Risk managers consider cyber attacks and data breaches as the biggest threats to businesses, including those in the financial sector, according to a new survey by Aon. The survey, which polled more than 2,000 respondents in 16 global industries, also found that cyber security and data breach risks are rated as the most significant risk […]
The Caisse de dépôt et placement du Québec is continuing its investment partnership with MacKinnon, Bennett & Company Inc. in the form of a new joint $150-million investment in late-venture and early growth-stage companies focused on the decarbonization and transition to renewable-energy-powered transportation. The Caisse initially invested in the company in 2016 and again in […]
The Office of the Superintendent of Financial Institutions is launching a three-month consultation on risks and other considerations regarding technological advancements impacting Canada’s financial sector. Along with a discussion paper, the consultation’s objective is to ensure federally regulated financial institutions and pension plans have solid strategies to manage non-financial risks. According to the agency, while rapidly […]
Financial markets are showing signs of concern about how well companies can weather the coronavirus economic crisis, the Bank of Canada said in a report outlining issues the pandemic is having on business and household debt. The central bank has spent the last two months making a flurry of policy decisions that include slashing the […]
The Oklahoma Law Enforcement Retirement System was the victim of a cybercrime, with computer hackers stealing $4.2 million in funds. The OLERS, a benefits and pension administrator for retired law enforcement officers living in the state, said in a statement i’s confident the stolen funds will be recovered. It also noted no pension benefits for members […]
The Canadian Association of Pension Supervisory Authorities has outlined its priorities for April 2019 to March 2022 in its new strategic plan, which included initiatives like focusing on defined contribution plan decumulation and cyber security. Jason Vary, president at Actuarial Solutions Inc., notes while all the identified priorities were worthwhile, some are more important than […]