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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
Most countries unprepared for bank failures, warns FSB

The Financial Stability Board (FSB) has warned that 15 of 19 major jurisdictions lack fully compliant emergency funding mechanisms to manage large bank failures, raising concerns about global financial stability. Its review found that only the United States, United Kingdom, Japan, and Hong Kong fully meet its recommendations for providing temporary liquidity to failing banks. India and Argentina were deemed completely non-compliant, while Australia, China, the European Union, Switzerland, and several other jurisdictions were identified as materially non-compliant. The watchdog highlighted weaknesses in the scale, reliability, and availability of emergency funding, warning that these gaps could complicate bank resolutions and increase the risk of government intervention. Citing the 2023 Credit Suisse rescue, the FSB urged governments to strengthen financial safeguards and establish credible liquidity backstops before another major banking crisis.

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Risk Channel
UK/Europe
EU 'well equipped' to combat rogue AI risk, tech chief says

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."

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