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FM calls for exceptional vigilance on cybersecurity risks in financial system

FM calls for exceptional vigilance on cybersecurity risks in financial system

by AIP Online Bureau | Apr 25, 2026 | Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology

Nirmala Sitharaman,Union Finance Minister “…not just Sebi but all regulated entities will have to remain exceptionally vigilant. The tools of attack are evolving at high speed, and the tools of defence must evolve even faster,” Union Finance Minister...
New Insurance Act enshrines transparency in IRDAI’s functioning: Ajay Seth

New Insurance Act enshrines transparency in IRDAI’s functioning: Ajay Seth

by AIP Online Bureau | Apr 24, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Regulation

Ajay Seth, chairman, IRDAI “To my mind, that was the first time an act(The Sabka Bima Sabki Raksha (amendment of Insurance laws) Act, 2025) is talking about transparency in governance of the regulator. Now, that again is an indication of what the Indian...
Policybazar grows its NRI biz in GIFT City

Policybazar grows its NRI biz in GIFT City

by AIP Online Bureau | Apr 24, 2026 | Eco/Invest/Demography, Indian News, Technology, Wealth Management/ Philanthropy

Bimal Menon, principal officer, Policybazaar’s GIFT City Branch, said, “Among NRIs, GIFT City is gaining strong momentum as a preferred investment hub. This shift is driven by benefits including tax-free gains u/s 10(10D), availability of US Dollar denominated market...
Govt forms panel under SBI chief Setty to assess Mythos-related risks: Sitharman

Govt forms panel under SBI chief Setty to assess Mythos-related risks: Sitharman

by AIP Online Bureau | Apr 24, 2026 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology

Nirmala Sitharaman,Union Finance Minister There will be a lot of interaction among banks over the next few weeks to understand the threats and also look at the areas where additional investments will be required, Sitharaman said. She said all this while, the system...
Microsoft must face $2.8 billion UK lawsuit over cloud computing licences

Microsoft must face $2.8 billion UK lawsuit over cloud computing licences

by AIP Online Bureau | Apr 24, 2026 | Eco/Invest/Demography, International News, Technology

Competition lawyer Maria Luisa Stasi is bringing the case on behalf of nearly 60,000 businesses that run Windows Server on rival cloud platforms. Her lawyers have ​previously said the claim was worth up to 2.1 billion pounds ($2.8 ​billion). LONDON: Microsoft must...
World facing “biggest energy security threat in history”: IEA chief Fatih Birol

World facing “biggest energy security threat in history”: IEA chief Fatih Birol

by AIP Online Bureau | Apr 23, 2026 | Eco/Invest/Demography, Risk Management

Fatih Birol ,executive director,International Energy Agency The core of the current disruption remains the Strait of Hormuz, a primary maritime artery that previously facilitated the transport of 20 million barrels of oil and petroleum products daily. The passage is...
PwC pays $166 million to settle HK Evergrande audit probe

PwC pays $166 million to settle HK Evergrande audit probe

by AIP Online Bureau | Apr 23, 2026 | Eco/Invest/Demography, International News, Regulation, Risk Management

PwC “turned a blind eye” to Evergrande’s fraud, the Chinese securities regulator has said. PricewaterhouseCoopers LLP agreed to pay HK$1.3 billion ($166 million) in fines and compensation to settle investigations into its auditing work for the collapsed property giant...
Goldman Sachs settles shareholder lawsuit over Malaysian 1MDB scandal

Goldman Sachs settles shareholder lawsuit over Malaysian 1MDB scandal

by AIP Online Bureau | Apr 23, 2026 | Banking & Bancassurance, Eco/Invest/Demography, International News, Risk Management

Goldman agreed in 2020 to pay $2.9 billion in penalties and have a Malaysian unit admit criminal wrongdoing to settle 1MDB probes by the U.S. Justice Department and other authorities. Goldman Sachs has agreed to settle a class-action lawsuit accusing the Wall Street...
Ex-Credit Suisse team plans $1 billion Fund for Data Center Risk

Ex-Credit Suisse team plans $1 billion Fund for Data Center Risk

by AIP Online Bureau | Apr 23, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

It would be the first time a product in the market for insurance-linked securities specifically targets data-center risk, according to Hilti. Euler plans to structure the vehicle as a so-called sidecar, meaning investors will take a quota share of an insurer’s risk....
Protracted closure of Hormuz may lead to a wave of disputes: CFOs

Protracted closure of Hormuz may lead to a wave of disputes: CFOs

by AIP Online Bureau | Apr 23, 2026 | Eco/Invest/Demography, International News, Risk Management

“We expect a lot of financial disputes and a lot of force majeure,” Mercuria Energy Group Ltd. CFO Guillaume Vermersch said at the Financial Times Global Commodities Summit, adding that how the situation plays out out could shape some of the firm’s profit this year....
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