26 May 2020

Nespresso's Reviving Origins program

Launch of new Ugandan coffee marks second year of success for Nespresso’s Reviving Origins program, following productivity boost in regions in Zimbabwe and Colombia where coffee is under threat
  • Nespresso’s Reviving Origins program celebrates second year by introducing new coffee, AMAHA awe UGANDA, from the Rwenzori Mountains
  • Investment, training and resources provides Rwenzori coffee farmers with the tools to improve their livelihoods through the increase of the quality of their crop
  • Reviving Origins program drove productivity boost of 9% in Eastern Zimbabwe and 10% in Caquetá, Colombia for 2018/2019
Lausanne, Switzerland, 26 May 2020Nespresso today introduces AMAHA awe UGANDA, ‘Hope of Uganda’, a new and seasonal coffee from the Rwenzori Mountains of Uganda made possible only through the company’s unique Reviving Origins program. Launched in 2019, the Reviving Origins program aims to restore coffee production in regions where it is under threat.
In Uganda, climate change, poor farming practices and economic hardship has meant that the production of high quality coffee has been a challenge over recent years. As part of the Reviving Origins program and in partnership with Agri Evolve, a young agribusiness dedicated to improving farmer productivity, Nespresso is working with more than 2,000 farmers, providing training and expertise to improve coffee quality and productivity in addition to establishing sustainable farming practices.

Guillaume Le Cunff, CEO of Nespresso said: “Coffee is the lifeblood of entire communities across the globe. In many regions, coffee farming is threatened for reasons such as climate change, conflict and a shifting global economy. Through the Reviving Origins program, Nespresso provides support to struggling coffee farming areas and helps breathe new life into local economies and, most importantly, communities in these regions.

Formally launched in 2019, the Reviving Origins program aims to revive coffee agriculture and local coffee economies in regions affected by adversities such as conflict, economic hardship and environmental disasters. The program provides support to rebuild sustainable livelihoods for farmers and their communities while preserving the future of some of the world’s rarest, most exquisite coffees. Nespresso is investing a total of CHF 10 million in the program over a period of five years (2019-2023). The Reviving Origins program is an integral part of the Nespresso AAA Sustainable Quality™ Program, the brand’s sustainable sourcing model in coffee producing countries.

Jonny Rowland, Owner and Managing Director of Agri Evolve said: “Our partnership with Nespresso enables us to provide ongoing support to the Rwenzori coffee farmers. Through community projects and teamwork, growth and development are not only within the coffee farm but also in the improved environmental and social standards of the community. The Rwenzori coffee farmers now have the opportunity to share their premium quality coffee with the world, leading to higher household incomes as well as giving communities and families confidence for a sustainable future in coffee farming for the generations to come.

The AMAHA awe UGANDA coffee will be available from May 2020 in 31 countries across the world, alongside Reviving Origins coffees TAMUKA mu ZIMBABWE and ESPERANZA de COLOMBIA - both back for 2020 following their initial launch last year.

The Reviving Origins program’s long-term aim is to establish these under threat coffees as permanent blends, available all year round for consumers, by helping farmers to increase the quality and the yield of their coffee, which brings crucial economic benefits for the regions involved, and leveraging strong partners in each of the origins.

HIGH QUALITY COFFEE YIELD INCREASES IN ZIMBABWE AND CAQUETÁ, COLOMBIA

Since its launch last year, the Reviving Origins program has already been a significant success in Zimbabwe and Caquetá, Colombia, two regions where coffee production has been under threat in recent years.

n Zimbabwe, coffee production has been under pressure for a number of years, falling from 15,000 tons in the late 1980s to just 500 tons in 2017. In Colombia, almost 50 years of conflict has meant many farmers abandoned their lands and coffee almost disappeared from Caquetá and El Rosario.

In both countries, Nespresso provides continuous training on quality and productivity, as well as free technical assistance through its agronomist network. It also addresses infrastructure challenges that exist in these areas by building wet mills or helping to establish coffee cooperatives.

