Regulatory change and emerging risk top compliance concerns

Compliance functions and risk managers said that their top strategic priorities over the coming 18 months are keeping abreast of regulatory changes and mitigating emerging risk, according to Thomson Reuters.

Half of respondents to the survey underpinning the Read more

Cyber risk tops threats to financial system

Cyber risk is the leading systemic risk for the financial sector, according to the most recent report by the Bank of England. And while only 38 per cent said a high-impact event was likely in the short term Read more

UK recession threat increases need for flexibility

It is increasingly likely that the UK economy could move into recession in the last quarter of 2023, according to analysts.

The UK’s private sector output dropped in September for the second month running, according to a well-tracked Read more

Cars are the worst product category for breaching data privacy

Modern cars are a “privacy nightmare” and have questionable security practices, according to a report by the tech company Mozilla.

While cars have increasingly been described as “computers on wheels” because of their advanced technological capabilities, the report Read more

SME’s “overwhelmed” by daily grind for ESG preparations

Smaller businesses are too overwhelmed by coping with day-to-day business demands to focus on sustainability issues, the UK accountancy body ICAEW said

Research by the organisation showed that net zero, for instance, had “massively dropped down the priority Read more

Climate litigation on the rise

Climate-related litigation is becoming a major source of risk as cases against businesses continue to rise, according to Frank Elderson, a member of the executive board of the European Central Bank (ECB).

Speaking at the ECB’s legal conference in Read more

Generative AI considered an emerging risk

Enterprise risk executives said that generative AI – such as ChatGPT and Google Bard – were a top concern, according to a recent survey by the analyst Gartner.

“Generative AI was the second most-frequently named risk in our Read more

New pandemic risk a reality

Another pandemic and disrupted energy supplies ranked as two of the most significant risks to the UK in the government’s 2023 National Risk Register. The document declassifies some risks for the first time.

The report said that there Read more