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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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Recent Editions
Risk Channel
North America
President Trump has called for “tremendous self-regulation” of artificial intelligence at a White House summit with tech leaders including Meta’s Mark Zuckerberg Nvidia’s Jensen Huang, XAI’s Elon Musk and Google’s Sundar Pichai, who agreed to a “morally binding” set of principles for the technology. “We automatically have regulation with the Department of Justice, the FBI, all of that. But the self-regulation is very important,” Trump said. Six of the CEOs signed a one-page document titled the “White House Accord on Super Intelligence: Joint Commitment on Frontier Responsibilities.” Trump told reporters: “It’s almost like a constitution in a way,” adding: “The biggest people in the world signed that, and I signed it as president, and it really is a form of protection . . . I think it’s morally binding.” Meta's Zuckerberg described the document as “a set of principles and commitments around building robust internal controls and detecting if there are any issues with the technology, coupled with multiple layers of auditing and controls, starting with internal risk review, external auditors and evaluators.”
Full Issue
Risk Channel
UK/Europe
Switzerland's financial regulator, the Swiss Financial Market Supervisory Authority (FINMA), has found that wealth manager Julius Baer committed "serious" regulatory violations. The inquiry related to private debt loans to a European group, and client relationships tied to two Russians who were described as politically exposed. FINMA said it had established that the bank had "committed serious violations of supervisory provisions," highlighting breaches of "the requirements for appropriate risk management and the legal obligations relating to the prevention of money laundering." The regulator said the bank had "already implemented many immediate measures . . . to address the identified shortcomings and improve its culture," and had, at its request, "redefined its risk appetite . . . strengthened its control functions, overhauled its remuneration system . . . (and) fundamentally overhauled its corporate governance framework." FINMA said it was "confiscating" around 10m Swiss francs ($12m) in ill-gotten gains and had opened proceedings against three former employees.
Full Issue
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