Building a culture of cybersecurity through informal advocates and the new role of the “BISO” is a cost-effective strategy for tightening your cyber defenses. Chief Information Security Officers (CISOs) are buffeted from all sides today. With the expansion of remote workforces, technology upgrades seemingly on a daily basis, and brazen cyber actors ranging from teens on Twitter to state-sponsored hackers, the task of keeping company systems secure is like trying to stand still in a hurricane. Adding to the CISO’s...

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Key insights During the pandemic, there’s been an uptick in fraudulent unemployment claims. The CARES Act introduced changes to unemployment benefits to help those in need during the pandemic, and some criminals have found ways to capitalize on the situation. Consider steps you can take to help protect your organization and your personal identification information. Nationwide, state unemployment agencies have been inundated with fraudulent benefit claims during the pandemic. The CARES Act increased the unemployment benefit amount and expanded opportunities...

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Carriers have a chance to break the cycle. Will they take it? For at least 30 years, the container shipping industry has been in a recurring boom-and-bust loop. During times of strong macroeconomic growth, shipping rates skyrocketed. Using these profits, container ship operators would invest in new, ever-larger vessels. With each boom comes a bust, and without fail, the economy would slide into a downturn, demand would plunge, rates would tumble, and operators would find themselves burdened with heavy debt and...

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The EACC, in partnership with the International Property Tax Institute (IPTI), wants to keep its members up to date with the latest developments in property taxes in the USA and Europe. IPTI has put together a selection of brief reports from articles contained in IPTI Xtracts which can be found on its website (www.ipti.org). UNITED STATES Empty Office Buildings Squeeze City Budgets as Property Values Fall At a meeting with Treasury Secretary Janet L. Yellen last month, Jeff Williams, the mayor of...

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Overview of Key Provisions Affecting Individuals and Businesses A $1.9 trillion COVID-19 relief package was signed into law by President Biden on Thursday, March 11, 2021. The American Rescue Plan Act of 2021 (ARP), as amended by the U.S. Senate, follows the nearly $4 trillion in COVID relief enacted in 2020. The ARP includes provisions designed to accelerate activities to combat the virus and distribute vaccines, fund various programs and provide economic support to a variety of stakeholders including individuals,...

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The onset of COVID-19 caught many business owners off-guard. Raw material shortages, delivery challenges, and obtaining financing for supply chains were some of the difficulties companies had to face. Ultimately, buyers and suppliers learned that to overcome these hurdles, they need to work collaboratively. By working with the right supply chain finance company, international companies can support collaboration and streamline operations for an entire supply chain, resolving immediate cash flow challenges that could drastically impact a business. This article discusses...

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Previously published in Project Syndicate on March 03, 2021 | Many of the monetary and fiscal measures in advanced economies over the past 12 months were necessary and unavoidable. But as policymakers eye a possible recovery in 2021-22, they must be vigilant about the side effects of prolonged stimulus. NEW YORK – Over the past year, rich-country governments and central banks have provided unprecedented fiscal and monetary stimulus to help mitigate the economic impact of the COVID-19 pandemic. Getting back to...

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10 March 2021 was D-Day for sustainable finance disclosures. From now on, financial market participants and financial advisers must apply the sustainability disclosure obligations set out in the EU Sustainability Finance Disclosure Regulation (‘SFDR’). Financial markets participants and financial advisers must, without delay: decide if their products have sustainable investments as an objective or promote social and environmental characteristics, adapt amongst others their website disclosures, internal policies and pre-contractual client documentation (e.g. prospectus), and insert certain information in their periodic...

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COVID-19 continued to have a dramatic impact on European mid-market debt in H2. Lenders reassigned focus towards a much narrower set of sectors, supported clients by deploying government-backed funding and worked through issues with existing clients. After a year of once-in-a-generation GDP declines and with debt and working capital mounting, borrowers will need to consider all financing sources whilst ramping up profitability. Asset-based lending activity levels remain robust, while special situations teams at credit funds are also gearing up for...

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