Climate risk disclosure – a globally coordinated approach by regulators?

Climate risk disclosure – a globally coordinated approach by regulators?

Climate risk disclosure – a globally coordinated approach by regulators?

With the world’s leading climate change scientists warning that the world has only 12 years to limit a climate change “catastrophe”, in the UN Intergovernmental Panel on Climate Change, published on 8 October, the focus on climate change has never been higher and regulatory scrutiny of how businesses assess and disclose their climate change risk exposures is set to increase…

Egypt approves new data protection law

Egypt approves new data protection law

Egypt approves new data protection law

It has recently been reported that Egypt has become the latest jurisdiction in the Middle East and north Africa region to approve a data protection law. Here is what you should know about the proposed law and what this will mean for businesses in Egypt. News outlets reported that the Egyptian Cabinet approved a law in August 2018 to protect…

Facebook reveals hackers accessed 30 million accounts

Facebook reveals hackers accessed 30 million accounts

Facebook reveals hackers accessed 30 million accounts

Facebook has revealed that personal data from about 30 million user accounts was accessed by hackers in last month’s cyberattack, fewer than the 50 million first thought. The company added that the source of the breach is under investigation by the FBI and there is still the possibility of smaller-scale attacks…

IMF warns of global economic and Brexit risks

IMF warns of global economic and Brexit risks

IMF warns of global economic and Brexit risks

The International Monetary Fund (IMF) has warned of a sudden tightening of financial conditions and “dangerous undercurrents” that threaten the global economy, while also stressing the risks of a no-deal Brexit. While banks and markets have stabilised since the financial crisis ten years ago, the IMF says in its Financial Stability Report that new risks such as trade tensions and…

Lack of clarity over new EU non-financial reporting rules

Lack of clarity over new EU non-financial reporting rules

Lack of clarity over new EU non-financial reporting rules

Problems in the way the EU’s Non-Financial and Diversity Information Directive, also known as the NFI Directive, has been implemented and a lack of clear reporting guidance means organisations are struggling to know exactly how to respond, according to a leading expert at Ferma’s seminar. As a result, the information disclosed is hard to compare and therefore of little value, he added…

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