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Recent Editions
Risk Channel
North America
Reuters reports on a growing industry of ex-military and national security advisors who are helping Wall Street firms identify imminent military action. Around 6 p.m. ET on the day before U.S.-Israeli air strikes killed Iran's Supreme Leader on Saturday February 28, for example, geopolitical risk consultancy WestExec Advisors advised clients that there was a 65% probability of military action that weekend, said its managing partner Nitin Chadda. "What you're really seeing from the financial industry is how national security and economic security have been merging over the last few years, and that is accelerating," observed Amy Mitchell, founding partner at geopolitical consultancy Kilo Alpha Strategies.
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Risk Channel
UK/Europe
The all-party parliamentary group on investment fraud and fairer financial services has highlighted a "revolving door" between banks and regulators as a key factor in ongoing financial scandals in the UK. The report, titled Why Our Financial Conduct Regulation Needs Reform, states that regulators are overly influenced by the sectors they oversee, sidelining consumer voices. MPs noted that past scandals, such as the mis-selling of payment protection insurance, indicate systemic issues. They recommend establishing a royal commission to clarify fairness in financial services and enhance accountability of regulators to consumers.
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