UK and U.S. regulators build Brexit 'bridge' for derivatives

Reuters | February 25, 2019

Britain and the United States said on Monday that their regulators are taking every step needed to ensure that trillions of dollars in derivatives contracts traded across the Atlantic will not be disrupted by any type of Brexit. Derivatives are widely used by companies to hedge themselves against unexpected moves in borrowing costs or prices for raw materials. "Market participants can be confident that the clearing and trading of derivatives between the UK and U.S. will maintain the high standards of today when the UK leaves the EU," Bank of England Governor Mark Carney said in a statement.

Spotlight

After a lengthy search, Christopher P. Leichtweis has been named the new president and chief strategic officer of the North Wind Group, a wholly owned CIRI subsidiary based in Idaho Falls, Idaho.

Spotlight

After a lengthy search, Christopher P. Leichtweis has been named the new president and chief strategic officer of the North Wind Group, a wholly owned CIRI subsidiary based in Idaho Falls, Idaho.

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Peraton and Appvance Partner to Deliver Cutting Edge AI-Driven Autonomous Testing

Appvance | October 10, 2022

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EMERGING TECHNOLOGY

Germany to Create Its First Quantum Computing Business Cloud

Germany Trade & Invest | November 14, 2022

Germany's Ministry of Economic Affairs and Climate Action (BMWK) has contracted software company QMWare and cloud specialist IONOS, together with the University of Stuttgart and the Fraunhofer FOKUS research institute, to construct a platform for quantum computing applications for German industry. The cloud will be the first of its kind in the country. The project, called SeQenC, will run for three years and is part of the ministry's "Digital Technologies for Business" support program. The ministry will be investing tens of millions of euros, although no exact figure was named. During the project's three-year span, selected partner companies from industry and the wider economy will be invited to test out applications in sectors such as telecommunications, logistics, finance, automotive and energy. The project is the latest in a series of quantum computing initiating to come from the BMWK. In late September, the ministry announced that it would put EUR 14 million into a quantum processer prototype developed on the basis of photonic systems. The BMWK has pledged to invest EUR 740 million in quantum computing as a whole. "The German government's investment indicate how serious it is about quantum computing in Germany, Such initiatives not only create superior conditions for businesses active in Germany. They also show that niches are arising for international quantum computing businesses to come to Europe's largest economy and profit from this exciting transformation." -Asha-Maria Sharma, computing industry expert at the German government agency Germany Trade & Invest. Germany Trade & Invest (GTAI) is the economic promotion agency of the Federal Republic of Germany. GTAI supports German companies setting up in foreign markets, promotes Germany as a business location and assists foreign companies setting up shop in Germany.

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EMERGING TECHNOLOGY, CYBERSECURITY

Resecurity Broadens Alliance with Cloud Seguro in Colombia

Resecurity | September 12, 2022

Resecurity, Inc., a U.S. cybersecurity and intelligence company, announced its deepened partnership with Cloud Seguro to expand Resecurity's AI-driven cybersecurity solutions and services to Colombia. Based in Bogotá, Cloud Seguro is a leading Colombian Information Security, Ethical Hacking and Cloud Security company. As Colombia's digital economy expands, cyber threats are increasingly prominent; the first half of 2020 saw a 59% increase in reports of computer crimes compared to the same period of the previous year. In 2019, Colombia was among the countries in Latin America most targeted by cyber criminals. Cybersecurity has become a frequent topic of policy concern for Colombia. The government proposed a Consolidated Guiding Vision in document CONPES 3701, which seeks to generate national cybersecurity policy guidelines. The aim is to develop a national strategy that counteracts the increase in computer threats to Colombia's digitization process. 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