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Recent Editions
Risk Channel
North America
European Union member states won't force global tech companies such as Google and Meta to identify and remove online child sexual abuse. Reuters says the position represents a victory for the companies and for anti-surveillance activists who had argued that draft online child protection rules threaten privacy, and is part of a wider pushback against regulation led by U.S. President Donald Trump. Online providers will be required to assess the risk of their services being used to disseminate child sexual abuse material and take preventative measures, but the European Council left enforcement up to national governments. EU member states will now have to thrash out details of the draft rules with EU lawmakers before the legislation can be passed. An EU Centre on Child Sexual Abuse will be set up to help countries comply and provide assistance for victims.
Full Issue
Risk Channel
UK/Europe
The world's central banks are wary of artificial intelligence amid concern that AI-driven behaviour could "accelerate future crises," according to a survey by the Official Monetary and Financial Institutions Forum. "AI helps us see more, but decisions must remain with people," one participant was quoted as saying in the report from a working group of 10 central banks from Europe, Africa, Latin America and Asia managing roughly $6.5trn. More than 60% of respondents said that AI tools are not yet supporting core operations. although most central banks are using AI mainly for basic work, such as summarising data or scanning markets. "Most early applications centred on routine analytical tasks rather than risk management or portfolio construction," the report said.
Full Issue
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