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Recent Editions
Risk Channel
North America
The first legally binding international AI treaty, known as the AI Convention, has been signed by countries including European Union members, the United States, and Britain. The treaty, which has been in development for years, aims to address the risks associated with AI while promoting responsible innovation. Shabana Mahmood, Britain's justice minister, said: "This Convention is a major step to ensuring that these new technologies can be harnessed without eroding our oldest values, like human rights and the rule of law." The AI Convention focuses on protecting the human rights of individuals affected by AI systems and is distinct from the EU AI Act, which regulates AI within the EU internal market. The Council of Europe, an international organization with 47 member countries, initiated the framework for this treaty in 2019.
Full Issue
Risk Channel
UK/Europe
Rob Lucas, chief executive of CVC Capital, has cautioned that tax increases on wealth could lead to a significant departure of financiers from London. He said: "The international finance world is an incredibly dynamic world. People are moving all the time," highlighting the potential impact of tax changes on the decisions of non-British partners and staff. The Chancellor is considering adjustments to capital gains taxes and a crackdown on carried interest, which is currently taxed between 18% and 28%. Despite these concerns, Lucas believes that changes to carried interest will not significantly affect CVC's operations. Fred Watt, CVC's chief financial officer, expressed confidence that the government will ensure the UK remains competitive in attracting investment.
Full Issue
Read the latest Risk highlights
New Broom at S.E.C
In the closing days of the 1960s, a boy walks quickly along the sidewalk as he follows his father striding purposefully in and out of the smoky roadside bars and diners of Baltimore. His father enters an establishment, a tired neon light flashing, and exchanges words with the bar-tender as the boy hops up onto a stool. It is a well-rehearsed routine....
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Here Comes The Bribe
How robust are the anti-bribery strategies in your organisation? Do you have any? Bribery is not a phenomenon limited to multinationals operating in some of the more obscure, less-regulated areas of the world.
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Whistle Test Is Coming
The demands for “whistle blowing” employees to be given more protection are growing. The following stories selected from the daily news newsletter highlight this trend
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CEOs Fret Over Lost Remote Control
“Over recent weeks as politicians signal that societies now need to live with Covid-19 and have announced the lifting of distancing restrictions some high-profile CEOs have publicly called for their workforces to re-embrace the office as the Covid pandemic threat recedes
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ESG Is Not Another Name For CSR
Back in the distant 1980s if you wanted to demonstrate your environmental and ethical credentials it was sufficient to shop at or purchase shares in retailer The Body Shop.
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