Cap on Card Payment Fees: Just the Tip of the Iceberg for EU Banks

iceberg

On January 27th, the European Parliament’s Economic and Monetary Affairs Committee voted to support the draft rules prepared by the Council of Ministers during 2014 on the capping of the fees charged by banks in the EU to retailers for … Continue reading →

Why Insurers and the Private Sector are Heading to the UN World Conference on Disaster Risk Reduction

Sendai Japan

In three weeks’ time, several thousand participants, from UN Member States to global corporations and science leaders, will gather in Sendai, Japan, for the third decennial United Nations World Conference on Disaster Risks Reduction to adopt a new global agreement … Continue reading →

Volatile Oil Prices Prompt Firms to Reassess their Risk Tolerance

falling oil prices

Oil prices have dropped 40% in the past six months alone, leading many oil companies to significantly curtail their production. Profit margins and cash flows have been considerably impacted as a result and now, the drastic drop in prices means … Continue reading →

Set the Right Benefits Expectations for International Assignments

passport-in-suit-pocket

Having worked within the world of international benefits for many years now, it came as no surprise to me, at a recent conference, that international benefits were highlighted as one of the top five reasons for a dispute between an … Continue reading →

Boards Urged to Take Cyber Risk Seriously Before it’s Too Late

computer-dice

It is no longer a case of if a firm will experience a cyber incident, but when. That was the over-arching message from leaders in network security, regulation, law enforcement, risk management and cyber risk insurance who gathered at the … Continue reading →

IP Mismanagement and D&O Shareholder Derivative Actions

broken light bulb

Until recently, cyber security was not a prominent issue for oversight by boards of directors. Intellectual property (IP) board oversight even less so: Boards were aware of its potential financial impact from the periphery yet perceived it to be a … Continue reading →

Guns in the Workplace – US Employers Caught in the Crossfire

gun in workplace

The US Bureau of Labor Statistics reported for 2012 that 688 workers were killed due to homicides and suicides. Shootings were the leading cause of death for both homicides (81%) and suicides (48%). A 2005 study of North Carolina workplaces … Continue reading →

Cyber Insurance Market Has Key Role to Play in Boosting Cyber Security

U.S. President Barack Obama speaks at the Summit on Cybersecurity and Consumer Protection at Stanford University in Palo Alta, California February 13, 2015.

Last week I attended the first White House Summit on Cybersecurity and Consumer Protection at Stanford University, where President Obama signed an executive order urging private industry to join forces with the federal government to strengthen data security by sharing … Continue reading →

The Battle Over Legal Privilege Intensifies

legal privilege

It’s not just the question of whether the privilege belongs to a company or a director that matters but whether it exists at all. Continue reading →

Felony Banking in the First Degree

prison bar shadow

The last time a major U.S. bank plead guilty to criminal charges, the movie Beetlejuice was in theaters. The year was 1988 and the once high-flying firm of Drexel Burnham Lambert, as a corporation, plead guilty to six counts of … Continue reading →