Lifelines report world bank

Share to Twitter Share to Linkedin DOJ’s 2022 Year In Review Report released last month not only recounts its Fraud Section’s activity and “accomplishments” for the preceding year, but also allows practitioners and in-house counsel responsible for helping companies and their executives navigate the shoals of corporate compliance anticipate the government’s likely future focus. This year’s Report first suggests that in the upcoming years DOJ will continue to focus on individual accountability for corporate malfeasance particularly in the area of financial fraud and market manipulation. In fact, the Report was released at the same time that DOJ leadership was commending the Department’s convictions of individuals such as Elizabeth Holmes and Sunny Bulwani . Second, the Report also foreshadows an increase in independent compliance monitorships in corporate resolutions, a practice previously avoided under a Trump-era policy . Again, public comments, including … [Read more...] about Fraud Section Report Helps Companies’ Counsel Navigating DOJ’s Seas

Share to Twitter Share to Linkedin Martha Amram is CEO of GLYNT.AI, which produces enterprise-grade sustainability data for finance and sustainability teams around the globe. 2023 is a transitional year for sustainability data. IFRS, the global accounting standards body, has been remarkably clear: By January 2024, companies should be using accounting-based standards to report sustainability data. This enables the key wins investors want: reliable sustainability data, ready for comparisons over time and across companies. In a previous article, I focused on " The Three A's Of Investor-Grade Emissions Data ." These are qualities of sustainability data that investors demand: accurate, actual and audit-ready. Investors are frustrated with current practices—the use of estimates instead of actual data, the lack of third-party reviews and the incredible variety of company reporting practices. But the quality gap in sustainability data cannot be … [Read more...] about The Trifecta Of Trust For Sustainability Data: Assertions, Assurance Reports And Audits

Chairman Thomas Jordan of the Swiss National Bank (SNB) attends a news conference in Zurich, Switzerland, March 23, 2023. REUTERS/Denis Balibouse ZURICH  -The Swiss National Bank raised its benchmark interest rate by 50 basis points on Thursday and declared that measures to support Credit Suisse had “put a halt to the crisis”. The central bank said that additional rate rises could not be ruled out and that it was willing to be active in the foreign exchange market if necessary. “The measures announced at the weekend … have put a halt to the crisis,” it said in a statement. “The SNB is providing large amounts of liquidity assistance in Swiss francs and foreign currencies.” The rates increase was the SNB’s fourth hike in succession as the central bank maintained its fight against Swiss inflation, which remains stubbornly outside the SNB’s target band of 0 -2 percent. “The growth outlook for the global economy in the coming quarters remains subdued,” said the SNB in a … [Read more...] about Swiss National Bank raises rates, says bank crisis stopped

Share to Twitter Share to Linkedin Bitcoin BTC and cryptocurrencies have rocketed higher over the last week as the Silicon Valley Bank-led banking crisis sparks worrying hyperinflation fears . Subscribe now to Forbes' CryptoAsset & Blockchain Advisor and successfully navigate the bitcoin and crypto market rollercoaster The bitcoin price has added almost 50% since early March, helping the ethereum price and other cryptocurrencies rally, due to rising expectations the Federal Reserve will pivot from its hawkish stance in the face of slowing inflation and bank collapses . Now, Tesla billionaire Elon Musk has waded into the debate, sending a warning to U.S. president Joe Biden after the Federal Reserve raised interest rates again. It's at the beginning of a bull run you need up-to-date information the most! Sign up now for the free CryptoCodex — A daily newsletter for traders, investors and the crypto-curious that … [Read more...] about ‘Banks Are Melting’—Elon Musk Sends Warning To Joe Biden And The Fed Amid Wild Bitcoin, Ethereum And Crypto Price Swings

Share to Twitter Share to Linkedin Topline Goldman Sachs revealed that the company is using generative AI tools to aid its software developers in writing and testing code, just weeks after reports of major U.S. banks—including Goldman—restricting staffers’ use of ChatGPT. Key Facts The bank’s use of generative AI was only a “proof of concept,” Marco Argenti, Goldman’s chief information officer told CNBC Tuesday. The AI tool has been used by the company’s software developers to write “as much as 40%” of code in some cases, the report said. The tool does not intend to fully replace human coders, but rather make them “more productive,” Argenti said. Argenti did not disclose which generative AI tool is being used by the investment bank Key Background Last month, the Telegraph and Bloomberg reported that JPMorgan Chase had restricted the use of ChatGPT by its staff. The reports suggested that the ban wasn’t a result of any … [Read more...] about Goldman Is Reportedly Using AI To Write Code As Banks Crack Down On ChatGPT Use