As a result, productivity has increased. The availability of AAA high quality coffee has grown by 9% in the Manicaland province of Zimbabwe and 10% in Caquetá, Colombia, from 2018 to 2019.
 
TECHNOLOGY UNLOCKS TRANSPARENCY FOR TAMUKA mu ZIMBABWE COFFEE

This year, Nespresso is, for the first time, making its AAA Sustainable Quality™ Program data publicly available using blockchain technology. Introduced for Zimbabwe initially, a new Nespresso platform traces the AAA coffee from farms in Zimbabwe all the way through to the Nespresso production centre in Switzerland. Through the Nespresso AAA Sustainable Quality™ Program, the company has had a traceability process in place since the program’s inception in 2003, making it possible to track coffee back to individual farms.

Users of the blockchain platform will be able to zoom in on specific farms, where they can find a breakdown of the total coffee produced at farm level and the amount of high quality coffee bought by Nespresso.

Guillaume Le Cunff, CEO of Nespresso added: “We know that consumers are more and more interested to know where their coffee is coming from. Thanks to our AAA Sustainable Quality™ Program, we have had traceability back to individual farms in our value chain for over 15 years. I am pleased that thanks to this blockchain initiative, we can now take it one step further and invite our customers to discover the farmers behind their TAMUKA mu ZIMBABWE coffee”.

Consumers can access the blockchain platform here

INTRODUCING THE AMAHA awe UGANDA COFFEE

‘Hope of Uganda’ in Lhukonzo, a local language in Uganda, is a single origin coffee that carries rare sandalwood notes and elegant florals with medium acidity and body. An intensity 8 espresso, AMAHA awe UGANDA grows in a unique terroir, where shade and nutrients provided by banana trees create a true Arabica dreamland. In a Latte Macchiato, the biscuit and discrete fruity notes come alive in a balanced and sweet cup.

About the Reviving Origins program

Nespresso first discovered the potential of reviving a forgotten coffee when it ventured to South Sudan in 2011. The limited edition SULUJA ti SOUTH SUDAN became the country’s second export after oil in 2015 and 2016, and helped to diversify the economic base of the world’s youngest nation. In 2016, Nespresso launched the limited editions AURORA de la PAZ, its first coffee from the Caquetá, Colombia, conflict region, and CAFECITO de CUBA the first Cuban coffee to come to the United States in more than fifty years (exclusive for the US). In 2019, Nespresso officially launched its Reviving Origins program alongside new single-origin coffees from Eastern Zimbabwe - TAMUKA mu ZIMBABWE - and Caquetá, Colombia - ESPERANZA de COLOMBIA - followed by CAFECITO de PUERTO RICO (exclusive for the US), supporting the rebuilding of coffee farming in Puerto Rico after hurricanes Irma and Maria in 2017.

22 May 2020

Cayman Islands: COVID-19’s Impact on Cayman’s Financial Services Market

CML Offshore Recruitment surveyed business leaders for their opinions and observations on COVID-19's impact on Cayman's Financial Services Market. Leaders point to their business only being marginally impacted, if at all, and a bit of good fortune that affords their staff to relatively effectively carry on with their work from remotely connected locations. While many will perceive challenges and roadblocks to overcome, it seems a good number of leaders already have their eyes on the opportunities ahead.

COVID-19’s Impact on Cayman’s Financial Services Market

15 May 2020

Forbes Africa - Mauritius: Africa's Business Landscape

With a flourishing democracy and business-friendly government, one of the world’s most beautiful and scenic islands also happens to be one of Africa’s wealthiest nations.

07 May 2020

European Commission steps up fight against money laundering and terrorist financing

The European Commission has today put forward a comprehensive approach to further strengthen the EU's fight against money laundering and terrorist financing.

The Commission has published an ambitious and multifaceted Action Plan, which sets out concrete measures that the Commission will take over the next 12 months to better enforce, supervise and coordinate the EU's rules on combating money laundering and terrorist financing. The aim of this new, comprehensive approach is to shut down any remaining loopholes and remove any weak links in the EU's rules.

