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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
AI study could help identify depression in CEOs

A study published earlier month in the Journal of Accounting Research which used artificial intelligence to analyze speech recordings of CEOs has helped to identify factors that could contribute to diagnosing mental health challenges among executives. Nargess Golshan, assistant professor of accounting at Indiana University and co-author of the study, said: “We want to really highlight mental health in leadership roles and how prevalent it is,” continuing: "Of course, it is important for the personal health of these executives, but also has far-reaching implications for the organization, the employees, the investors, and the broader economy.” Fortune notes that "Earnings calls are an optimal way to collect data because they feature long, uninterrupted periods of talking and usually aren’t confounded by visual communication cues like hand gestures." Among over 14,500 CEOs studied, more than 9,500 were classified as having depression using analysis from the machine learning model.

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Risk Channel
UK/Europe
BoE could set up 'concierge service'

The Bank of England is considering establishing a "concierge service" aimed at assisting foreign financial services companies looking to enter the UK market. Sam Woods, head of the Bank's Prudential Regulation Authority (PRA), indicated in a letter to the Prime Minister that it is exploring a proposal similar to Singapore's one-stop-shop model for overseas firms. While the PRA aims to support growth, Woods reminded that the regulator's primary goal remains the safety and soundness of banks and insurers. "Financial instability can lead to severe disruptions to the ability of households and businesses to make transactions, manage risks, and access credit, amplifying economic shocks and hindering growth," Woods wrote. Separately, the Chancellor has told the FT she welcomed proposals from the Financial Conduct Authority to loosen mortgage rules and was "absolutely open to looking at ideas that can boost home ownership."

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