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Recent Editions
Risk Channel
North America
The IMF has warned of AI's looming impact on jobs. “It is a slow-moving tsunami,” IMF Managing Director Kristalina Georgieva, speaking during a Civil Society town hall at the IMF-World Bank Annual Meetings in Bangkok, said of the impact on employment. “We estimate 40 per cent of jobs will be augmented, downgraded or eliminated. In advanced economies, [that figure is] 60 per cent. [In] low income countries, [around] 23 per cent.” She added: “We cannot today imagine what exactly the world of work will be five years from now . . . but we can be disciplined, draw lessons and act on them.”
Full Issue
Risk Channel
UK/Europe
Henna Virkkunen, Executive Vice-President of the European Commission for Technological Sovereignty, Security, and Democracy, has told Reuters that the bloc is "well equipped" to tackle AI-enabled rogue agents. "We see that the safety and security of very capable models is a very hot topic internationally and we in Europe are well equipped for that . . . We have our AI Act in place and the AI Act covers the whole life cycle of these models," Virkkunen said. She added: "Our legislators and decision makers, I think that they have been taking into account very well already the coming developments, for example how they saw that the risks have to be assessed and external experts have to be used and they have to continue monitoring the models."
Full Issue
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New Broom at S.E.C
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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Whistle Test Is Coming
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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