Risk Channel

Risk intelligence to lead, innovate & grow.

Want to get your daily slice of Risk knowledge to your inbox? Sign up now

Risk Channel helps you stay ahead of essential risk news shaping your profession. Every weekday, our unique blend of AI, risk experts and researchers monitor 100,000s of articles to share a summary of the most relevant and useful content to help you lead, innovate and grow.

From supply chain to regulatory enforcement, data privacy, GRC controls, whistleblowers, and risk management strategies. Risk Channel is the only trusted online news source dedicated to covering current headlines, articles, reports and interviews to make sure you’re at the forefront of changes in the risk industry.

HT banner
Recent Editions
rc-recent-na
Risk Channel
North America
OCC withdraws guidance to banks for climate-related financial risk

The U.S. Treasury Department's Office of the Comptroller of the Currency has withdrawn its principles for guiding banks on climate-related financial risks. Acting Comptroller of the Currency Rodney Hood said: "The principles providing guidance to banks for climate-related financial risk are overly burdensome and duplicative." The decision aligns with President Donald Trump's broader agenda, which includes withdrawing from the Paris Agreement and cancelling U.S. global climate finance initiatives.

Full Issue
rc-recent-eu
Risk Channel
UK/Europe
Probe finds cultural failings at Wood Group

Engineering services company John Wood Group has identified "cultural failings" as a key issue following an independent investigation by Deloitte, which revealed that crucial financial information was withheld from auditors. The firm is unlikely to meet the deadline for publishing its full-year results, risking suspension of its London-listed shares. Deloitte's findings highlighted "material weaknesses and failures" in the financial culture of Wood Group's projects business, including "inappropriate management pressure" and a lack of evidence for accounting judgements. The company anticipates significant adjustments to its income statements and balance sheet for the past three financial years. Chief financial officer Arvind Balan resigned last month after he admitted to providing an incorrect description of his qualifications. Wood Group now says it is committed to a "detailed remediation plan" to improve its financial governance and controls. The firm is also in takeover discussions with Sidara, which previously made a £1.6bn offer before withdrawing due to market uncertainties.

Full Issue
top-shadow
Read the latest Risk highlights