Bailey, Governor of the Bank of England, attends the Bank of England Monetary Policy Report Press Conference, at the Bank of England, London, Britain, Feb 2, 2023. Yui Mok/Pool via REUTERS/File photo LONDON  -The Bank of England is expected to raise interest rates for the 11th time in a row on Thursday after a surprise jump in inflation dashed speculation that it might have been about to take a pause. The BoE is trying to reconcile Britain’s weak economic outlook and recent worries about global banks with stubbornly high price growth, and is due to announce its latest decision on rates at 1200 GMT. Most economists had believed inflation was on course to fall steadily, after hitting a 41-year high above 11 percent in October. But Wednesday’s data showed inflation rose to 10.4 percent in February rather than continuing its descent and immediately turned Thursday’s announcement into an almost one-way bet on a quarter percentage-point increase in Bank Rate. UK inflation … [Read more...] about Inflation shock puts Bank of England on course to raise rates again

LONDON – A year of tests run by central banks in Italy, Malaysia and Singapore have spurred hopes for a global instant payments network accessible at the tap of a mobile phone. The ability to send money quickly and cheaply around the world has long been seen as something of a holy grail for policymakers due to the advantages it would bring for both people and companies. Current transfers are slowed by the patchwork of more than 60 different instant payment networks, so central banks involved in the new tests have been working on ways to improve the process. The Bank for International Settlements (BIS), the central bank umbrella body, which helped oversee the “Nexus” trials, said the three countries involved had successfully sent payments between themselves using only mobile phone numbers. Looking ahead, the BIS said further trials would be run by Indonesia, Malaysia, the Philippines, Singapore and Thailand with the hope that “Nexus could eventually be implemented globally.” … [Read more...] about Central bank tests spur global instant payment hopes

MANILA  – The Monetary Board as expected raised the Bangko Sentral ng Pilipinas key policy rate by 0.25 percentage point (or 25 basis points) to 6.25 percent as inflation remained high in February Asked whether this was the last hike in the current monetary policy tightening cycle, MB chair and BSP Governor Felipe Medalla said in a press briefing that the decision in upcoming meetings would depend on data that would come in. “It would really depend on our assessment of the inflation picture in the Philippines,” Medalla said. BSP Deputy Governor Francisco Dakila Jr. said the MB revised downward the forecast for average inflation in 2023 to 6 percent from 6.1 percent, and for 2024 to 2.9 percent from 3.1 percent. This was after the annual inflation slightly slowed to 8.6 percent in February. The move, which was predicted by all but one of 24 economists in a Reuters poll, brought to 425 basis points the total hikes the central bank has delivered since May 2022. The BSP … [Read more...] about Philippine central bank raises key policy rate by 25 bps

Share to Twitter Share to Linkedin The UK National Health Service (NHS) is the largest nationalized health service in the world, providing healthcare services to around 65 million people. This huge responsibility means that it is constantly exploring new technological solutions that will allow it to work more efficiently and improve patient outcomes. It also handles a huge amount of very sensitive data. Traditionally, this data – consisting of personal health records, clinical data, and public data – has been stored in separate systems spread across hundreds of healthcare and hospital trusts. Its aim is to implement what is known as the NHS Federated Data Platform - to bring all of this information together into a single source where it can be used to improve decision-making and patient outcomes. Inevitably, this will bring many challenges. Healthcare data is some of the most sensitive data that there is, and the task of keeping it secure while still … [Read more...] about Building The World’s Largest Healthcare Data Platform

Like clockwork, the United Nations is out with yet another climate report, and the usual suspects are already blaring the global warming alarm sirens. The New York Times warned the planet is on track “to cross a critical threshold for global warming within the next decade” and the only way to “hold global warming to relatively safe levels” would “require global cooperation, billions of dollars and big changes.” The Associated Press declared the world is on “thin ice” due to warming. The BBC characterized the UN report as a “survival guide” — if we don’t follow it, we’ll see “the worst effects of climate change.” The alarmist frenzy was joined by prominent scientists, eco-activists, Democratic politicians and even the UN chief himself, who called the report a “how-to guide to defuse the climate time-bomb. In other words, the media, elites and the scientific establishment want you to take this report very, very seriously. The problem is no one who actually cares about … [Read more...] about BASTASCH: The UN’s Newest Climate Report Is A Woke Dumpster Fire Masquerading As Science