Strong corporate governance and regulatory compliance prevent financial misstatements, fraud, and unethical reporting. This study examines board oversight, audits, and internal controls under SOX and IFRS. Ethical leadership, risk management, and enforcement deter misconduct. Case studies highlight best practices for financial integrity, emphasizing governance’s role in corporate sustainability.
The EU's AI Act is a pioneering, risk-based law designed to regulate AI. It balances promoting AI adoption with protecting fundamental rights and democratic values. The Act uses pre-emptive risk assessments to categorize AI technologies and apply corresponding legal requirements, drawing from existing EU product safety laws.
• Le dérèglement climatique rejoint les cyberattaques sur la première marche du podium des risques ;
• Les risques politiques et sociaux sont en forte hausse ;
• L’intelligence artificielle générative suscite une méfiance nouvelle ;
• De manière générale, l’environnement est encore plus risqué en 2025 qu’il ne l’était en 2024 ;
• Les inégalités et tensions sociales inquiètent les assureurs pour la société française.
Learning from industry cybersecurity breaches boosts firm growth and performance. Firms adapt CEO pay to manage risk and invest in sales, seizing opportunities. This shows learning from rivals' misfortune is valuable, highlighting the strategic importance of competitor learning.
This paper examines the interplay of the AI Act and GDPR regarding explainable AI, focusing on individual safeguards. It outlines rules, compares explanations under both, and reviews EU frameworks. The paper argues that current laws are insufficient, necessitating broader, sector-specific regulations for explainable AI.
This study examines climate change's impact on water-related home insurance claims in Norway using a unique dataset. It develops a statistical model to address claim data challenges, reveals geographical and seasonal risk patterns, and evaluates pricing strategies. The findings provide insights for insurers to adapt to evolving climate risks.
Despite tech advances, human errors fuel cybersecurity breaches, with 2023 data breach costs averaging $9.48 million. Ineffective education and policies fail to curb threats. This paper, citing executive interviews and research, urges balanced communication to warn users and boost their cybersecurity confidence without causing excessive fear.
This paper, in Spanish, criticizes the Basel Committee's proposal to replace the Advanced Measurement Approach (AMA) for operational risk capital with the Standardized Measurement Approach (SMA). SMA is argued to be flawed due to instability, insensitivity to risk, and potential for systemic risk. The paper advocates for maintaining the AMA framework and proposes standardized recommendations for internal operational risk modeling.
“In this report we look at the steps taken by banks and insurers since 2021 to respond to the impacts of climate change, and we set out how our regulatory work has evolved in that period. We also look ahead to the planned release, later in 2025, of a consultation paper seeking views on an update to our supervisory statement (SS) 3/19.”
This UK National Audit Office report reveals the UK is far behind its 2025 cybersecurity goals. Significant IT system vulnerabilities, high vacancy rates in cyber roles, and recent attacks on public bodies highlight the urgent need for a cross-government plan, legacy system upgrades, and improved cyber skills. Meeting targets by 2030 is considered ambitious.