Executive Vice-President Valdis Dombrovskis said: "We need to put an end to dirty money infiltrating our financial system. Today we are further bolstering our defences to fight money laundering and terrorist financing, with a comprehensive and far-reaching Action Plan. There should be no weak links in our rules and their implementation. We are committed to delivering on all these actions - swiftly and consistently – over the next 12 months. We are also strengthening the EU's global role in terms of shaping international standards on fighting money laundering and terrorism financing.”

The Commission has also published today a more transparent, refined methodology to identify high-risk third countries that have strategic deficiencies in their anti-money laundering and countering terrorist financing regimes that pose significant threats to the EU's financial system. This will enhance our engagement with third countries and ensure greater cooperation with the Financial Action Task Force (FATF).

Finally, the Commission has also adopted a new list of third countries with strategic deficiencies in their anti-money laundering and counter-terrorist financing frameworks.

Action Plan for a Comprehensive EU policy on Preventing Money Laundering and Terrorist Financing

Today's Action Plan is built on six pillars, each of which is aimed at improving the EU's overall fight against money laundering and terrorist financing, as well as strengthening the EU's global role in this area. When combined, these six pillars will ensure that EU rules are more harmonised and therefore more effective. The rules will be better supervised and there will be better coordination between Member State authorities.

The six pillars are as follows:
  1. Effective application of EU rules: the Commission will continue to monitor closely the implementation of EU rules by Member States to ensure that national rules are in line with the highest possible standards. In parallel, today's Action Plan encourages the European Banking Authority (EBA) to make full use of its new powers to tackle money laundering and terrorist financing.
  2. A single EU rulebook: while current EU rules are far-reaching and effective, Member States tend to apply them in a wide variety of different manners. Diverging interpretations of the rules therefore lead to loopholes in our system, which can be exploited by criminals. To combat this, the Commission will propose a more harmonised set of rules in the first quarter of 2021.
  3. EU-level supervision: currently it is up to each Member State to individually supervise EU rules in this area and as a result, gaps can develop in how the rules are supervised. In the first quarter of 2021, the Commission will propose to set up an EU-level supervisor.
  4. A coordination and support mechanism for Member State Financial Intelligence Units: Financial Intelligence Units in Member States play a critical role in identifying transactions and activities that could be linked to criminal activities. In the first quarter of 2021, the Commission will propose to establish an EU mechanism to help further coordinate and support the work of these bodies.
  5. Enforcing EU-level criminal law provisions and information exchange: Judicial and police cooperation, on the basis of EU instruments and institutional arrangements, is essential to ensure the proper exchange of information.The private sector can also play a role in fighting money laundering and terrorist financing. The Commission will issue guidance on the role of public-private partnerships to clarify and enhance data sharing.
  6. The EU's global role: the EU is actively involved within the Financial Action Task Force and on the world stage in shaping international standards in the fight against money laundering and terrorist financing. We are determined to step up our efforts so that we are a single global actor in this area. In particular, the EU will need to adjust its approach to third countries with deficiencies in their regime regarding anti-money laundering and countering terrorist financing that put our Single Market at risk. The new methodology issued alongside this Action Plan today provides the EU with the necessary tools to do so. Pending the application of the revised methodology, today's updated EU list ensures better alignment with the latest FATF (Financial Action Task Force) list.
To ensure inclusive discussions on the development of these policies, the Commission launched a public consultation today on the Action Plan. Authorities, stakeholders and citizens will have until 29 July to provide their feedback.

Refined methodology

The Commission has today published a new methodology to identify high-risk third countries that have strategic deficiencies in their national anti-money laundering and countering terrorist financing regimes, which pose significant threats to the EU's financial system. The aim of this new methodology is to provide more clarity and transparency in the process of identifying these third countries. The key new elements concern: (i) the interaction between the EU and FATF listing process; (ii) an enhanced engagement with third countries; and (iii) reinforced consultation of Member States experts.The European Parliament and the Council will have access to all relevant information at the different stages of the procedures, subject to appropriate handling requirements.

