The Economist (May 19)
Unless European “companies or their governments take the fight all the way to the White House, they have little choice but to abide by the long—and sometimes wrong—arm of American law.” America’s threat of sanctions on companies doing business with Iran impacts major players including Total, Airbus, Peugeot, Renault and SWIFT. Still, it remains to be seen if “there is the stomach for such a battle.”
Tags: Airbus, European, Fight, Governments, Iran, Law, Peugeot, Renault, Sanctions, Swift, Threat, Total, White House
Financial Times (May 25)
News that the cross-border payment system Swift “has at least woken up to the challenge facing its business” is encouraging. “But this is not just a problem involving cross-border deals. Cyber crime is increasingly a threat to the whole financial industry. This is one digital challenge that banks cannot duck.”
Tags: Banks, Cross-border, Cyber crime, Digital challenge, Financial industry, Payments, Swift, Threat
