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Recent Editions
Risk Channel
North America
Securities and Exchange Commission chair Paul Atkins has said federal regulators should take a back seat to states in policing executive conduct. Atkins told a conference in Miami, in comments posted on the SEC’s website: “we are focused on ensuring that states, and not the SEC, regulate matters of corporate governance . . . Over time, the agency has used its disclosure authority to attempt to indirectly establish governance standards that state corporate law should and can address. We must stay in our lane as a disclosure agency and not be a merit regulator.”
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Risk Channel
UK/Europe
The IMF warns that rising defence spending amid escalating geopolitical tensions risks widening fiscal deficits and increasing global debt, despite providing a short-term boost to economic activity. Analysis of over 160 countries shows defence spending booms are largely financed through borrowing, with wartime surges particularly costly - raising public debt by around 14 percentage points of GDP while reducing real social spending. With global debt already at a record $348tn and countries ramping up military budgets in response to conflicts such as the Iran war, the IMF cautions that policymakers face growing trade-offs between security priorities and long-term fiscal sustainability.
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