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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
IEA proposes record 400m-barrel oil reserve release

The Wall Street Journal reports that the International Energy Agency (IEA) has proposed the largest coordinated release of strategic oil reserves in its history - up to 400m barrels - to stabilize global crude prices following supply disruptions caused by the U.S.-Israel war with Iran. The plan, discussed at an emergency meeting of the agency’s 32 member countries, would more than double the previous record release of 182m barrels in 2022 after Russia’s invasion of Ukraine. The move aims to offset disruptions linked to the near closure of the Strait of Hormuz, through which about one-fifth of global oil supply normally passes. Member countries are expected to decide on the proposal imminently, as leaders also weigh broader energy responses amid concerns that surging oil prices could fuel inflation and economic instability.

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Risk Channel
UK/Europe
UBS urges US judge to curb liability for Holocaust-related litigation

Swiss lender UBS has called on a US judge to protect it from new Holocaust-related lawsuits linked to the former Credit Suisse's activities during World War Two. During a court hearing, UBS's lawyer, David Burns, argued that a $1.2bn settlement from 1999 should cover all claims related to the Holocaust. The Simon Wiesenthal Center's lawyer, Faith Gay, opposes this position, claiming UBS is attempting to silence legitimate challenges to the settlement. The judge, Edward Korman, has yet to decide on the matter. An investigation into potential Nazi-linked accounts continues. UBS bought Credit Suisse in a Swiss government-arranged rescue in 2023,

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