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Recent Editions
Risk Channel
North America
The Federal Trade Commission (FTC) has opened a broad investigation into the safety of AI systems developed by Anthropic and OpenAI, although the scope of the probe has not been disclosed. The investigation comes as the Trump administration argues that existing consumer protection and other laws can be used to hold AI companies accountable rather than immediately introducing a new regulatory framework. FTC chair Andrew Ferguson has cautioned against adopting new AI-specific rules before assessing existing laws, while Vice President JD Vance has said the FTC and Justice Department will act as federal watchdogs over the industry. The probe follows heightened concerns over the safety of increasingly capable AI systems, with Anthropic and OpenAI executives proposing a coordinated slowdown to allow more time for safety measures.
Full Issue
Risk Channel
UK/Europe
Andrew Bailey, Governor of the Bank of England, has urged governments to enhance testing of frontier AI models before public release, saying this is "essential if we are to understand the behaviour of increasingly complex systems." He highlighted the risks posed by advanced AI to banking, financial markets and payment systems, saying that the "closed loop" nature of these technologies limits oversight. The Bank's Financial Policy Committee has warned that rapidly growing AI-related debt, complex financing arrangements and links between technology firms could amplify losses and increase financial stability risks if expectations about AI’s economic benefits weaken.
Full Issue
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In the closing days of the 1960s, a boy walks quickly along the sidewalk as he follows his father striding purposefully in and out of the smoky roadside bars and diners of Baltimore. His father enters an establishment, a tired neon light flashing, and exchanges words with the bar-tender as the boy hops up onto a stool. It is a well-rehearsed routine....
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Here Comes The Bribe
How robust are the anti-bribery strategies in your organisation? Do you have any? Bribery is not a phenomenon limited to multinationals operating in some of the more obscure, less-regulated areas of the world.
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The demands for “whistle blowing” employees to be given more protection are growing. The following stories selected from the daily news newsletter highlight this trend
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CEOs Fret Over Lost Remote Control
“Over recent weeks as politicians signal that societies now need to live with Covid-19 and have announced the lifting of distancing restrictions some high-profile CEOs have publicly called for their workforces to re-embrace the office as the Covid pandemic threat recedes
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ESG Is Not Another Name For CSR
Back in the distant 1980s if you wanted to demonstrate your environmental and ethical credentials it was sufficient to shop at or purchase shares in retailer The Body Shop.
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