Lloyd’s CEO, John Neal, said, “Collaboration is the hallmark of the...
Category:
Risk Management
Latest
Probe into EY India’s office after worker’s death finds it lacked labour welfare permit
EY faces scrutiny in India over the death of audit executive Anna...
Businesses in APAC taking longer to convert working capital into cash, affecting liquidity: Aon
According to the report, the average days receivable for Asia...
Lloyd’s to create single governing body, merging Council and Franchise Board
The news follows five months of consultation across the Lloyd’s market, with more than 90% supporting the proposal to merge the board into the council and create a single governing body for the Corporation of Lloyd’s and the Lloyd’s marketplace, said Lloyd’s in a statement.
Moody’s cuts India outlook to negative, predicts ‘prolonged slower growth
“A prolonged period of slower economic growth would dampen income growth and the pace of improvements in living standards, and potentially constrain the policy options to drive sustained high investment growth over the medium-to long term,” William Foster, vice president of Moody’s Sovereign Risk Group, wrote in a statement.
IMF wants govt to be more credible, transparent on fiscal numbers
The comments come amid allegations of the budget math not adding up with some pointing to a Rs 1.7 trillion hole in the estimates, and also over 100 economists questioning the official data computation.
Facebook employing user data as a weapon against rivals: Report
Some 7,000 pages of documents reveal how Facebook chief Mark Zuckerberg and his team harnessed users’ personal information to reward partners by giving them preferential data, while depriving rivals of the same sort of information, it reported.
Govt not planning to help banks rescue DHFL: Report
DHFL’s creditors include mutual funds, pension funds, insurance firms and a wide array of retail investors, and its a potential collapse could impact India’s already ailing banking sector and further weaken economic growth.
Global debt load surges to new all-time record high of $188 trn: IMF chief
“The bottom line is that high debt burdens have left many governments, companies, and households vulnerable to a sudden tightening of financial conditions,” IMF chief Kristalina Georgieva warned Thursday.
New FDA warning letters show Indian drug makers’ quality concerns persist
The latest regulatory crackdown shows US regulator’s stance is hardening toward lapses in quality control even as it seeks cheaper drugs to contain health care costs. Indian pharmaceutical factories collectively produce about 40 per cent of the American generic drug supply and have been faulted in the past by the FDA for everything from lax documentation to open toilet drains and malfunctioning equipment.
Suit against Facebook alleges age, gender bias in financial services ads
According to the complaint filed in San Francisco federal court, Facebook persists in its willingness to let financial services advertisers “target” prospective customers by age and gender, despite a recent overhaul covering other kinds of ads.
Draft law proposes compensation for faulty medical devices, implants
“…any person who has suffered harm or injury as a result of any violation of any provision of this Act, rules or regulations, such person shall have the right to seek compensation from the manufacturer or other economic operator committing a violation in respect of that device,” the proposed law reads.
1.3 Million Indian Payment Card Details Up For Sale On Dark Web
The debit and credit cards belong to multiple Indian banks and are being sold for $100 each, in what security researchers have dubbed one of the biggest card dumps in recent years.