Updated List

Under the Anti-Money Laundering Directive (AMLD), the Commission has a legal obligation to identify high-risk third countries with strategic deficiencies in their regime regarding anti-money laundering and countering terrorist financing. Pending the application of the above-mentioned refined methodology, the Commission has today revised its list, taking into account developments at international level since 2018. The new list is now better aligned with the lists published by the FATF.

Countries which have been listed: The Bahamas, Barbados, Botswana, Cambodia, Ghana, Jamaica, Mauritius, Mongolia, Myanmar, Nicaragua, Panama and Zimbabwe.

Countries which have been delisted: Bosnia-Herzegovina, Ethiopia, Guyana, Lao People's Democratic Republic, Sri Lanka and Tunisia.

The Commission amended the list in the form of a Delegated Regulation. It will now be submitted to the European Parliament and Council for approval within one month (with a possible one-month extension).Given the Coronavirus crisis, the date of application of today's Regulation listing third countries – and therefore applying new protective measures – only applies as of 1 October 2020. This is to ensure that all stakeholders have time to prepare appropriately. The delisting of countries, however, is not affected by this and will enter into force 20 days after publication in the Official Journal.

Background

The Commission's Anti-Money Laundering Package of July 2019 highlighted a number of weaknesses in the EU's anti-money laundering / countering the financing of terrorism framework. While the transposition and entry into force of recent legislation will address some of these issues, other problems remain. In response to this package, the European Parliament and the Council invited the Commission to investigate what steps could be taken to achieve a more harmonised set of rules, better supervision, including at EU level, as well as improved coordination among Financial Intelligence Units. Today's Action Plan is the Commission's reply to this call for action, and the first step to achieve the Commission's priority to deliver a new, comprehensive framework to fight money laundering and terrorist financing. The new methodology to identify and mitigate threats that strategic deficiencies in the anti-money laundering and countering terrorist financing of third countries pose to the integrity of the EU's financial system, also issued today, will further equip the EU to deal with external risks.

01 May 2020

GEG: The impact of Covid-19 on work : telemigration, relocation, environment

Heterogeneous data, knowledge and profiles that rarely meet must be brought together to give shape, during the crisis, to the world that will come after. The Groupe d’études géopolitiques releases today, within the framework of the Covid-19 Geopolitical Observatory, this working paper which reviews the state of play and formulates preliminary hypotheses on the short- and long-term effects of the pandemic on the energy sector, signed by Cyprien Batut, with a foreword by Andrea Garnero.

GEG: L’impact du Covid-19 sur le monde du travail : télémigration, relocalisation, environnement

Il faut rassembler des données hétérogènes, des savoirs et des profils qui se parlent rarement pour donner forme, pendant la crise, au monde qui viendra après. Le Groupe d’études géopolitiques publie aujourd’hui, dans le cadre des publications de l’Observatoire géopolitique du Covid-19, cette note de travail qui fait le point et émet les premières hypothèses dans les perspectives et les transformations de la pandémie sur l’économie du travail, signée Cyprien Batut, avec un avant-propos de l’économiste OCDE Andrea Garnero.

29 April 2020

Raconteur: Procurement & Supply Chain Innovation 2020

How has panic buying altered supermarket supply chains forever? Our Procurement & Supply Chain Innovation special report explores the upheaval of global supply chains, how procurement tech can help procurement professionals, and the cyber vulnerabilities for hackers during the crisis. It examines why emotional intelligence matters in supply chain management for building better relationships with customers and suppliers. The featured infographic looks at the benefits of supply chain automation, highlighting that the majority of companies are still behind the curve in adoption.

