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Recent Editions

Risk Channel
North America
The Securities and Exchange Commission (SEC) has seen a significant reduction in its workforce, losing 16% of its staff since last year, primarily due to early retirement offers from the Trump administration. The decline has left critical divisions, such as Trading and Markets, with staffing losses of up to 20%. Joel Seligman, a professor at Washington University School of Law, warned that "cuts to the size of the staff . . . can lead to significant gaps in the performance of the SEC in preventing fraud." Jessica Wachter, who was the SEC's chief economist before she stepped down earlier this year, said: "If something breaks in the markets, it makes a difficult matter much worse . . . It's important to keep sufficient levels of staffing so that critical knowledge concerning these functions doesn't get lost."
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Risk Channel
UK/Europe
A senior Tesla executive has cancelled her attendance at a conference in Rome over fears of protests surrounding the carmaker. Tesla cars, infrastructure and offices have recently become targets of vandalism in several countries, including Italy, in response to CEO Elon Musk's right-wing activism. "Given the recent protests and violence against Tesla, and now in Rome, I've been asked to hold my external presence and travel . . . I won't be able to attend," Samantha Harris, Tesla's Global Sustainability Lead, explained in an email to the European Institute of Innovation for Sustainability (EIIS). She had been due to speak at Regenerative Futures, a conference planned in Rome for May 16-17 by the EIIS.
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