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Recent Editions
Risk Channel
North America
Goldman Sachs has added rules on prediction-market betting to its employee codes of conduct. The bank's personal trading policy bans employees from trading on prediction markets except for sports and entertainment bets. Trading on event contracts related to specific companies, election outcomes, or financial market performance is prohibited. Repeated violations of the policy may lead to dismissal or account closure, and employees may be required to forfeit profit or donate it to charity in cases of improper trades.
Full Issue
Risk Channel
UK/Europe
The European Commission is preparing a "Buy European" initiative that would allow public authorities to favour EU and partner-country suppliers in public procurement, as Brussels seeks to strengthen European industry and reduce dependence on foreign providers, particularly from China. The draft proposals, expected to be published in September by industry commissioner Stéphane Séjourné, would create a legal basis for governments to prefer European companies, while still allowing non-EU suppliers where European alternatives are unavailable or would result in disproportionate costs. The measures are likely to spark debate over protectionism as public procurement, worth around 15% of EU GDP, is increasingly viewed as a strategic industrial policy tool.
Full Issue