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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
CFTC official says agency will focus on core misconduct areas

David Miller, the new enforcement director at the Commodity Futures Trading Commission (CFTC), has said the regulator will focus on ‌policing misconduct including insider trading in prediction markets and manipulation in energy markets. The agency, which oversees commodities and swaps markets, will focus on a handful of enforcement areas, also including market abuse such ​as spoofing and willful violations of laws designed to prevent money laundering, Miller ​said in his first public remarks since joining the CFTC last month. “Unfortunately there’s a myth in mainstream media and social media that insider trading doesn’t apply in the prediction markets,” Miller said at a panel at New York University. “That is wrong.”

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Risk Channel
UK/Europe
Unilever works council worries about McCormick deal job losses

Unilever's European works council has said that the company's $65bn merger with McCormick could precipitate union action over potential job losses. The labour pushback comes as Unilever CEO Fernando Fernández seeks to streamline operations and focus on high-growth categories. The deal, which combines brands including Hellmann's and Knorr with McCormick's spices, is expected to close next year pending approvals. "We fear that ​a possible transaction could be accompanied by further personnel measures," the ​Unilever European Works Council (UEWC), which represents nearly 20,000 employees in Europe and Britain, told Reuters. "Uncertainty among the workforce is high." The UEWC said it would weigh what action might be taken if Unilever does not "find ​good solutions for ​affected employees," adding "It could ⁠lead from negotiations to maybe strikes in different countries where that is possible. It depends on ​the legislation around Europe."

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