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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
SCOTUS backs FCC's fine system

The U.S. Supreme Court ruled 8-1 in favor of the Federal Communications Commission (FCC), affirming its system for imposing fines on wireless carriers AT&T and Verizon. The ruling addressed whether the FCC's internal proceedings violated the companies' constitutional right to a jury trial. The FCC had fined AT&T $57m and Verizon nearly $47m for unlawfully selling customer location data without consent. The court's decision supports the FCC's authority to assess penalties, with Justice Department lawyers arguing that companies can challenge these assessments in court. The ruling follows a split among regional appellate courts regarding the legality of the FCC's procedures.

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Risk Channel
UK/Europe
London-listed banks hit as China limits money flows

Asia-focused UK financial stocks fell after reports that Chinese lenders have tightened access to Hong Kong bank accounts for mainland clients as Beijing seeks to curb capital flight. Standard Chartered closed down 2.8%, HSBC lost 1.8% and Prudential fell 7.6%, reflecting investor concern that stricter oversight could reduce cross-border demand for banking, investment and insurance products. The South China Morning Post reported that Bank of East Asia’s Shanghai branch had suspended the opening of Hong Kong accounts, while Reuters said HSBC and Hang Seng Bank had asked some investment-account clients to confirm funds came from overseas rather than China. Jefferies analysts said the rules appeared aimed at enforcing existing restrictions rather than disrupting the system, but warned that some customers may avoid buying products altogether.

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