The Investment Plan for Europe, the Juncker Plan, has played a key role in boosting jobs and growth in the EU. Investments by the European Investment Bank (EIB) Group backed by the Juncker Plan’s European Fund for Strategic Investments (EFSI) have increased EU gross domestic product (GDP) by 0.9% and added 1.1 million jobs compared to the baseline scenario. By 2022, the Juncker Plan will have increased EU GDP by 1.8% and added 1.7 million jobs. These are the latest calculations by the Joint Research Centre (JRC) and the Economics Department of the EIB Group, based on financing agreements approved until the end of June 2019.
On 15 October 2019, EIOPA, the European Insurance and Occupational Pensions Authority, published an extensive and long consultation paper (878 pages!) to prepare for the review of the Solvency II framework directive. Since 1 January 2016, about 2800 insurers and reinsurers in the EU apply Solvency II. The directive is up for a selective mandatory review by the Commission by 1 January 2021. Therefore, EIOPA must complete its technical advice in the form of an Opinion to the European Commission by 30 June 2020. The review of Solvency II directive is broad: the consultation covers 19 topics. Continue reading…
A key intervention in the growing critical literature on race, this volume examines the social construction of race in contemporary Australia through the lenses of …
Megan Butler, Executive Director of Supervision – Investment, Wholesale and Specialists, talks about the following during here speech: Financial crime and the criminal activity it facilitates causes incalculable damage to society – our joint endeavour is to monitor entry, devise controls and erect barriers powerful enough to stop criminals from causing further harm. New technologies give us unprecedented access to innovative products and services, and flexibility in how we use them. But they also give criminals sophisticated tools to bend the financial system to their own ends. Used to the right ends, these technologies can be gamechangers in the fight against financial crime – both for industry and the regulator.
As governmental regulations tighten, today’s banks must have a thorough and systematic understanding of risk calculations and their associated data lineage—including where underlying data originates and how it flows through enterprise systems. This paper discusses how connected data and graph database technologies are a new way of transforming risk reporting in modern banks to help them meet the stringent demands of risk reporting compliance. Where data governance is key and needs to be addressed, a modern graph approach has proven to be more reliable for risk management than a traditional solution.
At the same time, those forward-looking banks are uniting data silos into an information foundation for building innovative applications. These solutions provide extreme visibility, transparency and deep analytical insights that improve compliance efforts and day-to-day decision making in a more simple and effective way.
Visitors to the Risk & Compliance Platform Europe can download this whitepaper for free. This document is intended for those with a professional interest in risk and / or compliance.
The Financial Reporting Council (FRC) has launched a substantial and ambitious revision to the UK Stewardship Code. The new Code substantially raises expectations for how money is invested on behalf of UK savers and pensioners. In particular, the new Code establishes a clear benchmark for stewardship as the responsible allocation, management and oversight of capital to create long-term value for clients and beneficiaries leading to sustainable benefits for the economy, the environment and society.
The FCA has started proceedings against Park First Limited, its senior managers, including its chief executive officer and a number of other companies connected to the Park First group. The FCA is seeking compensation orders in favour of investors in respect of losses they have suffered in the Park First scheme.
by Michel Klompmaker
The Belgian Cyber Security Convention (BCSC) is an event that was held on October 16 to push organizations to seriously invest in protecting their data from exposure to cybersecurity risks and threats. The convention was organized by Brewery of Ideas and took place at the Lamot Congress Center in Mechelen. It aimed to unite some of the best European experts in cybersecurity coming from about 14 different countries. The goal of the convention was to get businesses, public and private organizations to meet these experts, pass on the latest insights and become informed on the most important best practices and technologies.
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The Serious Fraud Office announced the closure of its investigation into LIBOR manipulation. ollowing a thorough investigation and a detailed review of the available evidence, there will be no further charges brought in this case. This decision was taken in line with the test in the Code for Crown Prosecutors.
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Gone are the days when organisations could simply promise a speak up culture. Today, fostering a culture of trust, integrity, and a positive work environment…
Download whitepaperEconomic uncertainty has driven the perfect storm of interlocking risks described in last year’s Risk in Focus in new directions in 2023. Organisations are now…
Download whitepaperLieve LowetEU Affairs consultant and lobbyist
Elina Karpacheva Chair of the European Compliance Centre based in Sofia, Bulgaria
Ahsan HabibManager, AML Investigation - Correspondent Banking, Royal Bank of Canada
Michael AmadoLawyer in Paris / Lawyer in Canada
Alex MovchanAlex Movchan CIA CICA CFE is the President of the Institute for Internal Controls - Central and Eastern Europe
Elena PykhovaElena Pykhova is a thought leader, influencer and founder of a think tank, Best Practice Operational Risk Forum. 
Daniel VaknineCEO and Partner of Visslan
Nancy MehradAuthor and the CEO and Founder of Registrant Law Professional Corporation
Ajay KataraConsulting Partner and Head the RegTech Portfolio in Banking Risk Management area at Tata Consultancy Services (TCS)
Introduction Aware of the ins and outs of the CSRD in one day During this practical day, you will learn everything about the CSRD quickly…
The EIB, the European Union’s bank, is seeking to recruit for its Group Risk & Compliance Directorate – Regulation and EIB Group Risk Department –…
Language:English
ISBN:9791280623188
Price:€ 34.95 (Paperback)
The book introduces the key elements contributing to entrepreneurial vitality and sustainability in the medium and long term with a specific focus on digital transformation….
This timely, expertly written monograph looks at the legal impact that the use of ‘Big Data’ will have on the provision – and substantive law …
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