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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.

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Risk Channel
North America
Lululemon apologizes after Japanese drum controversy at Great Wall yoga event

Lululemon has apologized after a promotional yoga event at the Great Wall of China attracted criticism on social media over the alleged use of a Japanese drum, highlighting the cultural sensitivities facing foreign brands in the Chinese market. The Canadian athleisure group issued an apology on Chinese social media platform Weibo to both actor Zhu Yilong, who performed at the event, and the wider public after accusations circulated that the drum used during the performance was Japanese. Lululemon said it had failed to identify potential controversy due to limitations in its expertise, acknowledged that it should have been more cautious in its planning process, and removed all related promotional content. The incident comes amid heightened tensions between China and Japan and underscores the reputational risks international companies face when marketing products in China, where cultural and political issues can rapidly gain traction online. Last year, outdoor clothing brand Arc’teryx faced a similar backlash following a fireworks event in Tibet.

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Risk Channel
UK/Europe
EU resists banks’ plea for major overhaul of capital rules

The European Banking Authority (EBA), the EU’s banking regulator, has rejected industry calls for a major overhaul of the bloc’s capital requirements, setting out what it called "targeted" and "balanced" proposals ‌to simplify the bank capital framework without weakening the sector's resilience. The EBA suggested that supervisors set Pillar 2 Guidance when they deem a lender's own management buffer to be too thin under stress or when its capital planning isn't sufficiently conservative. The regulator's suggestions, which are likely to be key for a forthcoming European Commission report on banking competitiveness that is expected next month, include "Clear and transparent" methodologies to assess potential overlaps between bank-specific and sector-wide capital requirements and prioritising qualitative measures over quantitative capital requirements.


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