by AIP Online Bureau | Dec 27, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Technology
The RBI said frauds present multiple challenges for the financial system in the form of reputational risk, operational risk, business risk and erosion of customer confidence with financial stability implications Mumbai: The number of bank frauds witnessed a...
by AIP Online Bureau | Dec 26, 2024 | International News, Risk Management, Technology
One of the Azerbaijani sources familiar with Azerbaijan’s investigation into the crash told Reuters that preliminary results showed the plane was struck by a Russian Pantsir-S air defence system. Its communications were paralysed by electronic warfare systems on...
by AIP Online Bureau | Dec 26, 2024 | Intermediaries, Non-Life
The recordings, in a report tabled by the Japan Transport Safety Board close to the first anniversary of the Jan. 2, 2024 tragedy, pointed to inconsistencies between the instructions by air traffic controllers to the pilots, and the subsequent actions by the cockpit...
by AIP Online Bureau | Dec 26, 2024 | Eco/Invest/Demography, Risk Management, Technology
Among the most notable hacks are the theft of more than $305 million from Japan’s crypto exchange DMM Bitcoin in May and the loss of $235 million from India’s WazirX in July Funds stolen by hacking cryptocurrency platforms surged 21% from a year ago to $2.2 billion in...
by AIP Online Bureau | Dec 26, 2024 | Eco/Invest/Demography, International News, Reinsurance, Risk Management, Wealth Management/ Philanthropy
Cat bonds continue to pay out more than many fixed-income assets. This year, investors are on track to earn returns of 16%, compared with a record 20% in 2023 Catastrophe-bond issuance rose to a record this year, increasing the overall market to almost $50 billion, as...
