Displaying items by tag: risk

Tuesday, 27 September 2022 16:31

SEC Drafted New Cybersecurity Rules

While the SEC has been pushing public companies to improve their cybersecurity, minimal adoption of stronger cybersecurity rules has led the agency to draft new rules requiring more formal cybersecurity reporting and disclosure. The SEC proposal outlined several requirements that are designed to improve cybersecurity awareness and reporting for corporate executives and board members. The first is cybersecurity incident reporting, including current reporting about material incidents and periodic reporting about previous incidents. The second requirement is cybersecurity policies such as periodic reporting about policies and procedures to identify and manage risks. The third proposal is management requirements including management’s role and expertise in assessing and managing risk and management’s role and expertise in implementing policies and procedures. The final requirement is board oversight such as reporting on how the board of directors performs oversight on cybersecurity and disclosure of the board of directors’ cybersecurity expertise if any.


Finsum:The SEC recently drafted new cybersecurity rules for companies, including incident reporting, policies, management requirements, and board oversight.

Published in Wealth Management

Not a fan of leaping off a tall building in a single, crisp bound? Without a parachute? Odd but, well, okay.

 

Nevertheless, if that’s your mentality, you might tip your glass to active fixed income management. Afterall, one of the primary things it delivers is mitigating risk, according to npifund.ngontinh24.com.

 

For example, it yields investments beyond the fixed income benchmark index and facilitates the ability of managers to either push or tamp down risk. A passive strategy? Um, nada.

 

And active fixed income managers who have their antenna up can abandon possible issues before the wreak havoc on client portfolios, the site continued.

And that’s not all, no siree. They also rachet down interest rate sensitivity and keep their hands firmly on the wheel when it comes keeping the length of risk under their thumb, according to catalyst-insights.com. What’s more, they’re adept at uncovering yield against a low yield backdrop and get the most out of the trade off between duration exposure and yield capture.

 

And you might say they’re rather nimble, with an ability to seize on opportunities stemming from dynamic economic and policy shifts. A prime example, if you’re really keen on being reminded: the recent steepening of the bears. Gee, thanks, ladies and gentlemen, right?

 

 

Published in Bonds: High Yield
Monday, 12 September 2022 04:24

JPMorgan to Offer ESG Analysis Tool

JPMorgan Chase has partnered with software firm Datamaran to create a data-analysis tool for clients to gauge the ESG risks facing portfolio companies and the ESG risks that these assets pose to the world around them. This is a concept known as double materiality. While the concept is already built into EU ESG regulations, this would be the first time it is used in the U.S. The new tool is called ESG Discovery. Jean Xavier Hecker, who is the Paris-based co-head of EMEA ESG research at JPMorgan and the designer of the tool, stated, “Double materiality is the only way to think about ESG in a way that is both forward-looking and comprehensive.” The tool, which is now available to JPMorgan clients, will use artificial intelligence to compile data from corporate disclosures, regulations, and online media. It is important to note that it won’t provide an ESG rating or score. Its focus is on unpacking individual ESG drivers.



Finsum:JPMorgan has partnered with software firm Datamaran to create a tool that uses artificial intelligence to evaluate ESG risks.

Published in Wealth Management

Franklin Templeton has partnered with Futu Securities International, a Hong Kong-regulated operation of digital brokerage Futu, to offer three risk-based model portfolios. The two companies have worked together since 2019 when Futu rolled out its mutual fund business to help expand its client base. The new model portfolios will help the China-based company strengthen its strategic relationship with Franklin Templeton. The model portfolios will have various risk levels to fulfill the client's needs and risk appetites. Futu is leading the brokerage industry in Hong Kong with a high market penetration rate. According to the company, its average user spends 1.5 hours per day on the Futubull app. The company also claims that its Hong Kong users accounted for more than 40% of Hong Kong’s adult population.


Finsum:Franklin Templeton is renewing its partnership with Hong Kong-based Futu Securities with the launch of three risk-based model portfolios.

Published in Wealth Management

According to Straits Research, the cybersecurity insurance market is projected to grow 19.52% annually and reach $38.7 by 2030. Cybersecurity insurance is a policy that individuals or companies can purchase to reduce the financial risks of conducting business online. The policy transfers certain risks to the insurer for a monthly or quarterly fee. Many companies purchase cybersecurity insurance to cover expenses resulting from digital assets loss. These costs can include the cost of notifying clients of a security breach and the cost of fines for noncompliance with regulations. North America, which holds the largest market share, is expected to grow 15.32% annually. The North American market saw more data compromises in 2021 than any other year before it. The European market is forecasted to generate $13 billion by 2030, growing at an annual rate of 23.17%


Finsum:With security breaches hitting an all-time high, the cybersecurity insurance market is projected to grow 19.52% annually and reach $38.7 by 2030.

Published in Wealth Management
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