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European, U.S. regulators tell banks to prepare for Russian cyberattack threat

by AIP Online Bureau | Feb 9, 2022 | Banking & Bancassurance, Eco/Invest/Demography, International News, Risk Management

Now the European Central Bank, led by former French minister Christine Lagarde and which has oversight of Europe’s biggest lenders, is on alert for the threat of cyber attacks on banks launched from Russia, the people said FRANKFURT/LONDON: The European Central...

India received USD 339.55 billion FDI in last 5 years

by AIP Online Bureau | Feb 9, 2022 | Data, Eco/Invest/Demography, Policy

The government has recently undertaken a number of reforms across sectors. In the last one year alone, reforms in the FDI policy have been undertaken in sectors such as insurance, defence, petroleum and natural gas, and telecom India has received Foreign Direct...

Former Warburg banker gets jail term in German fraud trial

by AIP Online Bureau | Feb 9, 2022 | Banking & Bancassurance, Risk Management

He is the second person to receive a jail sentence for trading activity that thrived during the years after the financial crash and cost Germany more than five billion euros ($5.72 billion) The fraud involved trading shares rapidly around a syndicate of banks,...
Surety Bond: To Be On a Sure Footing

Surety Bond: To Be On a Sure Footing

by AIP Online Bureau | Feb 9, 2022 | Articles, Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management

Rrajesh Sharrma, CEO and Principal Officer, Anand Rathi Insurance Brokers Considering the size of the Indian economy, the market demand for surety insurance will be so huge, it can be another game-changer like agricultural insurance after the introduction of Pradhan...

WHO: Global COVID-19 case counts decline 17 per cent in latest week

by AIP Online Bureau | Feb 9, 2022 | Health, International News, Pandemic

“The prevalence of the omicron variant has increased globally and is now detected in almost all countries,” WHO said. “However, many of the countries which reported an early rise in the number of cases due to the omicron variant have now reported a...
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