The changes aim to better differentiate big corporates from smaller...
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Wildfires and floods cause billion-dollar economic loss in Asia Pacific in the first quarter of 2025: Aon Report
George Attard, CEO for Reinsurance Solutions for APAC , Aon In the...
Global banking regulators agree to prioritise climate risk work
The oversight body of the world’s forum for banking regulators met...
Zuckerberg was warned on social media addiction, says a US court filing
Mark Zuckerberg,CEO,Meta The case in Oakland comprises a collection of scores of complaints filed across the US on behalf of adolescents and young adults who allege that Facebook, Instagram, TikTok, Snapchat and Google’s YouTube caused them to suffer anxiety,...
Over $70 bn wiped off global crypto market, Bitcoin drops below $20,000
Two crypto-friendly banks Silvergate Capital and Signature Bank collapsed last week, and billions of dollars belonging to crypto exchanges got stuck. New Delhi: The collapse of three banks in the US, including the giant Silicon Valley Bank (SVB), within a week has...
Finance firms with $136 trln urge boards for more environmental data
For the first time, the questionnaire will also ask companies about plastics-related business risks, for example around packaging, and how they are addressing them The increase in demand for more information from companies comes as regulators across the world begin to...
Markel strengthens global downstream energy offering with two appointments
Markel’s downstream energy team has now grown to include five underwriters who collectively deploy $150m of capacity on each risk, which has increased from $25m when the team was formed in 2017. London: Markel International, a subsidiary of the Markel Corporation, has...
Talks underway on Black Sea grain deal extension in Geneva
The initiative, brokered by the United Nations and Turkey last July, is up for renewal on March 18. Negotiations began on Monday between U.N. officials and Russian Deputy Foreign Minister Sergei Vershinin aimed at discussing an extension to a deal allowing the export...
Billions worth of crypto trades at risk as shutdown of 3 banks takes toll
Liquidity, or ease of trade, for Bitcoin-to-dollar and Bitcoin-to-Tether transactions on some US exchanges has dipped between 35% and 45% from the beginning of March to Saturday, according to research firm Kaiko. Meanwhile, crypto companies have been scouring for...
FDIC, US Fed discuss fund to backstop deposits if more banks fail
Regulators discussed the new special vehicle in conversations with banking executives, according to people familiar with the matter. The hope is that setting up such a vehicle would reassure depositors and help contain any panic, said the people. They asked not to be...
Fallout from SVB collapse spreads around world
This is just the beginning. SVB had branches in China, Denmark, Germany, India, Israel and Sweden, too. Founders are warning that the bank’s failure could wipe out startups around the world without government intervention. SVB’s joint venture in China, SPD Silicon...
ECB to test banks for cyber resilience
The ECB has long been warning banks to be alert for cyberattacks from Russia after the European Union passed a long series of sanctions against Moscow over its invasion of Ukraine. “There has been a significant increase in cyberattacks,” Enria said. “We cannot...
Analysis: China’s financial regulatory revamp raises hope, some concern over control
The watchdog, which will oversee all aspects of China’s $57 trillion financial sector apart from the securities market, should help reduce regulatory overlap especially at the level of local government, analysts say The new regulator will replace the banking and...