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Recent Editions
Risk Channel
North America
The Office of the Comptroller of the Currency (OCC) has released a report revealing that several major U.S. banks unfairly denied services to clients based on political, religious, or other subjective criteria. The "debanking" report examined nine of the largest banks, which collectively hold a significant portion of U.S. commercial banking assets. Comptroller of the Currency Jonathan Gould said: "Americans should have access to financial services regardless of their beliefs, affiliations, or political views." While the OCC criticized these practices, it did not impose any penalties but indicated potential policy changes to prevent such actions in the future. The report also highlighted concerns about banks distancing themselves from clients due to perceived "reputational risks." Allegations of politically motivated debanking have gained widespread attention, particularly during the Trump administration, with President Trump himself filing a $5bn lawsuit against JPMorgan Chase for allegedly closing his accounts for political reasons.
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Risk Channel
UK/Europe
Anthropic has warned that some of its AI models could soon become “self-replicating” and find ways to infiltrate commercial internet-of-things devices, including smart ovens and off-brand Android TV boxes. “A replicator . . . would be challenging to shut down,” Anthropic researchers wrote in a report, “since there’s no centralised point to shut off.” Anthropic acknowledged that there is not yet a “fully rogue replicator,” but agents are “becoming increasingly capable of completing the individual steps in the replication chain (and passing on their adaptations to future copies of themselves).” The AI lab said in its report: “As a prediction that goes beyond our experiments, we expect a future awash with agents running on all types of hardware, including some that aren’t under human control.”
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