This morning, I was sitting in a coffee shop drinking lovely local coffee looking out at Citi 's large Malaysian head office in KualaLumpur . Then I looked at the news.
Citi is to leave Malaysia but maintain its offices in Singapore.
The Australian Consumer and Competition Commission has today announced that it has preliminary competition concerns with Aon plc’s (Aon) proposed merger with Willis Towers Watson plc (WTW).
Note, unusually, this is actually a merger not a takeover: a new combined company will be owned as to approx 2/3 by AON and 1/3 by Willis shareholders. While shareholders have approved the deal, competition authorities around the world are not inclined to give an automatic nod.
I abandoned using slides in presentations in Europe in the 1990s. Working in Asia, there was an expectation that there would be slides and if they were not used - and handed out to the audience - there was considerable criticism. In many cases, that persists. But in the 2000s, I reverted to presentations without slides which puts the onus on the audience to make notes. It's a policy I have extended to e-learning with intra-course Scenario pages and reinforcement for which note-taking is encouraged. It's why we chose against including a notepad in our e-learning system. My view was simple: I knew that the stuff I remembered best was the stuff I wrote down - even though my handwriting was so poor that, often, I couldn't read it back. The simple act of making notes locked information into my memory, even when I was doing it almost on autopilot whilst listening to what was being said. If it worked for me, I reasoned, it would work for everyone. New research by Hetty Roessingh, Professor...
RIZWAN HUSSAIN has been jailed in the Central London Country Court (a court of first instance) by HH Lethem, J. Hussain has squirmed, wriggled and lied so as to remain in a flat he rented in South West London.
Wells Fargo & Co and its subsidiary Wells Fargo Bank, N.A, have escaped prosecution, at least for the time being, by agreeing to hand over USD3,000 million to various agencies and departments of the US Government. It all started when the company decided it needed more account holders. Normal banks advertise or put young people on the streets with flyers. Wells Fargo had a different and shorter route - it would just create accounts for people, even if they hadn't asked for them. And that's not the full extent of what the bank is paying.
There is a long line of failures to properly plan before implementation - and of fundamental failure to understand the basics of a business or issue before launching a system.
We need to stand back, to take stock. We need to rethink our entire approach to management especially risk management. It's time to get back to basics.
Artificial Intelligence is the buzzword of the year, beating out even "blockchain" and "add oil." A company that claims to be at the front of the pack when it comes to AI is Google. But, as this case shows, it doesn't matter what your algorithms do if what they do isn't properly targeted and the correct action results. It also demonstrates why financial institutions should be very wary of relying on technology which is, at best immature and at worst experimental.
In the meantime, Google and Microsoft, let's bypass the intermediary and you can just send us the "($1,000,000.00) One Million United States Dollars" today. Thank you.
When internet security is talked about, it's usually either that someone is trying to sell you something, or something has gone wrong in the biggest possible way.
But it's all OK for your bank, etc. isn't it. After all, you trust your systems to Amazon's AWS cloud service and if anyone's got internet security taped, it's going to be Amazon.
At 17:58 this evening, we received a warning about a fake website for Hang Seng Bank (see story. At 18:58, a second warning arrived, this time about Wing Lung Bank. Here are the details
Once more, Hong Kong's Hang Seng website is the victim of a fraudulent copy. It does seem to happen quite often.
Hong Kong Monetary Authority has issued a warning notice and published a list of domain names that IT Security teams might wish to block at server / firewall level for both mail and web access.
In May 2017, I addressed the global annual conference of the Institute of Enterprise Risk Managers. During that presentation, aimed at the CEOs of major corporations, I explained that board members are responsible for the whole of the Group, not merely a division or even the company of which they are expressly a director of. In this article, I publish those comments, as scripted.
HSBC's takeover of Midland Bank was a nightmare of regulatory challenges. Now, 25 years after eventually being taken over, the last little bit of Midland identity is being removed.
A report by the USA's Federal Bureau of Investigation following the conviction of an ATM skimmer reveals a relatively little-known technique that reduces the prospect of capture of the criminals involved.
When Abdul Aziz Al Ghurair, CEO of Mashreq Bank, told the bank's 50th Anniversary meeting that it would become "the most progressive bank" in the Gulf and would become a "branchless bank" he was the latest in a line of bankers who has said this can happen. But while some internet only banks have been launched, no bank has ever succeeded in closing its branch network. Nigel Morris-Cotterill looks at some examples and says that Britain's Midland Bank developed, 30 years ago, the concepts that are now at the core of the delivery of real-world retail banking.
