Risk register

PEOPLES BANCORP INC. ANNOUNCES NEW EXECUTIVE OFFICERS

Retrieved on: 
Monday, August 28, 2023
Insurance, Lake Success, Risk, Executive, TIAA Bank, Senior, Astoria Bank, Donlon, Best, Basking Ridge, New Jersey, Bank of America, Trust, People's Bank, Russell, Macia, Wachovia, Eastern Division, United Community Bank, Small business, Community Bank, Citibank, Bank, Wells Fargo, Risk register, KeyBank, Management

The positions are with Peoples and its banking subsidiary, Peoples Bank.

Key Points: 
  • The positions are with Peoples and its banking subsidiary, Peoples Bank.
  • Donlon succeeds Tyler Wilcox, who was elevated to Senior Executive Vice President, Chief Operating Officer, of Peoples and Peoples Bank on July 11, 2023.
  • "Hugh and Matt bring a tremendous amount of banking experience to Peoples, much of it with institutions over $10 billion in asset size," said Chuck Sulerzyski, Peoples' President and Chief Executive Officer.
  • Peoples offers services through Peoples Bank (which includes the divisions of Peoples Investment Services, Peoples Premium Finance and North Star Leasing), Peoples Insurance Agency, LLC, and Vantage Financial, LLC.

Northern Trust Universe Data: Global Equity Markets Drive Positive Results in Second Quarter as Inflation Cools

Retrieved on: 
Wednesday, August 9, 2023
Banking, Asset Management, Professional Services, Finance, Universe, Treasury, Fed, Risk, Optimism, Northern Trust, Endowment, Federal funds, St Jude's GAA, GDP, Federal Reserve, Education, Communities and Justice Directorates, Russell, Artificial intelligence, Growth, Risk register, Government, Cryptocurrency, Security (finance), ERISA

The median return for institutional asset owners included in the Northern Trust All Funds Over $100 million plan universe was up 2.3% for the quarter ending June 30, 2023.

Key Points: 
  • The median return for institutional asset owners included in the Northern Trust All Funds Over $100 million plan universe was up 2.3% for the quarter ending June 30, 2023.
  • The Northern Trust Corporate (ERISA) universe median return was 0.8% for the quarter, trailing the Northern Trust Public Funds universe, where the median plan was up 2.3% for the quarter, and the Northern Trust Foundation and Endowment (F&E) universe, which produced a 2.6% median return for the quarter.
  • This fueled optimism that inflation is receding,” said Amy Garrigues, global head of Investment Risk and Analytical Services at Northern Trust .
  • “This, combined with continued U.S. GDP growth and global optimism in the technology sector resulting from advancements in artificial intelligence, allowed equity markets to post strong results for the quarter.”
    The Northern Trust U.S. Equity Program universe generated a 7.6% median return for the second quarter.

ICO statement on Meta

Retrieved on: 
Wednesday, August 2, 2023
Almond, ICO, Norwegian Data Protection Authority, Justice, Court of Justice of the European Union, Risk register, Cryptocurrency, EU

Stephen Almond, ICO Executive Director of Regulatory Risk, said:

Key Points: 
  • Stephen Almond, ICO Executive Director of Regulatory Risk, said:
    “As a digital regulator, we pay close attention to how companies operate internationally and how people’s rights are respected.
  • “We’re aware of Meta’s plans to seek consent from users for behavioural advertising in the EU, to the exclusion of the UK.
  • This follows related findings by the Court of Justice of the European Union, Irish Data Protection Commission and Norwegian Data Protection Authority.
  • “We are assessing what this means for information rights of people in the UK and considering an appropriate response.”

WattFraud: Revolutionizing Fraud Prevention in the Texas Retail Electricity Industry

Retrieved on: 
Monday, July 17, 2023
Organization, Electricity, Risk register, History, Cryptocurrency, Online shopping

HOUSTON, July 17, 2023 /PRNewswire-PRWeb/ -- MedTractions, a leader in innovative solutions for the retail electricity industry, is proud to introduce WattFraud, a groundbreaking fraud risk assessment software designed to empower retail energy providers in Texas. This service will help retail electricity providers combat fraudulent activities and safeguard their operations and financial interests.

Key Points: 
  • MedTractions debuts WattFraud, a revolutionary fraud risk software for Texas REPs, offering advanced tools for secure, effective fraud prevention.
  • HOUSTON, July 17, 2023 /PRNewswire-PRWeb/ -- MedTractions, a leader in innovative solutions for the retail electricity industry, is proud to introduce WattFraud, a groundbreaking fraud risk assessment software designed to empower retail energy providers in Texas.
  • "WattFraud is a game-changer in the field of fraud prevention for the Texas electricity industry," said David Mirza, President at MedTractions.
  • WattFraud is set to revolutionize the way organizations combat fraud in the retail electricity industry.

ICO backs new data sharing schemes to protect gamblers from harm

Retrieved on: 
Thursday, July 13, 2023
Freedom, Note, Gambling, Industry, Interest, UK Finance, Gambling Commission, Environmental Information Regulations 2004, EIR, Telephone, Commission, ICO, Privacy, Data wrangling, DPA, Information, PECR, FOIA, Game Council New South Wales, Telecommunications, Freedom of Information Act 2000, Risk register, United Kingdom, Health, UK, Privacy and Electronic Communications (EC Directive) Regulations 2003, Cryptocurrency, Pharmaceutical industry, Medical device, Sandbox

The Information Commissioner’s Office (ICO) has today backed proposals for the financial sector to share data with gambling companies to protect customers from unaffordable losses.