13 March 2020

OECD Tax Policy Reviews: Seychelles 2020

This report is part of the OECD Tax Policy Reviews publication series. The Reviews are intended to provide independent, comprehensive and comparative assessments of OECD member and non-member countries’ tax systems as well as concrete recommendations for tax policy reform. By identifying tailored tax policy reform options, the objective of the Reviews is to enhance the design of existing tax policies and to support the adoption of new reforms. This report provides an assessment of Seychelles' tax system and recommendations for tax reform, with a focus on the business tax. Chapter 1 gives an overview of Seychelles' key economic and tax challenges. Chapter 2 provides a comprehensive assessment of Seychelles' business tax system and simulates the impact of different business tax reform scenarios, based on business taxpayer microdata. Chapter 3 focuses on improving the design of non-business taxes.

11 March 2020

WikiFX: CG TRADE

WikiFX is a third-party service provider for clients to inquire whether a Forex broker is formal, legal and real. WikiFX provides all round service including inquiry of Forex broker's information, regulation, license, risk exposure, credit and valuation, platform verification and monitoring, complaints solving and investor rights protection, credit report download and related platform inquiry.







09 March 2020

Mauritius: FSC issues Investor Alert against CG TRADE

It has come to the attention of the Financial Services Commission, Mauritius (‘FSC ’) that an entity in the name of CG TRADE is falsely claiming to hold a Retail Forex Licence, bearing licence number C118023669, purportedly issued by the FSC on 23 July 2019.

 FSC issues Investor Alert against CG TRADE

18 February 2020

Nespresso® Professional Launches Its First Organic Coffee, Peru Organic, Part Of The Revamped Professional Origins Range

Today, Nespresso Professional announced the launch of Peru Organic, the first certified organic Nespresso coffee. The addition of Peru Organic is part of a revamp of the brand's Professional Origins coffee range, which includes three other distinctive, single-origin coffees sourced from Brazil, Guatemala and India. All four are designed for Nespresso Professional coffee machines—including the recently launched Nespresso Momento machine range which combines smart technology with intuitive features to deliver extraordinary coffee moments to any business.

All four Professional Origins coffees are sourced from carefully-selected regions within their respective countries, and they are cultivated, harvested, and processed using methods endorsed by local farmers. The result? A unique range of coffees that reflects the terroir, flavors, and traditions of their regions.

"Whether running a restaurant, serving coffee to hotel guests or ensuring office employees feel valued, we know having the highest quality, sustainably-sourced coffee matters," said Kika Buhrmann, Vice President of Nespresso Professional USA. "That's why we're always looking for new offerings for our partners, and we're immensely proud of our revamped Nespresso Professional Origins range; it blends together distinctive flavor, sustainability, and an authentic connection to these four coffee producing countries."

With the addition of Peru Organic, the Nespresso Professional coffee range is comprised of 15 unique coffees.

NESPRESSO PROFESSIONAL PERU ORGANIC

The latest Nespresso Professional Origins coffee is certified organic by both the European Union and the United States Department of Agriculture, so consumers can be sure it meets the highest standards. With an increasing number of consumers seeking organic options, Peru Organic will satisfy the US consumer with a floral, fruity, certified-organic coffee choice.

"Nespresso is excited to announce its first organic blend, Peru Organic, which is produced in collaboration with local farming communities," said Daniel Weston, Head of Sustainability at Nespresso. "Drinking organic coffee is a burgeoning lifestyle choice, which is why we've taken the time and care to craft Peru Organic. Produced in accordance with strict practices and controls across the whole supply chain, we hope our customers will enjoy the unique taste of this beautiful new organic coffee." 

To create Peru Organic, Nespresso Professional chose 450 smallholder farmers in the Cajamarca region, in northwestern Peru, nestled about 5,250 to 6,890 feet above sea level in the Andes Mountains. The independent farmers in this region hand-harvest the coffee cherries and dry them in their own backyards. They also use fertilizers made from organic materials, like banana skins, and utilize native plants like guava and lucuma to naturally shade the coffee trees and protect the local flora and fauna. The floral and fruity coffee flavor is reminiscent of the landscape in these unique, subtropical highlands.

