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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
Banking regulators tighten rulebook to address climate change and digitalization of finance

The Basel Committee on Banking Supervision, a global forum for banking regulators, has revised its rulebook to better address risks from climate change, the rise of non-banks, and digitalization of finance. The new standard emphasizes the responsibility of a bank's board in ensuring sustainability and introduces a new definition of climate-related financial risks. The committee will also issue new guidelines for banks on managing risks from clients and other counterparties. Regulators are focusing on the rapidly growing non-bank financial sector, calling for better data on risks and links to lenders. The committee will publish a report on the digitalization of finance and its implications for regulation. "The revised standard reflects changes to promote operational resilience, reinforce corporate governance and risk management practices, and address new and emerging risks," said the committee.

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Risk Channel
UK/Europe
UK banks face significant losses from nature-related risks, study says

UK banks may face significant losses due to nature-related risks such as water scarcity and pollution, according to a study by the Green Finance Institute. The study warns that failure to address these risks could result in a 5% decline in the value of UK bank portfolios and a broader 12% economic decline by 2030. Nicola Ranger, director for greening finance at the University of Oxford, stated that these risks are material to both the economy and the financial system. The UK, which is struggling with ecosystem degradation, is one of the most nature-depleted countries in the world, analysis suggests. The financial consequences of ignoring these risks could surpass those of the 2008 financial crisis and rival the economic setback caused by the Covid-19 pandemic, according to the study, which identifies agriculture, utilities and manufacturing as the sectors most exposed to nature-related risks in the UK.

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