Risk Management

Facebook reported agreeing to 20-yr Pact on Privacy Oversight by US Govt

International News       May 20, 2019

The social media giant Facebook Inc. is headed toward an agreement with the U.S. government over its privacy policies and practices that would put it under 20 years of oversight, according to a source knowledgeable about the discussions.   The agreement would resolve a probe of...

Airlines urge Nations’ Regulators to avoid competing Safety Rules

International News       May 20, 2019

  Paris:  Global airlines urged regulators on Friday not to compete over setting new safety rules, after two crashes led to the grounding of the Boeing 737 MAX and raised questions about the international influence of the U.S. aviation authority.   The U.S. Federal Aviation Administration (FAA)...

Ashok Leyland ready to ride on Elon Musk's India dream 

Indian News       May 20, 2019

Mumbai: Tesla CEO Elon Musk who has been moving back and forth on his India dream for couple of years and unable to take the next big step now has an invitation from commercial vehicles major Ashok Leyland.   Musk wants to make India his next...

India's drug regulator warns patients against faulty Medtronic pacemakers

Indian News       May 20, 2019

New Delhi: The Indian drug regulator has alerted patients with implants of three Medtronic pacemaker models to seek immediate medical care if they feel light-headed, dizzy or experience chest pain and loss of consciousness, saying these could be signs of the devices' sudden battery depletion.  ...

London marine insurers widen Middle East threat zone after ship attacks

International News       May 17, 2019

   LONDON:  London’s marine insurance market has extended the list of waters deemed high risk to include Oman, the United Arab Emirates and the Gulf after ship attacks off Fujairah, officials said on Friday, in a move that could push up premiums.The London insurance market’s Joint...

Boeing completes 737 Max software upgrade

International News       May 17, 2019

  Chicago: Boeing has completed development of a software update for its 737 Max plane which was grounded following two fatal crashes within five months.The US firm announced that it had flown the 737 Max with the updated software on 207 flights.   It added it would...

Aon and Guy Carpenter partner with The Institutes RiskStream, to streamline the reinsurance placement process

International News       May 17, 2019

  London:  The Reinsurance Solutions business of Aon plc, and Guy Carpenter, a subsidiary of Marsh & McLennan Companies, have announce a joint effort with The Institutes RiskStream™ Collaborative to bring greater efficiency to the reinsurance placement process through distributed ledger technology (DLT).   The collaboration leverages...

U.S. blacklisting of China’s Huawei to disrupt Global Technology Supply Chain

International News       May 16, 2019

  The latest U.S. broadside against Huawei that puts the Chinese firm on an exports blacklist threatens to rattle the global tech supply chain, linked closely to the $105 billion business of the world’s top supplier of telecoms network equipment.   The Trump administration has said it...

RBI asks NBFCs with over Rs 50,000 crore in assets to appoint risk officers

Indian News       May 16, 2019

  Mumbai: The Reserve Bank of India said on Thursday that non banking financial companies (NBFCs) with asset size of more than Rs 50,000 crore should appoint a chief risk officer in a move to tighten regulation after a series of defaults at top lender Infrastructure...

In India election, a $14 software tool helps overcome WhatsApp controls

Indian News       May 15, 2019

NEW DELHI/MUMBAI:  WhatsApp clones and software tools that cost as little as $14 are helping Indian digital marketers and political activists bypass anti-spam restrictions set up by the world’s most popular messaging app, Reuters has found.   The activities highlight the challenges WhatsApp, which is owned...

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