ENJOYING THE NESPRESSO PROFESSIONAL ORIGINS RANGE

"Just as the four countries differ in geography, culture, and climate, the four unique coffees in our Nespresso Professional Origins range each deliver a different aroma and flavor," Buhrmann says, "and we guide customers to the perfect cup size and milk pairing, whichever single-origin coffee best meets their clients' tastes."   
  • India boasts woody notes and a punch of clove, nutmeg, and pepper, reflecting the spices growing amongst south Indian coffee trees. Recommended cup size: Espresso or ristretto
  • Brazil is a delicate blend of sweet cereal notes and toasted grain. Recommended cup size: Espresso, lungo or Americano
  • Guatemala is an intense, dry coffee with malty cereal notes tempered by a silky-smooth texture and botanical notes that build complexity. Recommended cup size: Espresso or lungo
  • Peru Organic offers fruity acidity balanced by aromas of toasted sweet cereals. Recommended cup size: Espresso, lungo or Americano

This wide range of flavor options provides diverse coffee experiences for any Nespresso Professional customer, meaning they can better serve their clients and employees no matter their taste preferences. All four blends mix well with milk: Nespresso recommends enjoying India and Peru Organic as a latte macchiato, Guatemala as a latte, and Brazil as a cappuccino.

11 February 2020

Nespresso BARISTA CREATIONS 2020

Cocoa Truffle

Dark and bitter cocoa flavour meets the malted cereal note of the base espresso in BARISTA CREATIONS Cocoa Truffle. It’s rich and reminiscent of dark chocolate truffles. The base espresso is a blend of the finest South American Arabicas – sweet Bourbon beans from Brazil in harmony with the washed Colombian beans. A split roast brings out the best in each to create an incredibly smooth and rounded espresso – a great match for that dark cocoa flavour. A distinct cocoa note with a touch of almond sweetness and a hint of vanilla – that’s how you’ll recognize a BARISTA CREATIONS Cocoa Truffle.

ORIGIN

The base espresso for the BARISTA CREATIONS flavored coffees is known for being incredibly round and smooth. In this Arabica coffee blend, you’re in the good company of the finest South American coffees – really rounded and smooth Brazilian Bourbon Arabica beans in harmony with washed Colombian Arabica. The cocoa flavour rounds out this blend even more – you get that familiar rich, velvety taste warming those roasted coffee aromas.

ROASTING

Split roast, the Brazilian coffee is lightly roasted to keep it smooth and with all its malted cereal notes intact, while the majority of the Colombian coffee beans get a short roast to release all their finer aromatics. A fine grind adds a glimmer of intensity to this harmonious coffee.

AROMATIC PROFILE

Vibrant dark cocoa on a base of malted cereal – that’s Nespresso BARISTA CREATIONS Cocoa Truffle. This flavoured coffee capsule is round and smooth with a richness as luxurious as dark chocolate truffles.

Caramel Crème Brûlée

The warming flavour of caramel softens the roasted notes of our most rounded and smooth espresso. Creamy notes of caramel, coconut and vanilla dance through BARISTA CREATIONS Caramel Crème Brûlée. The base blend for this Nespresso flavored coffee consists of some of South America’s finest Arabicas. We blended Brazilian Bourbon beans with washed Colombian coffee and split roasted them to bring them into beautiful harmony.

ORIGIN

The base espresso for the BARISTA CREATIONS flavoured coffees is known for being incredibly round and smooth. In this Arabica coffee blend, you’re in the good company of the finest South American coffees – really rounded and smooth Brazilian Bourbon Arabica beans in harmony with washed Colombian Arabica. The caramel flavour rounds out this blend even more – you get that sweet, creamy taste warming those roasted coffee aromas.

ROASTING

Split roast, the Brazilian coffee is lightly roasted to keep it smooth and with all its malted cereal notes intact, while the majority of the Colombian coffee beans get a short roast to release all their finer aromatics. A fine grind adds a glimmer of intensity to this harmonious coffee.

