Deloitte

Family business leaders of tomorrow are being encouraged to bring their families up to speed on the value of new technologies after almost 40% of families admitted they did not have a digital strategy.

Digital awareness among next generation family business leaders was high, but other family members may not be as aware of the opportunities that digital technologies can offer, the latest Deloitte survey of next gen family businesses found.

New regulations driving greater transparency around beneficial ownership are being set up throughout Europe, spearheaded by Great Britain. Alison Ebbage reports

Before David Cameron’s leadership was overshadowed by Britain’s infamous vote to exit from the European Union, he had notched up another notable first: pushing the United Kingdom to become the first G20 country to set up a publicly accessible register of beneficial ownership.

In May, Target chief executive Gregg Steinhafel stepped down after 35 years at the chain, following revelations a data breach had affected 70 million customers – one of the largest consumer data breaches ever. It came just one year after the National Security Agency (NSA), one of the most secretive government bodies in the US, was embarrassed by third-party contractor Edward Snowden, who released information to the media about their surveillance of non-consenting individuals. Data security breaches, big and small, are on the increase, and are making headlines.

The global economic crisis has left Asian consumers increasingly mistrustful of foreign banks, with many preferring to use local institutions, according to new research from McKinsey.

The study, published in the latest McKinsey Quarterly, comes at the same time as many multinational banks are focusing heavily on growing their presence in Asian markets, amid a rise in the number of wealthy individuals in the area.