Here are the three most relevant developments in the world of structured reporting we became aware of in the course of last week. 1 Regtech: what it is and why it matters Over the last two decades, financial institutions have been subject to an array of new regulatory requirements, requiring firms to measure financial risk…
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In 2019, Saudi Arabian Oil Co (Aramco) launched the world’s biggest Initial Public Offering (IPO). This enabled the Saudi government to raise $25.6 billion while diluting just 1.5% stake, at a valuation of $1.7 trillion. Soon, the Indian government plans to divest 5% equity for $8.7 billion in the insurance giant Life Insurance Corporation (LIC).…
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Future oil and gas exploration in the North Sea risked undermining the credibility of the UK’s global leadership on climate change, the government’s environmental adviser has warned. “We are very concerned about the signalling impact” of new North Sea exploration both domestically and internationally, Lord Deben, chair of the Climate Change Committee, said, adding that…
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During its second quarter of fiscal year 2022, CommonSpirit Health stated it lost some revenue as a result of higher labor and supply costs, along with increased patient stay length—issues associated with the pandemic. The Chicago-based system, formed through a 2019 merger of Catholic Health Initiatives and Dignity Health, reported $81 million in operating loss…
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Oregon is asking the Centers for Medicare and Medicaid Services for permission to allow Medicaid enrollees to stay on the rolls continuously for two years without eligibility redeterminations. The state also wants children to be able to stay on Medicaid until age six without a redetermination. Oregon appears to be the first state to ask…
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Lifespan and Care New England Health System scrapped their merger plans amid federal and state opposition, the not-for-profit heath systems said Wednesday. The Federal Trade Commission and Rhode Island Attorney General’s Office sued to block the deal last week, claiming it would increase prices, reduce quality and stifle wages. Lifespan and Care New England decided…
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This article is an on-site version of our #techFT newsletter and is usually available only with a Premium subscription. Are you currently a Standard subscriber? Click here to switch your subscription to Premium. Not yet a subscriber? You can take out a Premium subscription here The EU, which has put up strong defences for protecting…
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With prospects dim for the U.S. to adopt a single-payer “Medicare for All” program, healthcare reform advocates turned instead to an insurance plan designed by the government that could compete with private insurance plans sold on the healthcare exchanges. The idea behind this “public option” is that it could ultimately expand healthcare access by making…
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Twitter said it had mistakenly suspended the accounts of open-source intelligence reporters posting about Russia’s military build-up around Ukraine, leading to many of them accusing the Russian state of launching a “bot” campaign against them. Based on publicly available satellite imagery, open-source reporters have used social media to supply a steady commentary on the activities…
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Self-isolation rules will remain in place for NHS England staff despite the government removing the legal requirement for the general public to self-isolate following a positive Covid-19 test from Thursday. In a letter from NHS management sent on Wednesday, hospitals and GP surgeries were told that staff should continue to follow the current rules, which…
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