AROMATIC PROFILE

Nespresso BARISTA CREATIONS Crème Brûlée is all delicious caramel, vanilla and coconut notes dancing through the malted cereal character of our smoothest espresso. This flavoured coffee capsule is beautifully rounded and as sweet and creamy as crème brûlée.

Vanilla Éclair

It’s in sweet harmony that BARISTA CREATIONS Vanilla Éclair flavour blends into a round, smooth Latin American Arabica espresso. The base blend of Brazilian and Colombian Arabicas is known for its smooth taste and malted cereal notes – a real classic roasted coffee aroma. BARISTA CREATIONS Vanilla Éclair plays into that full flavour with its own richness. The vanilla flavour brings a velvety layer to the taste of this Nespresso flavoured coffee. If you dare the decadence, try it as a cappuccino and taste sweet almond notes dancing through the creamy custard taste.

ORIGIN

The base espresso for the BARISTA CREATIONS flavoured coffees is known for being round and smooth. In this Arabica coffee blend, you’re in the good company of the finest South American coffees – really rounded and smooth Brazilian Bourbon Arabica beans in harmony with washed Colombian Arabica. The vanilla flavour mellows out this blend even more – you get that familiar rich, velvety taste warming those roasted coffee aromas.

ROASTING

Split roast, the Brazilian coffee is lightly roasted to keep it smooth and with all its malted cereal notes intact, while the majority of the Colombian coffee beans get a short roast to release all their finer aromatics. A fine grind adds a glimmer of intensity to this harmonious coffee.

AROMATIC PROFILE

Warming vanilla on a base of malted cereal – that’s Nespresso BARISTA CREATIONS Vanilla Éclair. This flavoured coffee capsule is round and smooth with a silky mouthfeel that may remind you of vanilla eclairs.

10 February 2020

Cyber Risk Surveillance: A Case Study of Singapore

Cyber risk is an emerging source of systemic risk in the financial sector, and possibly a macro-critical risk too. It is therefore important to integrate it into financial sector surveillance. This paper offers a range of analytical approaches to assess and monitor cyber risk to the financial sector, including various approaches to stress testing. The paper illustrates these techniques by applying them to Singapore. As an advanced economy with a complex financial system and rapid adoption of fintech, Singapore serves as a good case study. We place our results in the context of recent cybersecurity developments in the public and private sectors, which can be a reference for surveillance work.

06 February 2020

KPMG - Brexit Transition Phase: Actions to take in 2020

For corporate groups which may have an Irish registered company, either forming part of, or heading up the group, there are several Irish company law considerations to be borne in mind and which may require action as part of an overall Brexit strategy.

GECKO – Guide de l’Eco-Konception dans l’océan Indien

GECKO est un guide conçu par le Programme ENERGIES mis en oeuvre par la COI et financé par l’Union européenne.

Objectif de ce guide : réduire la consommation énergétique des bâtiments dans l’océan Indien.

03 February 2020

Legatum Institute: The Africa Prosperity Report 2019-2020

The Legatum Institute’s Africa Prosperity Report quantifies prosperity across each African nation and tracks its evolution over the past decade.

  • Prosperity in Africa is at its highest ever level, and 43 countries have improved in the last decade, though the divergence between the top and bottom ranked countries has increased.


  • Each region of the continent has improved, with East Africa seeing the most improvement.
  • Strong personal freedoms underpin rising prosperity, as seen in countries such as Togo.
  • Social wellbeing has improved consistently over the last 10 years, with health and education standards rising, poverty rates falling, and living conditions improving.


  • The most important underlying driver of improvements in prosperity over the last decade has been a strengthening of institutions.
  • Microeconomic factors and social wellbeing have improved across the continent, even among countries that have declined in their overall prosperity.
  • If all African countries were to replicate the high performance of the most prosperous countries on the continent, they would rank 38th in the world.