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Recent Editions
Risk Channel
North America
President Trump’s Office of the U.S. Trade Representative (USTR) is proposing new tariffs of up to 12.5% on 59 countries and the European Union based on an investigation into forced labor under Section 301 of the Trade Act of 1974. The USTR claims there has been widespread failure to restrict the importation of goods produced by forced labor, a practice that affects an estimated 27.6 million men, women, and children victims of the practice daily, and which generates $236bn in illegal profits annually. Legal experts say the unilateral imposition of tariffs against 60 economies at once is unprecedented, and CNBC reports that trade and labor authorities say the USTR's investigation was executed in short order, and is likely to meet significant legal challenges - including that the U.S. has itself struggled like most countries to crack down on the pervasive issue.
Full Issue
Risk Channel
UK/Europe
The Financial Stability Board (FSB) has said it “strongly” encourages boards to consider implementing safeguards to mitigate risks from AI, including from “agentic” AI - systems that are capable of planning, reasoning and executing tasks with limited human oversight. The FSB said autonomous AI introduces risks that can “materialise at great speed”, and “AI agents pose a distinct challenge for human oversight.” In a report, the global standard setter detailed proposed “sound practices”, and called on financial firms to define clear boundaries on AI use and embed safeguards. Firms can consider adapting HR controls and processes to AI agents in a way that treats them as "synthetic employees," the FSB said.
Full Issue