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Recent Editions
Risk Channel
North America
U.S. President Donald Trump has signed an executive order to “increase oversight” of proxy advisers that guide shareholder votes made by pension funds and some other money managers, saying top firms often "advance and prioritize radical politically-motivated agendas." Trump directed the Securities and Exchange Commission, the Federal Trade Commission and the Labor Department to review if Institutional Shareholder Services and Glass Lewis had violated rules or antitrust law related to their treatment of environmental and social issues. The executive order calls for a review of regulation relating to proxy advisers and to consider “revising or rescinding those rules, regulations, guidance, bulletins, and memoranda that are inconsistent with the purpose of this order, especially to the extent that they implicate ‘diversity, equity, and inclusion’ and ‘environmental, social, and governance’ policies.” The order also directs the agencies to consider steps such as new regulations.
Full Issue
Risk Channel
UK/Europe
OpenAI has issued a warning regarding its forthcoming artificial intelligence models, indicating they could present a "high" risk to cybersecurity as their capabilities evolve rapidly. The company noted that the models might not only develop zero-day exploits but could also assist in sophisticated intrusion operations aimed at significant effects. To mitigate these risks, OpenAI is investing in bolstering its cybersecurity measures and is creating an advisory group, the Frontier Risk Council, to collaborate with cybersecurity experts on these challenges.
Full Issue