UK risk managers advised to ensure captives are Brexit-proof as renewals loom

UK risk managers advised to ensure captives are Brexit-proof as renewals loom

UK risk managers advised to ensure captives are Brexit-proof as renewals loom

UK risk managers need to act fast to ensure their captives and global programmes are Brexit-proof ahead of the fast-looming autumn renewals, according to the London insurance team at consulting firm EY. UK risk management association Airmic yesterday held a Leadership Group Brexit Summit in London, during which EY associate partner Benedict Reid explained why risk managers need to include…

UK Government advises firms to prepare for data disruption in no-deal Brexit

UK Government advises firms to prepare for data disruption in no-deal Brexit

UK Government advises firms to prepare for data disruption in no-deal Brexit

A Brexit no-deal would obstruct the free flow of personal data from the European Union (EU) to the UK, the UK Government has warned, going on to urge its firms to proactively address potential disruptions. The European Commission (EC) has said it will not agree to put in place, or enter discussions over, arrangements that would allow the continued flow…

UK firms failing to grasp GDPR’s reporting deadlines, warns regulator

UK firms failing to grasp GDPR’s reporting deadlines, warns regulator

UK firms failing to grasp GDPR’s reporting deadlines, warns regulator

The UK data protection regulator has warned that some companies are “struggling” to fully understand that General Data Protection Regulation (GDPR) breaches must be reported within the first 72 hours. While the UK Government has warned that  a no-deal Brexit would obstruct the free flow of personal data from the European Union (EU) to the UK, going on to urge its firms to proactively address potential disruptions…

New UK corporate governance code provides impetus for risk managers in the digital age, say IRM & Airmic

New UK corporate governance code provides impetus for risk managers in the digital age, say IRM & Airmic

New UK corporate governance code provides impetus for risk managers in the digital age, say IRM & Airmic

Although the new UK Corporate Governance Code delivers bigger changes elsewhere, its risk updates were welcomed by the Institute of Risk Management (IRM) and Airmic, that believe the new version will provide greater impetus for members and help manage risk in the digital age. The UK recently published its new Corporate Governance Code with updates focused on ensuring boards develop…

Speed of the essence if GDPR breach hits, but no need to reinvent the wheel

Speed of the essence if GDPR breach hits, but no need to reinvent the wheel

Speed of the essence if GDPR breach hits, but no need to reinvent the wheel

Companies must act fast if a breach occurs under the General Data Protection Regulation (GDPR), but should be able to follow crisis response and business continuity plans already in place to deal with other problems, said Nordic risk managers taking part in our European Risk Frontiers survey. Despite this simple message, some stressed that businesses have struggled to fully comply…

Ferma urges OECD to adopt existing captive regulatory definitions in BEPS guidance

Ferma urges OECD to adopt existing captive regulatory definitions in BEPS guidance

Ferma urges OECD to adopt existing captive regulatory definitions in BEPS guidance

Ferma has urged the Organisation for Economic Co-operation and Development (OECD) to take advantage of existing regulations governing captives in planned guidelines on base erosion and profit shifting (BEPS), to ensure the initiative does not create “disproportionate uncertainty and administration” for multinational entities…

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