- Home
- GLOBAL THREATS
- Future of Business
- Sections
- Topics
- Editions
Australia’s Modern Slavery Act is about to get new teeth, and risk managers must respond swiftly, says Iona Cheng, director at Control Risks
Tough to measure and tricky to implement, how can organisations bolster risk culture?
UBS seeks to “preserve the value left in the business while limiting downside exposure”
By 2023, ESG performance will become a standard component for third-party risk assessment, predicts IDC
FINMA has opened proceedings against four managers as it orders the bank to improve its controls
Corporates must not put all their eggs in one basket where funding options are concerned
From supply chain and natural hazards to ransomware and risk management processes, APAC risk managers face multi-faceted compliance requirements
Mitigating risk in rare earth metals supply chains is essential for a just energy transition, say Kevin Braine and Oliver Stern
There are many lessons to be learned from the rollout of the sanctions and ensuing compliance efforts
Why firms must improve compliance, drive efficiency and tackle friction as the war in Ukraine rumbles on
AI brings the promise of progress and threat of disorder, as the launch of ChatGPT demonstrates
The Indian conglomerate accuses short seller of misinformation and alleges ulterior motives
New regulations emphasise financial sustainability as firms grapple with trade disruption and inflation
Corporates – forced to cope without travel for so long – will be more discerning when weighing up the value of a business journey
71% of organisations state that AI ethics and responsible AI are not a core part of their operational strategies
Climate-related concerns increase in Asia Pacific, with natural catastrophes and climate change amongst the top five risks
78% of banking CROs in Asia-Pacific are focused on China’s changing global role
Socio-economic changes and shifting consumer demands are among some of the challenges facing organisations
Without this, efforts to manage and optimise risk will be futile
Fallout from a global recession, lax cyber security and an uptick in litigation are other key risk drivers for 2023
AM Best has revised its market segment outlook on the China non-life insurance industry to stable from negative
Markets in the Mainland and Hong Kong will be brought closer to transform the SAR into a ’global risk management and insurance hub’
The move is welcomed, but there are calls to go a step further and restrict coal from its treaty business
The causes and solutions to Australia’s recent spate of high-profile data breaches
Risk managers in strategic and high-tech sectors must monitor efforts to decouple critical supply chains - Control Risks
The number of major breaches caused by cyber security incidents - including ransomware - calls for up-to-date response plans
It is simply not worth running the risk of going into any relationship blind, and accidentally breaching sanctions
Norman Marks offers some key questions for the board as Risk Awareness Week 2022 gets underway
Research from FM Global shines a light on the vulnerability of commercial properties which lack resilience
As tighter regulation comes into play, firms must extend their focus around ESG internally and within their wider value chain
Firms are being pushed to pursue a cleaner, greener, more equitable and ethical world. But it’s not easy being sustainable
Sensitive data of around 10 million customers, or about 40% of the population, were compromised
While nearly all respondents in Australia and New Zealand say that digital trust is important, just 12 percent have a dedicated staff role
The insurance industry has a ‘once in a lifetime’ chance to support the transition to Net Zero, so what’s holding it back
Lack of climate risk expertise and data are seen as the main obstacles for climate financial disclosure - WTW
Why relying on ESG ratings may be the quickest way to undermine your own reputation for ESG compliance
Data exfiltration is now prevalent in a significant majority of incidents as extortion techniques become increasingly complex
War-related cyberattacks are on the rise and the surge of sophisticated ransomware attacks is ongoing, warns research
Nearly half of businesses say fraud is a high concern but just 25% of Singaporeans say their expectations are being met
There are massive upfront costs in getting your organisation ESG-ready. So who pays?
