You’re all signed up for Risk Channel
Thank you for your interest in our service.
Watch out for a confirmation email from our subscriptions team. Once you have confirmed you will join the worldwide community of over 14,000 subscribers who are receiving daily Risk intelligence to lead, innovate and grow.
Note: Due to the nature of this message you may find this in your "promotions" or "spam" folders, please check there. If nothing arrives within a few minutes let us know. If you do not receive this email we will be happy to help get you set up.
Adding the email address [email protected], will help to ensure all newsletters arrive directly to your inbox.
Recent Editions
Risk Channel
North America
Kraken’s newly approved Federal Reserve master account has sparked concern among regulators and banks over potential risks to financial stability, transparency, and oversight as crypto firms gain closer access to core payment infrastructure. The account, granted by the Kansas City Fed with restrictions such as limited balances and no access to interest or emergency lending, allows Kraken to process payments directly through Fedwire, bypassing traditional banks, but critics warn this could introduce operational vulnerabilities, money-laundering risks, and reduce deposits in the banking system. Lawmakers have questioned the opaque approval process and are seeking further details, while experts caution that extending Fed access to lightly regulated crypto firms, despite safeguards, may expose the financial system to new and largely untested risks.
Full Issue
Risk Channel
UK/Europe
The Bank of England’s head of risk, Duncan Mackinnon, is to meet top bank and insurance bosses to outline the threat posed by Claude Mythos, the new AI system from Anthropic. Officials from the UK's Treasury, the Financial Conduct Authority and the National Cyber Security Centre will also attend. Mythos is currently deemed too dangerous for public release amid fears the AI model could breach the IT security of the financial system, and experts are working with Anthropic to help develop defences against it. The UK warning comes after US Treasury secretary Scott Bessent last week summoned the leaders of some of the largest US banks to discuss the risk posed by Anthropic’s latest AI model. JPMorgan Chase, Goldman Sachs, Citigroup, Bank of America and Morgan Stanley are among the banks testing the technology internally, according to Bloomberg.
Full Issue