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Tag: risks

View: Two years of PNB scam, risks far from mitigated

View: Two years of PNB scam, risks far from mitigated

Finance
By Atul KhadilkarIn February 2018, after one of the largest frauds in Indian banking was reported by a public sector bank, one of the systemic deficiency identified was the core lack of integration between banking platforms of banks and the SWIFT messaging system. This unanticipated operational risk caused a very large financial loss to the concerned bank but also had an impact on its reputation due to perceived governance lapses. The Reserve Bank of India swiftly came out with guidelines to plug the identified gap and mandated banks to implement these on utmost priority. Banks took the necessary steps and met the regulatory directive of integrating the two systems mentioned earlier in this note. Another key mandate from the regulator was to improve governance of relatively higher value tr...
HS2 risks misjudged from the start, says watchdog

HS2 risks misjudged from the start, says watchdog

Business
No-one took full account of how complex and risky the HS2 high-speed rail project was likely to be, the government spending watchdog has said.The Department for Transport (DfT) and HS2 Ltd did not allow for all uncertainties when estimating initial costs, the National Audit Office (NAO) said.In 2015, HS2 was due to cost £56bn.Earlier this week, however, a leaked government-commissioned review suggested the total could reach £106bn.The findings of the independent review, conducted by former HS2 Ltd chair Doug Oakervee, have not yet been officially published. The government will use the report to inform its final decision on whether to give the go-ahead to the HS2 project, and has said a final decision on whether to continue with i
Depression, anxiety risks rise after hysterectomy, study says

Depression, anxiety risks rise after hysterectomy, study says

Health
Sept. 4 (UPI) -- Hysterectomies raise the risk of developing mental health disorders, new research shows. All women have a 6.6 percent elevated risk for depression and a nearly 5 percent likelihood for anxiety when they had their uteruses removed, according to a cohort study published in Menopause. For women between ages 18 and 35, that risk shoots up to 12 percent. "Our study shows that removing the uterus may have more effect on physical and mental health than previously thought," Shannon Laughlin-Tommaso, a researcher at Mayo Clinic and study senior author, said in a news release. "Because women often get a hysterectomy at a young age, knowing the risks associated with the procedure even years later is important." The study was designed to explore the impact of new hysterectomies on w...