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Risk Channel helps you stay ahead of essential risk news shaping your profession. Every weekday, our unique blend of AI, risk experts and researchers monitor 100,000s of articles to share a summary of the most relevant and useful content to help you lead, innovate and grow.

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
Vanguard settles with Texas in key case on ESG investing

Fund manager Vanguard Group is to pay $29.5m to settle a lawsuit by 13 Republican state attorneys general who claimed the firm and rivals violated antitrust law through climate activism. Reuters notes that the suit in the U.S. District Court in the Eastern District of Texas has been closely watched as a test of how far Republicans from energy-producing states would push Wall Street firms they accused of overemphasizing environmental matters. Kansas Attorney General Kris Kobach, one of the plaintiffs, said Vanguard "agreed to strict passivity commitments" which prohibit the firm from dictating the strategy of companies in which it invests or to push shareholder proposals related to environmental or social concerns. Vanguard decided to settle the litigation to avoid the potential for tens of millions of dollars in legal fees and to get rid of the “distraction”, said sources.

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Risk Channel
UK/Europe
Fraud allegations sink UK mortgage provider

Barclays and US bank Jefferies are among lenders with multimillion-pound exposures following the collapse of Market Financial Solutions, a UK mortgage provider. The firm entered administration after a High Court judge highlighted "very serious" fraud allegations. Barclays reportedly has a £600m exposure, while Jefferies is linked to £100m. Market Financial Solutions cited unexpected banking issues for its insolvency, but allegations from lenders Amber Bridging and Zircon Bridging suggest serious financial irregularities, including claims of "double pledging" of loans. Chief judge Nicholas Briggs said: "The allegations of fraud are very serious."

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