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Risk Management tag returned 381 results

  • China: CIRC warns insurance funds again about financing local govts

    Chinese insurance funds must not be used to provide covert funding to local governments and must serve the real economy, reported the Xinhua News Agency citing a deputy chairman of the CIRC.

    Asia | 19 Feb 2018
  • Hong Kong: Securities and Futures Commission warns of cryptocurrency risks

    Yet another Asian regulator has expressed reservations about cryptocurrencies. Hong Kong's Securities and Futures Commission (SFC) issued a statement on Friday alerting investors to the potential risks of dealing with cryptocurrency exchanges and investing in initial coin offerings (ICOs).

    Asia Risk | 14 Feb 2018
  • Singapore: Financial institutions urged to use technology for safer customer onboarding

    The Monetary Authority of Singapore (MAS) has issued new guidance to financial institutions (FIs) on the use of innovative technology solutions to facilitate safe, non-face-to-face customer onboarding, which will also bring about time and cost efficiencies.

    Asia Risk | 14 Feb 2018
  • Institute of Risk Management furthers foray into Asia with new appointment

    The London-headquartered Institute of Risk Management (IRM) continues to expand its reach in Asia with its latest appointment of a global ambassador for Vietnam, Cambodia and Laos, Mr Saman Bandara of EY Vietnam.

    Asia Risk | 14 Feb 2018
  • Cyber attack top business threat for third year running--survey

    Cyber attacks have once again been ranked the top business threat for 2018, according to the seventh edition of the Business Continuity Institute's (BCI) Horizon Scan report. The large-scale cyber attacks that took place last year reaffirmed the need to build cyber resilient organisations.

    Asia Risk | 14 Feb 2018
  • Australia: Climate change threatens US$31 billion tourism industry

    Intensifying climate change is a significant risk to Australia's natural wonders, putting its A$40 billion (US$31.5 billion) tourism industry under threat, according to a report released by the Climate Council.

    Asia Risk | 14 Feb 2018
  • Australia: South Australia issues Cyber Security Strategic Plan 2018-21

    The South Australian Government issued a Cyber Security Plan 2018-2021 last week, setting out its programme of work for the next three years to strengthen its cyber security posture.

    Asia Risk | 14 Feb 2018
  • Egypt: Insurers' body urges members to set up risk management units

    The Insurance Federation of Egypt (IFE) has called on insurance companies to establish a specialised department for inspection and risk management within their organisation, in addition to adopting a sound policy to avoid losses in fire insurance coverage of high risk industries, like those engaged in paper, oil, chemicals and plastics.

    Middle East | 13 Feb 2018
  • China: CIRC caps insurers' overseas loans that are backed by domestic guarantees

    Insurance companies are required to cap their outstanding overseas financing that is backed by domestic guarantees at 20% of net assets as of the end of the previous quarter, according to a joint notice issued yesterday by the CIRC and the State Administration of Foreign Exchange (SAFE).

    Asia | 13 Feb 2018
  • Modelling risks: How could it have been worse?

    Downward counterfactual analysis is a concept in psychology that reimagines history to be contrary to what actually happened. In this exclusive interview, Dr Gordon Woo of RMS talks to us on how this can be useful to risk modelling by expanding the data available based on what could have happened.

    AIRPlus | 09 Feb 2018

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