Learning from industry cybersecurity breaches boosts firm growth and performance. Firms adapt CEO pay to manage risk and invest in sales, seizing opportunities. This shows learning from rivals' misfortune is valuable, highlighting the strategic importance of competitor learning.
This paper examines the interplay of the AI Act and GDPR regarding explainable AI, focusing on individual safeguards. It outlines rules, compares explanations under both, and reviews EU frameworks. The paper argues that current laws are insufficient, necessitating broader, sector-specific regulations for explainable AI.
This study examines climate change's impact on water-related home insurance claims in Norway using a unique dataset. It develops a statistical model to address claim data challenges, reveals geographical and seasonal risk patterns, and evaluates pricing strategies. The findings provide insights for insurers to adapt to evolving climate risks.
Despite tech advances, human errors fuel cybersecurity breaches, with 2023 data breach costs averaging $9.48 million. Ineffective education and policies fail to curb threats. This paper, citing executive interviews and research, urges balanced communication to warn users and boost their cybersecurity confidence without causing excessive fear.
This paper, in Spanish, criticizes the Basel Committee's proposal to replace the Advanced Measurement Approach (AMA) for operational risk capital with the Standardized Measurement Approach (SMA). SMA is argued to be flawed due to instability, insensitivity to risk, and potential for systemic risk. The paper advocates for maintaining the AMA framework and proposes standardized recommendations for internal operational risk modeling.
“In this report we look at the steps taken by banks and insurers since 2021 to respond to the impacts of climate change, and we set out how our regulatory work has evolved in that period. We also look ahead to the planned release, later in 2025, of a consultation paper seeking views on an update to our supervisory statement (SS) 3/19.”
This UK National Audit Office report reveals the UK is far behind its 2025 cybersecurity goals. Significant IT system vulnerabilities, high vacancy rates in cyber roles, and recent attacks on public bodies highlight the urgent need for a cross-government plan, legacy system upgrades, and improved cyber skills. Meeting targets by 2030 is considered ambitious.
« L’AMF présente dans ce document ses priorités d’action et de supervision pour 2025. Il dresse également le bilan des actions qu’elle a menées en 2024, première année pleine de mise en œuvre de ses orientations stratégiques adoptées en 2023, Impact 2027. »
« L'AMF présente dans ce document ses priorités de supervision des professionnels soumis à son contrôle pour 2025. Ces priorités couvrent trois domaines : la gestion d’actifs, les activités des intermédiaires et des infrastructures de marché, et la commercialisation de produits financiers. »
The ESAs report explores centralizing ICT incident reporting for the financial sector under DORA. Three models are considered: baseline, enhanced sharing, and full centralization. The report, developed with input from various stakeholders, aims to inform future decisions on incident reporting centralization.