All Weekly Email Alert articles – Page 50
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Marsh settles bid rigging suit for $88m
Lawsuit stems from bid-rigging allegations dating back to 2004
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Interviews
Risk managers are ignored
Audit and compliance professionals feel they do not have the influence to manage risk properly
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BAE arranges 5 year programme through Aon
First private sector business to adopt Aon’s aligned long term programme
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Online only52,000 UBS customers hid accounts from IRS
US authorities have demanded to see the identities of US customers with secret Swiss accounts holding about $14.8bn in assets
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Online only$10m mortgage fraud scam unearthed
Defendants are accused of obtaining more than two dozen subprime mortgages fraudulently
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Online onlyXL to remain in ‘practically all’ lines: McGavick
Staff eliminations and business cutbacks are efforts to prevent XL entering a downward spiral
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AnalysisInsurers are stable: AIRMIC Live
The impact of the financial crisis has mainly been offset by a hardening of the insurance cycle, say industry experts
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AnalysisPower struggles
Chavez's referendum victory increase political risks but Venezuela faces a difficult year with falling oil prices
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Online onlySupply chain disruption risk doubles
Global supply chains are becoming more vulnerable in more countries, say political risk analysts
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Online onlyS&P highlights another systemic risk
The rating agency said collateralisted loan obligations could be at risk if just a few companies default on their debt
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More due diligence needed
Firms are often ‘blissfully unaware’ of the range of risks that threaten the viability of their investments, say consultants
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AnalysisGreen habits
Companies should continue their green initiatives even in a struggling economy
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BSI consults on data protection standard
Standard designed to help organisations comply with 1998 Data Protection Act
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AnalysisThe Emperor’s new clothes
The banking crisis offers an opportunity to adjust our view of how the risk function should be engaged
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Online onlyCrisis pushes UK deeper into recession
UK economy is expected to contract by 3.3 % and unemployment to reach close to 2.9m by the end of the year, says CBI
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Crisis spurs investment in risk technology
The market for risk management systems is expected to grow by 13%
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HBOS risk boss was ignored
A senior risk officer warned that the bank was moving too fast but he was ignored
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FSA raised risk concerns before HBOS whistleblower
The UK regulator said it warned the bank about risk controls 2 years before a regulatory risk boss
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Online onlyData loss could rise during downturn
More redundancies and a growing black market for stolen information contribute to the problem says Overtis
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Safety body welcomes new health and safety law
The British Safety Council said the new Act, which threatens employers with prison over health and safety offences, would help increase internal controls
