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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.

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Risk Channel
North America
EU eyes bigger corporate levy

The European Commission is considering reshaping a proposed EU-wide corporate levy to generate more revenue from large U.S. technology companies such as Apple, Meta, and Google without specifically targeting the digital sector and risking retaliation from the Trump administration. The existing Corporate Resource for Europe proposal would require companies operating in the EU with annual revenue above €100m ($111.87m) to make a lump-sum contribution, but officials are considering raising the revenue threshold and contribution levels to focus the levy on the largest corporations. The changes could increase the amount collected from Big Tech while addressing concerns that the current proposal would disproportionately affect medium-sized European companies. The levy would apply across industries, rather than exclusively to technology companies, and is one of five proposed new EU revenue sources intended to collectively raise about €60bn annually for the bloc’s common budget beginning in 2028. Any changes would require unanimous approval from all 27 EU member states. Brussels is exploring alternatives after international efforts to reform multinational corporate taxation stalled, and amid concerns that a dedicated digital services tax could trigger U.S. trade retaliation.

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Risk Channel
UK/Europe
UK court quashes five ex-traders' Libor rate rigging convictions

Five former Barclays traders who were accused of manipulating the interest rates used for loans between banks have had their convictions overturned by the UK Court of Appeal. Jay Merchant, Jonathan Mathew, Philippe Moryoussef, Alex Pabon, and Colin Bermingham were previously convicted for manipulating Libor and Euribor rates. The Serious Fraud Office (SFO) did not oppose the appeals. Tom Bushnell, a partner at Hickman & Rose, said the SFO "must reflect on how its repeated failure to ensure these trials were conducted fairly contributed to the collapse of its most significant series of prosecutions of the past fifteen years."

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