Asia-Pacific sees rise in political risk

Asia-Pacific sees rise in political risk

Asia-Pacific sees rise in political risk

Social fragilities and a proliferation of autocratic governance in Asia have led to a rise in political risk that could cloud the continent’s dynamic economic growth, according to credit insurer Coface. Asia scored 45% on Coface’s latest political risk ranking, which put the continent behind Sub Saharan Africa, the Middle East and North Africa, and Latin America, but well ahead…

Support for climate disclosures gathers pace

Support for climate disclosures gathers pace

Support for climate disclosures gathers pace

More than 500 global financial firms have now backed climate-related disclosures recommended by the Task Force on Climate-related Financial Disclosures (TCFD), up from just 100 when the recommendations were published last year. In its latest status report, the Financial Stability Board’s (FSB) taskforce says support for climate-related disclosures have gathered momentum and started to translate into financial filings. Most of…

New Chinese body cracks down on market confusion acts, trade secrets and web misconduct

New Chinese body cracks down on market confusion acts, trade secrets and web misconduct

New Chinese body cracks down on market confusion acts, trade secrets and web misconduct

The Chinese government has continued its crackdown on market confusion acts, trade secret infringement and internet-related misconduct, and is focusing its efforts particularly on the online and pharmaceutical industries. Experts advise risk managers with companies that procure products from China to make doubly sure that they are asking the right questions of suppliers to ensure that they are compliant. The latest…

Human error sparks high number of data-breach notifications in Australia

Human error sparks high number of data-breach notifications in Australia

Human error sparks high number of data-breach notifications in Australia

Risk managers need to focus as much on people as machines when working out how to prevent data breaches, because human error is the second-highest overall source of the problem – and in some sectors the highest – according to the second quarterly report into notifiable data breaches, issued by the Office of the Australian Information Commissioner (OAIC). The commissioner…

IMRF to expand search-and-rescue training across Asia on back of Malaysian success

IMRF to expand search-and-rescue training across Asia on back of Malaysian success

IMRF to expand search-and-rescue training across Asia on back of Malaysian success

The International Maritime Rescue Foundation (IMRF), the charity that prevents loss of life in the world’s waters, has held a two-day Inter Regional Mass Rescue Workshop for the Asia-Pacific region in Kuala Lumpur, Malaysia, alongside the seventh International Search and Rescue Conference and Exhibition. The foundation reported a healthy attendance from key Malaysian bodies, representatives of the Korean defence attaché…