Risk & Resilience

Europe’s Financial Safety Net Holds Firm As Global Tensions & Market Volatility Build

Europe’s insurance sector remains broadly stable, but rising geopolitical tensions and market volatility are beginning to shape a more uncertain outlook, according to the latest risk dashboards from the European Insurance and Occupational Pensions Authority.

Italy Presses AI Firms to Put “Hallucination” Risks Front & Center

Italy’s antitrust authority has quietly drawn a line under three investigations into leading artificial intelligence providers, using the cases to tell users, clearly and upfront, when the technology might be wrong.

European Football Set for AML Overhaul as EU Targets Clubs & Agents

European football is heading toward one of its most significant regulatory shifts in decades, as the European Union prepares to bring professional clubs and agents into its anti-money laundering framework by July 2029. The move, driven by a sweeping reform package adopted in 2024, reflects growing concern among policymakers that the sport’s global scale, financial complexity, and opaque ownership structures make it vulnerable to illicit financial activity.

Treasury Warns Banks of Sanctions Risks Tied to China’s ‘Teapot’ Refineries & Iranian Oil Trade

The U.S. Department of the Treasury is cautioning financial institutions about growing sanctions exposure linked to China’s independent “teapot” oil refineries, underscoring their continued role in importing and refining Iranian crude.

Switzerland Advances Banking Act Reforms as FINMA Calls for Stronger Preventive Powers

Switzerland’s financial watchdog has thrown its support behind a fresh push to strengthen the country’s banking rules, while making clear that lawmakers should go further to close gaps exposed by past crises.

EU Supervisors Spotlight Digital Risk & Cyber Resilience as Financial System Evolves

The Joint Committee of the European Supervisory Authorities has laid out a year shaped by digital transformation, rising cyber threats, and growing scrutiny of sustainable finance, according to its newly published 2025 annual report. That shift is laid out in the latest annual report from the Joint Committee of the European Supervisory Authorities, which coordinates the work of the European Banking Authority, the European Insurance and Occupational Pensions Authority, and the European Securities and Markets Authority.

EBA Urges Rethink of Commission Amendments to Operational Risk Framework

The European Banking Authority has raised concerns over proposed changes by the European Commission to key technical standards governing how banks calculate operational risk, cautioning that parts of the revisions could undermine consistency and supervisory effectiveness across the EU.