UN lifts arms embargo on Somali forces

The United Nations headquarters building is seen from inside the General Assembly hall, on Sept. 21, 2021. (AP)
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Updated 02 December 2023
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UN lifts arms embargo on Somali forces

  • “The lifting of the arms embargo enables us to confront security threats, including those posed by Al-Shabab,” he said

UNITED NATIONS, United States: The UN Security Council on Friday completely lifted an arms embargo on Somali government forces, but continued to maintain sanctions against the Al-Shabab jihadist group.
The UN implemented a general arms embargo on Somalia in 1992, but has since largely eased it in regards to Somali forces.
The embargo did not apply to deliveries of weapons for the development of Somali security forces, although the UN committee overseeing the sanctions had to be notified and could object to certain heavy weapons.
A first resolution adopted unanimously Friday lifted the general embargo, removing the last restrictions on the Somali government.
A second resolution reimposed the arms embargo on Al-Shabab, maintaining the ban on delivery of weapons, ammunition and military equipment to the Islamist group and “other actors intent on undermining peace and security in Somalia.”
Somali ambassador Abukar Dahir Osman welcomed the moves.
“The lifting of the arms embargo enables us to confront security threats, including those posed by Al-Shabab,” he said.
“It also allows us to bolster the capacity of the Somali security forces by accessing lethal arms and equipment to adequately safeguard our citizens and our nation.”
After making significant progress, Somalia’s offensive against Al-Shabab has stalled for months, raising concerns about the government’s capacity to crush the 16-year insurgency led by the Al-Qaeda-linked militants.
The Somali army, in alliance with clan militias, has been supported by troops from the African Union Transition Mission in Somalia (ATMIS) in recapturing vast areas of the territory.
UN resolutions call for the ATMIS force to be reduced to zero by the end of next year, handing over security to the Somali army and police.
However, the government requested in September a three-month “technical pause” in the pullout of 3,000 troops.
The drawdown of those troops “will conclude as scheduled on December 31 of 2023,” the Somali envoy said, adding that the government was committed to the country’s forces taking over security responsibilities “within the agreed timelines.”
 

 


Britain needs ‘AI stress tests’ for financial services, lawmakers say

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Britain needs ‘AI stress tests’ for financial services, lawmakers say

  • Lawmakers urge AI-specific stress tests for financial firms

LONDON: Britain’s financial watchdogs are not doing enough to stop artificial ​intelligence from harming consumers or destabilising markets, a cross-party group of lawmakers said on Tuesday, urging regulators to move away from what it called a “wait and see” approach.
In a report on AI in financial services, the Treasury Committee said the Financial Conduct Authority and the Bank of England should start running AI-specific stress tests to help firms prepare for market shocks triggered by automated systems.
The committee also called on the FCA to ‌publish detailed guidance ‌by the end of 2026 on how ‌consumer ⁠protection ​rules apply to ‌AI, and on the extent to which senior managers should be expected to understand the systems they oversee.
“Based on the evidence I’ve seen, I do not feel confident that our financial system is prepared if there was a major AI-related incident and that is worrying,” committee chair Meg Hillier said in a statement.

TECHNOLOGY CARRIES ‘SIGNIFICANT RISKS’

A race among banks to adopt agentic AI, which ⁠unlike generative AI can make decisions and take autonomous action, runs new risks for retail customers, the ‌FCA told Reuters late last year.
About three-quarters ‍of UK financial firms now use ‍AI. Companies are deploying the technology across core functions, from processing insurance claims ‍to performing credit assessments.
While the report acknowledged the benefits of AI, it warned the technology also carried “significant risks” including opaque credit decisions, the potential exclusion of vulnerable consumers through algorithmic tailoring, fraud, and the spread of unregulated financial advice through AI chatbots.
Experts ​contributing to the report also highlighted threats to financial stability, pointing to the reliance on a small group of US tech ⁠giants for AI and cloud services. Some also noted that AI-driven trading systems may amplify herding behavior in markets, risking a financial crisis in a worst-case scenario.
An FCA spokesperson said the regulator welcomed the focus on AI and would review the report. The regulator has previously indicated it does not favor AI-specific rules due to the pace of technological change.
The BoE did not respond to a request for comment.
Hillier told Reuters that increasingly sophisticated forms of generative AI were influencing financial decisions. “If something has gone wrong in the system, that could have a very big impact on the consumer,” she said.
Separately, Britain’s finance ‌ministry appointed Starling Bank CIO Harriet Rees and Lloyds Banking Group ‘s Rohit Dhawan as “AI Champions” to help steer AI adoption in financial services.