EU seeks tougher scrutiny over Huawei 5G cyber security risks
The European Union (EU) is worried about potential cyber security risks from Chinese technology companies. Several members are concerned with...
Europe
Deutsche Bank settles €4m ‘Cum-Ex’ fraud investigation
Deutsche Bank settled a €4 million fraud investigation with German public prosecutors for its role in helping clients carry out...
Moody’s downgrades Italy credit ratings on budget deficits concerns
Italy appears to be in the midst of another major financial crisis as Moody’s cut its credit ratings from “Baa2”...
Danske Bank scandal exposes money laundering risk
Financial institutions are at greater risk for money laundering losses than ever before. The Danske Bank scandal reveals that even...
Deutsche Bank moves euro clearing operations as Brexit risks mount
Germany’s biggest bank, Deutsche Bank has shifted an important part of its euro clearing business to Frankfurt from London due...
German Finance Minister calls for EU-wide unemployment insurance
German Finance Minister Olaf Scholz suggested that the time has come to create a Europe-wide network for unemployment insurance to...
EU regulator publishes guidelines on MiFID II requirements
The European Securities and Markets Authority (ESMA) recently published report updates in regards to the transparency and market structure issues...
Sogaz buys VTB Insurance to create Russia’s largest insurer
Russia’s largest insurer the Sogaz Group is about to get a lot bigger. VTB Bank sold its insurance subsidiary VTB...
Danish Insurer Alpha Insurance goes bust
Alpha Insurance – one of the major home and motor fleet insurance companies in Europe- is bankrupt. The Denmark-based insurer...
Top experts warn on emerging Artificial Intelligence latent risks
Machine Learning, Robotic Process Automation, Neural nets and Cognitive Automation are just some of the buzzwords that are all part...
