Government
Solving Financial System Cybersecurity Challenges Won’t Happen With Regulation: Fed Official
More rules may not be the best answer to protecting the financial system against cyber attacks, a Federal Reserve official said. "I don't think the solution to the cybersecurity problem rests in ...
U.S. Flood Insurance Reform Gets SmartSafer Lobbying Push
The latest attempt to overhaul the U.S. federal flood insurance program hit a stumbling block, but a coalition of business and environmental groups renewed their push on Wednesday for lawmakers to ...
Global Regs for Systemically Important AI Firms May Be Needed: FSB
Replacing bank and insurance workers with machines risks creating a dependency on outside technology companies beyond the reach of regulators, the global Financial Stability Board (FSB) said on ...
Exxon Will Fork Over $300M to Settle U.S. Air Pollution Violations
Mobil Corp. agreed to pay more than $300 million to resolve air pollution violations tied to eight chemical plants in Texas and Louisiana, one of a pair of environmental settlements with oil ...
Possible Brexit Casualty: 75,000 UK Insurance and Banking Jobs
Sam Woods, Britain's top banking regulator, said a consultancy's estimate that Brexit could cause as many as 75,000 job losses in banking and insurance is "plausible" if the U.K. leaves the European ...
U.S. SEC Alleged to Wrongly Collect $14.9B From Investment Firm’s Liquidating Trustee
The U.S. Securities and Exchange Commission has been hit with a class action lawsuit seeking to recover $14.9 billion that lawyers for an investment firm's liquidating trustee say should not have ...
Basic IT Security Best Practice Could Have Minimized the WannaCry Ransomware Attack: UK Govt.
The U.K. government holds North Korea responsible for the global WannaCry ransomware attack that crippled parts of the state-run National Health Service as a damning report highlighted its weak ...
Could Brexit Be Reversed Before 2019? EU President Says It’s Possible
European Union President Donald Tusk revived the notion that the U.K. will stay in the bloc after all, as British Prime Minister Theresa May struggles with persistent splits in her government. ...