by Michel Klompmaker
The Green Swan is a book written by qualified professionals from the Banque De France and the Bank for International Settlements (BIS). It examines the link between the effects of climate change and the stability of the financial sector. It also provides an in-depth survey of how global warming has slowly integrated into macroeconomic models and how they have progressively evolved to form better assessments of stability risks that arise from the phenomenon of climate change. On the other hand, this book also acknowledges the limitations of models and how they may not be able to accurately foresee the financial and economic impact of climate change. Continue reading…
Last December, the European Union concluded the ESA review with the publication of the ESA review legislation in the Official Journal. It consists of 3 legislative acts:
Regulation (EU) 2019/2175 which amended the EBA regulation, the ESMA regulation, the EIOPA regulation, MIFIR, the benchmark regulation and the funds transfer regulation. The amendments focused on giving new competences as well as on clarifying existing competences. Most new powers of the ESA started on 1 January 2020. Regulation (EU) 2019/2176 which amended the ESRB regulation and which came into force on 30 December 2019; and Directive (EU) 2019/2177 : this Directive changes among others a few articles in the SII directive. The transposition date is 30 June 2021. This means that the new provisions related to SII are applicable as of 30/6/2021 except the country specific volatility adjustment adaptation which is applicable as of 1/7/2020.This publication closes a long review. The new powers of EIOPA include for example the possibility to set up cooperation platforms in case of insurers which are active cross-border via branches and where there is a justified concern to worry about policyholder protection. Continue reading…
The master geopolitical forecaster and New York Times bestselling author of The Next 100 Years focuses on the United States, predicting how the 2020s will …
The Governing Council of the European Central Bank (ECB) launched a review of its monetary policy strategy. The monetary policy strategy was adopted in 1998 and some of its elements were clarified in 2003. Since 2003 the euro area and the world economy have been undergoing profound structural changes. Declining trend growth, on the back of slowing productivity and an ageing population, as well as the legacy of the financial crisis, have driven interest rates down, reducing the scope for the ECB and other central banks to ease monetary policy by conventional instruments in the face of adverse cyclical developments.
Environment Agency launches campaign (red. in UK) to highlight the impact flood damage has on mental health, advising people on the importance of signing up to flood alerts. Experiencing damage caused by extreme weather such as storms or flooding can increase the chance of facing mental health problems such as stress and depression by 50% while a quarter of people who have been flooded still live with these issues at least two years after the event. This is according to research highlighted by the Environment Agency this Flood Action Week as it urges people to be better prepared for the potentially devastating impacts of flooding.
The Securities and Exchange Commission announced charges against Guy S. Griffithe and Robert W. Russell, and three companies they controlled, for an alleged scheme that defrauded investors who thought they were purchasing interests in a Washington-licensed recreational cannabis company out of approximately $4.85 million. The SEC’s complaint alleges that between August 2015 and December 2017, Griffithe, of California, used Renewable Technologies Solution, Inc., an entity he controlled, to sell investors purported ownership interests in SMRB LLC, a Washington company owned by Russell that held a license to grow marijuana under the state’s recreational cannabis laws.
The Information Commissioner’s Office (ICO) has fined DSG Retail Limited (DSG) £500,000 after a ‘point of sale’ computer system was compromised as a result of a cyber-attack, affecting at least 14 million people. An ICO investigation found that an attacker installed malware on 5,390 tills at DSG’s Currys PC World and Dixons Travel stores between July 2017 and April 2018, collecting personal data during the nine month period before the attack was detected.
The Financial Stability Board (FSB) published the Global Monitoring Report on Non-Bank Financial Intermediation 2019. The report presents the results of the FSB’s annual monitoring exercise to assess global trends and risks from non-bank financial intermediation (NBFI). The annual monitoring exercise is an important part of the FSB’s policy framework to enhance the resilience of NBFI. It covers data up to end-2018 from 29 jurisdictions, which together represent over 80% of global GDP.
Some uncertainties are resolvable. The insurance industrys actuarial tables and the gamblers roulette wheel both yield to the tools of probability theory. Most situations in …
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Gone are the days when organisations could simply promise a speak up culture. Today, fostering a culture of trust, integrity, and a positive work environment…
Download whitepaperEconomic uncertainty has driven the perfect storm of interlocking risks described in last year’s Risk in Focus in new directions in 2023. Organisations are now…
Download whitepaperLieve LowetEU Affairs consultant and lobbyist
Elina Karpacheva Chair of the European Compliance Centre based in Sofia, Bulgaria
Ahsan HabibManager, AML Investigation - Correspondent Banking, Royal Bank of Canada
Michael AmadoLawyer in Paris / Lawyer in Canada
Alex MovchanAlex Movchan CIA CICA CFE is the President of the Institute for Internal Controls - Central and Eastern Europe
Elena PykhovaElena Pykhova is a thought leader, influencer and founder of a think tank, Best Practice Operational Risk Forum. 
Daniel VaknineCEO and Partner of Visslan
Nancy MehradAuthor and the CEO and Founder of Registrant Law Professional Corporation
Ajay KataraConsulting Partner and Head the RegTech Portfolio in Banking Risk Management area at Tata Consultancy Services (TCS)
Introduction Aware of the ins and outs of the CSRD in one day During this practical day, you will learn everything about the CSRD quickly…
The EIB, the European Union’s bank, is seeking to recruit for its Group Risk & Compliance Directorate – Regulation and EIB Group Risk Department –…
Language:English
ISBN:9791280623188
Price:€ 34.95 (Paperback)
The book introduces the key elements contributing to entrepreneurial vitality and sustainability in the medium and long term with a specific focus on digital transformation….
The Ascent of Market Efficiency weaves together historical narrative and quantitative bibliometric data to detail the path financial economists took in order to form one …
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