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🌍 Big Four firms have been linked to offshore companies associated with an estimated $37bn of investment in low rule-of-law jurisdictions.
Researchers say 90% sits in networks considered high risk for sanctions or illicit finance, though the findings do not prove wrongdoing.
🤖 Who is liable when an AI agent runs a company and makes a harmful decision?
The U.S. House Oversight Committee is investigating Delaware’s proposal to test AI-run corporate entities with liability protections for owners and investors.
#RiskManagement #AI #CorporateGovernance
🔐 The record $6.3bn Binance hack is pushing crypto exchanges to strengthen their defenses.
Kraken, Coinbase and others are reviewing security, while industry leaders are calling for real-time hack alerts and faster coordination when stolen funds start moving.
#RiskManagement
🌾 Global food inflation could stay elevated into 2027 as conflict, shipping disruption, fertilizer costs and drought constrain supply.
Wheat is up 30%+ this year, while rice prices across key Asian exporters have risen 10–13%.
#RiskManagement #FoodInflation #SupplyChainRisk
✈️ Airlines say even stringent pilot vetting cannot eliminate every cockpit security risk.
Following a recent FlyDubai incident, industry leaders are calling for continued improvements while balancing passenger safety with employee privacy.
#RiskManagement #AviationSafety
🏦 The FSB says 15 of 19 major jurisdictions are not fully prepared to provide emergency liquidity during a major bank failure.
Only the U.S., UK, Japan and Hong Kong fully meet its recommendations.
#RiskManagement #Banking #FinancialStability #LiquidityRisk
Executive confidence in resilience may be running ahead of actual planning.
Highspring found 95% of business leaders experienced disruption in the past year, yet 80%+ still rated their functions as prepared. Among large companies, 53% rarely or never planned for unexpected risks.
The IMF is warning that the AI investment boom could become a global economic risk if expected returns fail to materialise. Its downside scenario suggests weaker investment, markets and exports could cut global growth by as much as 1.3 percentage points in 2028.
#FinancialRisk
🌧️ Climate risk could increasingly become uninsured risk.
A new report warns insurers are reducing coverage for weather-related losses, potentially shifting more costs onto homeowners and governments as some regions become harder to insure.
#RiskManagement #ClimateRisk
🤖 Who is liable when an AI agent mishandles a financial transaction?
Bank of England Governor Andrew Bailey says regulators need to address the “agentic issue” as AI takes on more financial tasks, while cyber risk remains an urgent concern.
#RiskManagement #AI #CyberRisk
U.S. regulators are increasing scrutiny of “debanking.”
The OCC says its review of nine major banks found policies that could allow political, religious or reputational considerations to influence access to financial services. Further regulatory changes are now being considered.
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#RiskManagement #Compliance #RiskChannel
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SAI360’s guide explores modern third-party risk management, from continuous oversight and vendor red flags to regulatory resilience.
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#ThirdPartyRisk #RiskManagement #Compliance #CyberRisk
⚠️ UBS has been fined €5m in the Netherlands over historic tax-evasion practices involving Credit Suisse clients.
The case covered 12 clients and 80 incorrect tax returns filed between 2005 and 2015.
#RiskManagement #Compliance #Banking #FinancialCrime
🤖 AI may reshape banking more slowly than other industries. Société Générale CEO Slawomir Krupa says lenders are “so regulated and so supervised” that rapid transformation is unlikely. For banks, AI adoption will have to move in step with governance, risk and regulatory controls
🛒 Banks are warning that AI shopping agents could create new risks around scams, payment security and data privacy.
As agentic commerce grows, consumers may face uncertainty over who is responsible if an AI makes the wrong purchase or loses money to fraud.
#RiskManagement #AI
💸 Around $9bn in Iranian-linked funds reportedly passed through U.S. banks in 2024 despite sanctions.
Tighter enforcement could improve compliance, but also risks pushing transactions toward alternative currencies and crypto.
#Sanctions #Banking #Compliance #FinancialCrime
🤖 Is AI really driving job losses?
A new BEA working paper found that firms adopting AI increased headcount by around 10%, with gains also seen in entry-level roles.
The bigger risk may be the gap between businesses that can adopt AI effectively and those that cannot.
💷 UK fintechs are calling for the 0.5% stamp duty on shares to be scrapped.
Innovate Finance says the levy raises the cost of capital and leaves UK-listed firms more reliant on overseas investment, takeovers and relocation.
#RiskManagement #Fintech #CapitalMarkets #IPO
🤖 65% of U.S. workers don’t always independently verify AI answers, while 30% say inaccurate AI output has already caused a workplace problem.
Yet only 22% report having a written verification policy at work.
AI adoption needs verification rules too.
#RiskManagement #AI

