"Rather than making sense of diverse and possibly conflicting definitions of risks, companies and regulators should put forward joint benchmarks, and include civil society experts in the process.

Speaking of benchmarks: There is a critical lack of standardized processes, assessment methodologies and reporting templates. Most assessment reports contain very little information on how the actual assessments are carried out, and the auditors’ reports distinguish themselves through an almost complete lack of insight into the auditing process itself. This information is crucial, but it is near impossible to adequately scrutinize the reports themselves without understanding whether auditors were provided the necessary information, whether they ran into any roadblocks looking at specific issues, and how evidence was produced and documented. And without methodologies that are applicable across the board it will remain very challenging, if not impossible, to compare approaches taken by different companies.

The TikTok example shows that the risk and audit reports do not contain the “smoking gun” some might have hoped for. Besides the shortcomings explained above, this is due to the inherent limitations of the DSA itself. Although the DSA attempts to take a holistic approach to complex societal risks that cut across different but interconnected challenges, its reporting system is forced to only consider the obligations put forward by the DSA itself. Any legal assessment framework will struggle to capture complex societal challenges like the integrity of elections or public safety. In addition, phenomena as complex as electoral processes and civic discourse are shaped by a range of different legal instruments, including European rules on political ads, data protection, cybersecurity and media pluralism, not to mention countless national laws."

https://www.eff.org/deeplinks/2025/01/systemic-risk-reporting-system-crisis

#EU #DSA #SystemicRisks #BigTech #TechRegulation

#EU #Censorship #ContentModeration #DSA #HumanRights #SystemicRisks: "EFF, Access Now, and Article 19 have written to EU Commissioner for Internal Market Thierry Breton calling on him to clarify his understanding of “systemic risks” under the Digital Services Act, and to set a high standard for the protection of fundamental rights, including freedom of expression and of information. The letter was in response to Breton’s own letter addressed to X, in which he urged the platform to take action to ensure compliance with the DSA in the context of far-right riots in the UK as well as the conversation between US presidential candidate Donald Trump and X CEO Elon Musk, which was scheduled to be, and was in fact, live-streamed hours after his letter was posted on X.

Clarification is necessary because Breton’s letter otherwise reads as a serious overreach of EU authority, and transforms the systemic risks-based approach into a generalized tool for censoring disfavored speech around the world. By specifically referencing the streaming event between Trump and Musk on X, Breton’s letter undermines one of the core principles of the DSA: to ensure fundamental rights protections, including freedom of expression and of information, a principle noted in Breton’s letter itself."

https://www.eff.org/deeplinks/2024/08/eff-and-partners-breton-uphold-fundamental-rights-enforcing-dsa

#publication : Can a Single Line of Code Change Society? The Systemic Risks of Optimizing Engagement in Recommender Systems on Global Information Flow, Opinion Dynamics and Social Structures

We demonstrate that engagement-maximizing algorithms necessarily lead to increased network toxicity and fragmentation of opinion space.

Everything is calibrated on real data from the #Politoscope

#systemicrisks #DSA #opiniondynamics #twitter #polarization #RecommenderSystems

https://www.jasss.org/27/1/9.html

New Sebi Rule from Today: A Ban That's a Boon in Many Ways. Read more at https://www.mindvoice.live/new-sebi-rule-from-today-a-ban-thats-a-boon-in-many-ways/

#Sebi #StockBrokers #ClearingMembers #BankGuarantees #Investors #SystemicRisks #Accountability #Transparency #WorkingCapital #SegregatedMarginReporting #Collaterals #ReserveBankOfIndia #Tradeplus #Compliance #Circular #Regulations #MarketRisk #ClientFunds #RiskExposure

Our new article highlights the urgency of adopting intersectoral approaches to better understand and address the systemic risks that will combine in a context of socio-environmental and climate disruption.
Publish in Disaster Prevention and Management; Open access : https://www.emerald.com/insight/content/doi/10.1108/DPM-09-2022-0190/full/html

#SystemicRisks #PsychoSocialImpacts #Disaster #Intersectorality