US-China trade war and changing world order top business risks in 2019: Control Risks

US-China trade war and changing world order top business risks in 2019: Control Risks

US-China trade war and changing world order top business risks in 2019: Control Risks

There will be little time for multinationals to mourn the end of the post-war liberal consensus that brought about globalisation, as the developing US-China trade war, and the story it foretells about a new world order, becomes the defining geopolitical risk in 2019, according to Control Risks…

Without drone-ing on… a legal overview of drones in South Africa

Without drone-ing on… a legal overview of drones in South Africa

Without drone-ing on… a legal overview of drones in South Africa

The remotely piloted aircraft systems (RPAS) industry in South Africa is slowly gaining traction and is expected to take off swiftly into the horizon in the foreseeable future. In the South African market, the most common uses of RPAS are for personal or commercial use, the latter encompassing filmmaking, aerial surveys, search-and-rescue operations, agricultural observations such as crop counting, climate…

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…

New guide published on state of bank recovery and resolution laws in Africa

New guide published on state of bank recovery and resolution laws in Africa

New guide published on state of bank recovery and resolution laws in Africa

Law firm Norton Rose Fulbright has launched a comparative guide on the state of recovery and resolution laws for banks in Africa. The firm explained: “Banks require specific resolution arrangements as a result of their interconnectedness with each other, the rest of the financial system and the real economy. A credible recovery and resolution regime not only impacts depositors; it…

$400m silicosis class action agreed for South African gold miners

$400m silicosis class action agreed for South African gold miners

$400m silicosis class action agreed for South African gold miners

Six South African gold mining houses have agreed a ZAR5bn ($400m) class action settlement with law firms representing thousands of miners who contracted the fatal lung diseases silicosis and tuberculosis. In the first class action settlement of its kind ever reached in South Africa, the agreement follows a six-year legal battle by miners to win compensation for illnesses they claim…

Iran sanctions: it’s still uncertain what will happen, but here’s what could happen

Iran sanctions: it’s still uncertain what will happen, but here’s what could happen

Iran sanctions: it’s still uncertain what will happen, but here’s what could happen

On 12 January this year, US President Trump announced his intention to not renew US sanctions waivers that underpin US participation in the Joint Comprehensive Plan of Action (JCPOA) for Iran if that agreement’s “terrible flaws” are not fixed. President Trump has also said that if he believes fixing the JCPOA is not within reach, he would withdraw from it.…

Conduct and culture risk management enters new phase: survey

Conduct and culture risk management enters new phase: survey

Conduct and culture risk management enters new phase: survey

Financial services companies are taking conduct and culture risk increasingly seriously in the face of regulatory pressure, developing more holistic and enterprise-wide responses, suggests a new survey by Thomson Reuters. According to Thomson Reuters’ fifth annual survey on culture and conduct risk, financial services companies have named changes in regulation as the main challenge for boards managing conduct risk during…

Risk managers cannot afford to stand still

Risk managers cannot afford to stand still

Risk managers cannot afford to stand still

 Risk management has undergone huge change across Africa in the past few years, as Commercial Risk Africa’s Risk Frontiers Africa 2018 survey reveals. Below, as a foretaste of the survey, we hear from some of the risk managers taking part in it about what keeps them awake at night and the evolution of risk management The European Union’s General Data…

Regulation masterclass

Regulation masterclass

Regulation masterclass

Insurers urged to include regulatory compliance alongside other risks in their corporate strategies,
as Gareth Stokes reports Risk managers should be sat at the right hand of CEOS and not hold junior positions, if the company is to remain regulation-compliant and maximise its opportunities. That was among the suggestions from a panel of regulators, past and present, speaking at the Continental…

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