The Competition and Markets Authority (CMA), Britain's antitrust regulator, has opened an inquiry into Microsoft's proposed $69 billion takeover of Activision Blizzard. The deal, which was previously blocked in April, is now under review again, with a final decision expected by August 29.
In a joint effort to enhance the strength and resilience of the banking system, federal bank regulatory agencies have issued a request for public comment on a proposed rule that aims to bolster capital requirements for large banks. The proposal seeks to modify capital requirements for these institutions, taking into account underlying risks and fostering consistency in risk measurement practices.
BNP Paribas (BNPP.PA), the largest bank in the eurozone, is on the verge of resolving a U.S. investigation into its employees' use of unapproved messaging platforms, according to its mid-year earnings report released on Thursday. The resolution may lead to the French bank facing a fine as part of the agreement.
The World Economic Forum (WEF) has released its inaugural Chief Risk Officers Outlook for July 2023, offering a comprehensive survey of global risks that have the potential to impact economic growth, destabilize global markets, and disrupt businesses in the coming six months. The report, based on responses from the WEF's community of chief risk officers, sheds light on key concerns that demand attention from risk practitioners and businesses worldwide.
Contributor Insight - At the recent GRC Summit in Sydney, Rachel Riley, co-founder and head of GRC/ESG at Ansarada, led a fascinating roundtable discussion titled "The imperative intersection of operational resilience and sustainability". The conversation provided rich insights into the role operational resilience plays in sustainability and the ways businesses can navigate the associated risks and opportunities.
Press Release - 6clicks, an AI-powered GRC platform for businesses and advisors, today announced the 6clicks Trust Portal to empower organizations to share their privacy profiles securely while maintaining the highest levels of privacy and security. By enabling businesses to share privacy, security and compliance information with clients, partners, and regulators in a granular and controlled manner, the Trust Portal establishes a new standard for building trust and transparency within the industry.
In an ongoing legal battle, Binance, the world's largest cryptocurrency exchange, along with its CEO Changpeng Zhao, has filed a motion to dismiss a complaint brought against them by the U.S. Commodity Futures Trading Commission (CFTC). The company made this announcement in a court filing on Thursday.