Key Points: 
  • The Information Commissioner’s Office (ICO) has today backed proposals for the financial sector to share data with gambling companies to protect customers from unaffordable losses.
  • Stephen Almond, Executive Director of Regulatory Risk, added:
    “Data sharing can be a force for good, enabling organisations to protect people from gambling-related harm.
  • About the ICO
    - The Information Commissioner’s Office (ICO) is the UK’s independent regulator for data protection and information rights law, upholding information rights in the public interest, promoting openness by public bodies and data privacy for individuals.
  • - To report a concern to the ICO telephone call our helpline on 0303 123 1113, or go to ico.org.uk/concerns.

Don’t be blind to AI risks in rush to see opportunity – ICO reviewing key businesses’ use of generative AI

Retrieved on: 
Monday, June 19, 2023
Freedom, Technology, Environmental Information Regulations 2004, EIR, Synthetic media, ICO, Information privacy, Privacy, Data wrangling, Information, PECR, FOIA, Risk, Telecommunications, Freedom of Information Act 2000, Risk register, Generative, Compliance, United Kingdom, AI, Data Protection Act 1998, Privacy and Electronic Communications (EC Directive) Regulations 2003, Cryptocurrency, Audit, Customer service, Medical device

“Businesses are right to see the opportunity that generative AI offers, whether to create better services for customers or to cut the costs of their services.

Key Points: 
  • “Businesses are right to see the opportunity that generative AI offers, whether to create better services for customers or to cut the costs of their services.
  • Laws already exist to protect people’s rights, including privacy, and apply to generative AI as an emerging technology.
  • In April, the ICO set out eight questions organisations developing or using generative AI that processes personal data need to be asking themselves.
  • Our recently updated Guidance on AI and Data Protection provides a roadmap to data protection compliance for developers and users of generative AI.

S&P Global Sustainable1 Launches New Nature & Biodiversity Risk Dataset

Retrieved on: 
Wednesday, May 10, 2023
Risk, Task force, Society for Research Synthesis Methodology, Nature, Methodology, Research, Risk register, USD, Amazon, Biodiversity, LEAP, Data, UNEP, Ecosystem, Key Biodiversity Area, KBA, Agriculture, Risk management, COP15

The dataset applies the Nature Risk Profile, a new methodology for analyzing companies' impacts and dependencies on nature, launched by S&P Global Sustainable1 and the UN Environment Programme (UNEP) in January this year.

Key Points: 
  • The dataset applies the Nature Risk Profile, a new methodology for analyzing companies' impacts and dependencies on nature, launched by S&P Global Sustainable1 and the UN Environment Programme (UNEP) in January this year.
  • The dependency score is on a scale from 0 to 1.0 (where 0 represents no dependency risk and 1.0 represents very high dependency risk).
  • This new dataset signals a maturation of the conversation on nature and provides clear metrics quantifying the nature related dependency and impact of over 1.6 million global real assets."
  • ***KBAs are sites contributing significantly to the global persistence of biodiversity (International Union for Conservation of Nature [IUCN], 2016).

Northern Trust Universe Data: Diminishing Recession Concerns Bring Positive Results in the First Quarter

Retrieved on: 
Thursday, May 4, 2023
Banking, Professional Services, Finance, Universe, Fed, Risk, Optimism, Northern Trust, Endowment, Federal funds, St Jude's GAA, Federal Reserve, Education, Communities and Justice Directorates, Russell, Risk register, Government, Cryptocurrency, Life insurance, ERISA

The median return for institutional asset owners included in the Northern Trust All Funds Over $100 million plan universe was 4.1% for the quarter ending March 31, 2023.

Key Points: 
  • The median return for institutional asset owners included in the Northern Trust All Funds Over $100 million plan universe was 4.1% for the quarter ending March 31, 2023.
  • The Northern Trust Corporate (ERISA) universe median return for the quarter was 5.0%.
  • The Northern Trust Public Funds universe median returned 3.5% while the Northern Trust Foundation and Endowment (F&E) universe produced a 3.4% median return for the quarter.
  • “This, combined with China’s reopening and falling energy prices, allowed global markets to post positive results for the quarter.”
    The Northern Trust U.S. equity program universe generated a 7.3% median return for the first quarter.

Lincoln Financial Group Appoints Christopher Neczypor Chief Financial Officer

Retrieved on: 
Wednesday, February 8, 2023
Banking, Professional Services, Finance, Organization, CFO, Lincoln, Insurance, Lincoln National Corporation, Strategic planning, Bachelor of Science in Human Biology, Goldman Sachs, LNC, PwC, NYSE, Risk, ALM, Marketing, Accounting, Eye, Senior, Certified Public Accountant, Knowledge, Head, Risk register, Partnership, Growth, Mischler Financial Group, Innovation, Treasury, Multimedia, Babson College, Lehigh University, Management, Faenza, Science

Lincoln Financial Group (NYSE: LNC) today announced that Christopher Neczypor will be appointed Executive Vice President, Chief Financial Officer, effective February 17, 2023.

Key Points: 
  • Lincoln Financial Group (NYSE: LNC) today announced that Christopher Neczypor will be appointed Executive Vice President, Chief Financial Officer, effective February 17, 2023.
  • Neczypor, who currently serves as Executive Vice President, Chief Strategy Officer, will succeed Randal Freitag, who is leaving the company.
  • Freitag will remain with Lincoln Financial through the end of the first quarter of 2023 and will work closely with Neczypor to ensure a smooth transition.
  • Before joining Lincoln Financial, he held portfolio management and investment roles at both Kingdon Capital Management and Emrys Partners.