing them to create increasingly bespoke products and experiences.”

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The DPO Circle Annual Conference will take place on the 13th of December in The International Auditorium at Boulevard du Roi Albert II, 5, 1210 Brussels between 8:30-17:00 CET. The DPO Circle is a Belgian association of Data Protection Officers and also includes professionals who take part in implementing GDPR, Privacy and Data Protection compliance.  Continue reading…

by Costanza Matteuzzi & Aldo Pedico

We have undertaken writing this article to illustrate our idea of coining a new definition of Quality System. Remaining in the corporate organizational context, until today, we have associated the canonical definition of Quality with internal processes up to their certification (for example: ISO 9001). With the technological evolution and the risks that derive from it, on the one hand, and the enactment of recent European laws, on the other, the definition of Quality System requires a revision: conceptual (mentality), methodology (procedures), technology (products) and technical (activities or modes of intervention).

Our revision imposes the adaptation, in whole or in part, of the current way of approaching personal and business information processing systems, achieving an adjustment to current and increasingly complex needs. Here, we wanted to demonstrate our new assertion by illustrating and applying the new concepts. This assertion, as described in the following paragraphs, enriches the Quality System with the Cybersecurity value; this value is assigned a position of absolute and of primary importance, to the point of conferring a new and more adequate axiom: Cybersecurity Quality System.

This article will be published in two parts; the second part will be published next week. 

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The Investment Plan for Europe, the Juncker Plan, has played a key role in boosting jobs and growth in the EU. Investments by the European Investment Bank (EIB) Group backed by the Juncker Plan’s European Fund for Strategic Investments (EFSI) have increased EU gross domestic product (GDP) by 0.9% and added 1.1 million jobs compared to the baseline scenario. By 2022, the Juncker Plan will have increased EU GDP by 1.8% and added 1.7 million jobs. These are the latest calculations by the Joint Research Centre (JRC) and the Economics Department of the EIB Group, based on financing agreements approved until the end of June 2019.

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