Risk Management: Page 20
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Yellen backs legislation to avert AI threat to financial stability
Testimony by the Treasury Secretary follows a pledge by the Biden administration to seize on the benefits of artificial intelligence while containing its risks.
By Jim Tyson • Feb. 8, 2024 -
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Yellen says commercial real estate losses may leave banks ‘quite stressed’
Bank regulators aim to avert turmoil caused by a slump in the value of commercial real estate, Treasury Secretary Janet Yellen said in testimony to a House committee.
By Jim Tyson • Feb. 6, 2024 -
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Clorox says it incurred $49M in costs from 2023 cyberattack
The breach caused system disruptions that led to order processing delays and “significant product outages,” negatively impacting net sales and earnings.
By Alexei Alexis • Feb. 6, 2024 -
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OpinionThe fight against cyber fraud: How to up your game in 2024
CFOs face an increasingly daunting fraud landscape — from deep-fake phone calls to AI-generated text messages, writes Trustpair CEO Baptiste Collot.
By Baptiste Collot • Feb. 6, 2024 -
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Fed pivots to considering when to cut main interest rate: Powell
Inflation will likely cool during the first six months of 2024, Federal Reserve Chair Jerome Powell said, adding that the central bank is unlikely to reduce borrowing costs in March.
By Jim Tyson • Feb. 5, 2024 -
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US economy will likely cool as ‘real’ interest rates rise: ACCA
As the economy avoided a downturn last year, confidence among CFOs rebounded close to the long-term average, the ACCA said.
By Jim Tyson • Feb. 2, 2024 -
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Consumer confidence, job openings rise as Fed favors holding rates high
The Federal Reserve on Wednesday will probably keep the main interest rate as the highest level since early 2001 as the economy shows signs of unexpected strength.
By Jim Tyson • Jan. 30, 2024 -
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One in four companies ban GenAI
The research by Cisco found that generative artificial intelligence tools are putting many companies’ sensitive data at increased risk of public exposure.
By Alexei Alexis • Jan. 30, 2024 -
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OpinionHolding out for a bankruptcy ‘cram down’? Think again.
C-suites should take a hard look at the true cost of bankruptcy before filing for Chapter 11, Lowenstein Sandler’s Kenneth A. Rosen writes.
By Kenneth A. Rosen • Jan. 25, 2024 -
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36% of companies plan to raise pay in 2024 amid tight labor market: BDO
Although the job market has shown signs of cooling in recent quarters, CFOs aim to increase compensation this year to attract and retain employees.
By Jim Tyson • Jan. 25, 2024 -
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76% of companies link pay to ESG performance in rising trend: WTW
The biggest companies are weaving ESG into pay incentives despite a backlash against the use of sustainability as a metric for corporate performance.
By Jim Tyson • Jan. 24, 2024 -
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6 essentials for CFOs aiming to rise to CEO: McKinsey
Corporate boards in the past decade have increasingly turned to CFOs to fill the CEO seat. McKinsey has highlighted the attributes boards seek in a chief executive.
By Jim Tyson • Jan. 23, 2024 -
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Conservative approach called best way to meet independent contractor test
Some states take a tougher approach than DOL’s 6-part test taking effect in March. By meeting the state test, employers can better protect against challenges under the federal rule.
By Jessica Mach • Jan. 23, 2024 -
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AI, fake CFOs drive soaring corporate payment-fraud attacks
Generative AI tools like ChatGPT are making it easier for scammers to create bogus texts and emails as well as deep-fake voices at scale.
By Alexei Alexis • Jan. 23, 2024 -
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Recession odds fall below 50% amid rising sales, profits: NABE survey
The mix of slowing inflation and cooling demand has prompted many economists to abandon forecasts for a decline in gross domestic product in 2024.
By Jim Tyson • Jan. 22, 2024 -
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‘Little evidence’ remote work harms productivity: San Francisco Fed
After surging during the worst of the pandemic, remote work has declined to 30% of paid workdays, according to research by the San Francisco Fed.
By Jim Tyson • Jan. 19, 2024 -
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Audit committees in 2024 face rising tax, AI, regulatory challenges: EY
A barrage of business risks may intensify this year, and audit committees need to help C-suite executives limit potential losses and seize opportunities, EY said.
By Jim Tyson • Jan. 18, 2024 -
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Retail sales exceed forecasts, highlighting steady consumer-fueled growth
Robust retail sales defy predictions that trends such as declining savings and a cooling labor market will inhibit consumer spending.
By Jim Tyson • Jan. 17, 2024 -
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CEOs see ballooning federal debt as biggest business threat: Conference Board
Congressional leaders wrangle over federal spending and struggle to avert a government shutdown as business leaders fret over the worsening fiscal outlook.
By Jim Tyson • Jan. 16, 2024 -
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Inflation inches up, signaling prospect of extended Fed inflation fight
The consumer price index last month rose more than anticipated, with gains in the cost of services staying stubbornly high.
By Jim Tyson • Jan. 11, 2024 -
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Economic growth will slow to 1.6% in 2024 as high rates bite: World Bank
The most restrictive monetary policy in 40 years will weigh on growth but probably not trigger a downturn this year and in 2025, the World Bank said.
By Jim Tyson • Jan. 10, 2024 -
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Deep DiveSeeking ‘Goldilocks’: 5 CFO trends for 2024
Financial executives in the new year must protect profits by adapting to trends ranging from falling price pressures and borrowing costs to federal disclosures on carbon emissions.
By Jim Tyson • Jan. 9, 2024 -
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2024 tech events for CFOs
CFO Dive compiled a list of tech-related events for finance leaders, touching on topics such as digital transformation, AI and cybersecurity.
By Alexei Alexis • Jan. 9, 2024 -
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Firms still scrambling over SEC cyber rules: poll
Grant Thornton found that many companies have taken steps to comply with the new rules, “but some still have work to do.”
By Alexei Alexis • Jan. 9, 2024 -
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Deloitte rolls out in-house generative AI platform for coding, researching
Around 75,000 employees are beginning to use PairD to assist with daily tasks. The firm expects a total of 100,000 workers will gain access to it in the next six months.
By Lindsey Wilkinson • Jan. 8, 2024
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