Preventing failure by strengthening risk management program requirements

Unfortunately, risk management programs usually make news only when they fail. For example, a bank takes on too much risky debt and/or uninsured deposits. The bank’s risk management program fails to stop the buildup of unsustainable risks. The bank’s regulator intervenes only when it’s too late, shutting down the bank and forcing the sale of its assets and liabilities.

Commodity Futures Trading Commission takes stand against election betting

MINNEAPOLIS—On September 22, the Commodity Futures Trading Commission’s (CFTC) made the broad determination to protect the public interest and the integrity of United States elections by prohibiting KalshiEX, LLC’s self-certified event contract based on the political party control of each chamber of the U.S. Congress.