Regulatory Arbitrage
AI
Markets
UK Financial Regulator Warns AI Poses Systemic Banking Risk
The FCA is developing statutory AI governance rules as policymakers race to establish guardrails before institutional exposure deepens, marking the first formal link between frontier AI deployment and financial stability.
Geopolitics
Macro
India’s Pharmaceutical Exports Fuel West Africa’s Opioid Crisis
Over 320 million synthetic opioid tablets flooded fragmented supply chains across Sierra Leone, Ghana, and Nigeria, exposing systemic failures in global drug governance and regulatory arbitrage at scale.