The data protection rules will require firms to report a breach within six hours of discovery
Knowing where to start with ESG can be daunting for even the most seasoned of risk managers
NTU Singapore and CSA Singapore launch joint centre for cybersecurity evaluation, research, and education
How supply chain risks, D&O responsibilities and the rise of climate-related litigation are shaping the risk landscape
Publicly-listed firms will be compelled to report on third party climate risks as well as their own
Cyber is an ever-present threat, while sustainability is a top emerging risk for Asian corporates
Under the Financial Services and Markets Bill the maximum fine would be raised to $1m per breach
Chris McLaughlin joins from Aon to head up the venture - a response to ’heightened cybersecurity pressure’ on APAC firms
Less than one-third of the FTSE100 sample showed evidence of standalone reporting on climate change risk in line with TCFD
2021 was region’s “most challenging year yet for cyber insurance”, according to Aon Asia Market Review
Cyber ranks top Asia Pacific risk for the third consecutive year
The region’s chief executive Carrie Lam outlined plans to strengthen the SAR’s position as a centre for risk and insurance
Companies must map highly complex supply chains to identify signs of modern slavery - Verisk Maplecroft
Why 2022 will be a high-wire act for Asian businesses
Standards of corporate integrity have stayed the same or worsened since COVID began
Brokers have flagged emerging D&O risks, including COVID liabilities and ESG considerations
Boards remain more engaged in risk, but it’s time to start putting their money where their mouths are
75% of board members say climate change is very or entirely important to the strategic success of their companies - report
Why risk leaders must offer their boards next-level risk intelligence on governance, risk and compliance
If the politicians won’t go to battle against climate change, maybe insurers have the power to drive behavioural change
Risk management is not just about avoiding losses. It is about saying ‘yes’ when it counts
Is risk management strategically fit for purpose when it is too reactive and compliance-focused? asks Adrian Clements
In 2022, the world will start to spin differently thanks to a new global geopolitical order
Environmental issues are bottom of business leaders’ concerns and set to fall further in 2022, finds Beazley
Nearly half of respondents have turned down an investment opportunity over the past 12 months due to ESG concerns - BlackRock
How sustainability initiatives within the full lifecycle of goods and services benefits the bottom line and enhances reputations
New laws will require corporates to monitor their supply chains for human rights and environmental abuses
Get on top of your sanctions risk compliance or suffer reputational consequences
Move represents a “major step forward in establishing consistent, comparable global reporting standards” - TCFD
Boards risk being hamstrung by regulation, opting to comply rather than explain, even where there are unintended consequences
Horizon scanning is an essential tool for policymakers, explained European Commission vice president Maroš Šefčovič
The sharp drop in M&A activity in Asia Pacific can be attributed in part to the high regulatory bar in some jurisdictions
China: politics are important but it’s the regulations that matter for multinationals
Brokers terminate $30 billion merger agreement following “an impasse” with the US Department of Justice
Cyber attacks, pandemics and over regulation are among the biggest fears for CEOs at banks and insurers - PwC
Under mounting pressure to increase revenue and profits, 65% of organisations admitted taking due diligence shortcuts
Sector attitudes to risk vary, finds Beazley, with those hardest hit by lockdown restrictions feeling less resilient
Hong Kong is the second most simple jurisdiction in which to conduct business, finds TMF Group
It will provide central banks and supervisors globally with a common starting point for analysing climate risks under different scenarios
How money launderers are exploiting know your customer (KYC) checks and using the pandemic as a ruse to move money
Effective risk resilience is increasingly correlated to a firm’s viability and growth potential, finds Marsh
Is it time to abandon risk management and seek to manage performance instead? Let’s consider Bond’s latest mission
Analysis of $1 billion of insurance industry claims show cyber incidents, including crime, is the top cause of loss - AGCS
Companies with strong internal coordination and contingency planning will be better placed to respond to climate shocks
New tool will assess companies’ transition plans to a low-carbon economy and ensure firms can continue to access insurance
Pandemic is exacerbating trends such as cargo crime, man-made disruptions, and political protests, which all threaten supply chain resilience in 2021
Just a quarter are reporting portfolio emissions, which are on average 700 times higher than direct emissions
As companies look to pivot from the pandemic, their focus of attention is turning towards building sustainability in supply chains
Swiss Re CorSo risk framework helps firms assess physical climate exposure; Many climate ‘hotspots’ are located in Asia Pacific
Effective governance is at the heart of addressing climate risk and transitioning to a low carbon economy
As the sector faces further regulatory intervention, what will it take to bring about real change?
Data suite from JBA will help global financial services firms plan for their future and understand possible flood risk under different climate scenarios
New rules will require firms to disclose how climate change will affect their business on a ‘comply or explain’ basis
Research from Refinitiv reveals 43% of third-party relationships are not subject to any form of due diligence checks
Health and safety regulations are under the microscope more than ever before, but significant global differences in approach remain
Disruption to traditional working patterns and an increase in remote working is the top risk to the ethical conduct - EY
Supply chains may be complex and suppliers remote, but you must know their ESG strategies well.
Cyber Security Agency (CSA) to advise owners of critical information infrastructure (CII) on what they can do to further beef up their defence.