Armis, the asset intelligence cybersecurity company, recently announced, The Anatomy of Cybersecurity: A Dissection of 2023’s Attack Landscape. The 2023 analysis of Armis’ proprietary data offers critical insight into the multifaceted challenges global organisations face when it comes to protecting the entire attack surface. Report findings serve as a blueprint to help security teams worldwide prioritise efforts to reduce cyber risk exposure in 2024. Continue reading…

by Tom Read

In the first part of the article that was published recently (see the related items section), Tom took a close look at 23 stats on big tech’s carbon footprint. He did so by first providing an overview of Tech’s Co2 emissions. He then talked about some stats about the best and worst among the Tech industry and consumer electronics. In this second part, he will take closer look at consumer media, search engines and artificial intelligence, emissions in FinTech and e-commerce, and the road to lower emissions.  Continue reading…

The European Banking Authority (EBA) has published amendments to the reporting requirements for market risk. As the implementation of the Fundamental Review of the Trading Book (FRTB) in the EU approaches, the EBA revised the information to be reported on the own funds requirements under the alternative approaches, and adds reporting on reclassifications of instrument between the regulatory books. Continue reading…

The Financial Conduct Authority (FCA) has launched criminal proceedings against Guy Flintham for committing fraud by false representation and for carrying out regulated activity without authorisation. The FCA alleges that between January 2016 and November 2021, Mr Flintham, based in Blackburn, Lancashire, defrauded around 240 investors by making false representations to persuade them to invest approximately £19m in an investment scheme operated by him. Mr Flintham made a number of fraudulent claims to investors, including about how the scheme was operated and the profits they could and were making via the scheme. He falsified documents in order to support some of his claims.
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by Tom Read

Since the beginning of the Industrial Revolution in the 18th century, the world has increasingly relied on technologies that emit greenhouse gasses. In the 20th century, economies shifted away from mechanical technologies and toward digital technologies that permeate nearly every industry and aspect of life. This large-scale adoption has caused greenhouse gas emissions to increase exponentially. These gasses have dangerously altered the Earth’s atmosphere, causing global temperatures to rise an average of more than 1C, and sea levels to rise 8-9 inches (21-24 cm). Continue reading…

by Simon Lelieveldt

We live in challenging times. A range of natural, macro-economic, technical and geopolitical factors influence the world we are living in. These developments shaped prior laws and the behaviour of regulators, supervisors and private companies and will continue to do so. Somewhere along the line, we can see a board member with the task to ensure adherence to law. He or she is responsible for compliance and has a range of compliance managers, advisors, business lines and experts available to help out. Continue reading…

The European Banking Authority (EBA) has published its report on liquidity measures, which monitors and evaluates the liquidity coverage requirements currently in place in the EU. Between June 2022 and June 2023, the EU banks’ liquidity coverage ratio (LCR) declined but remained comfortably above the minimum requirement. However, within this review period there were important fluctuations in the components of the ratio, driven mostly by changes in the banks’ allocation of funding deposits and the ongoing reduction of central bank liquidity. Unlike the LCR in domestic currency, EU banks’ LCR in foreign currencies remained below 100%.  Continue reading…

The EU’s Data Act has entered into force on 11 January, improving access to data in the EU market for individuals and businesses. In recent years, the Internet of Things has fuelled rapid growth in the amount of data out there. The new rules will encourage the use of data and ensure it is shared, stored and processed in full respect of European rules.  Continue reading…

The European Banking Authority (EBA) has recently published its Q3 2023 quarterly Risk Dashboard (RDB) together with the Risk Assessment Questionnaire (RAQ). The publication also includes information on minimum requirement for own funds and eligible liabilities (MREL). EU/EEA’s banks remained highly profitable, well capitalised and maintained robust liquidity. Banks expect the asset quality to deteriorate as higher interest rates affect borrowers. Continue reading…