CRE Legal Regulation
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September 21, 2023
EU supervisors stress need for risk management focus
The European Insurance and Occupational Pensions Authority (Eiopa), the European Banking Authority (EBA) and the European Securities and Markets Authority…
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September 21, 2023
Eiopa launches SME cyber survey
The European Insurance and Occupational Pensions Authority (Eiopa) has launched a survey on SMEs’ access to cyber insurance. The authority…
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September 20, 2023
UK urged not to dilute corporate governance code
The UK has been urged by by the Chartered Governance Institute of UK and Ireland not to water down current…
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September 20, 2023
Airmic ‘encouraged’ by discussions over new UK captive regime
Risk and insurance management association Airmic said it is encouraged by discussions between the London Market Group (LMG), government and…
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September 19, 2023
European Parliament adopts position on critical raw materials
The European Parliament has adopted its position on boosting the supply of strategic raw materials, which it says is crucial…
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September 18, 2023
Treasury holds roundtable to consider UK captive proposals
Proposals to create UK captive legislation are moving forward with a meeting between industry representatives and HM Treasury, the London…
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September 18, 2023
TikTok fined €345m for child data GDPR breaches
Social media platform TikTok has been fined €345m for a series of European data protection rule breaches after Europe’s regulators…
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September 14, 2023
Insurance industry urges EU to reduce ‘excessive’ reporting requirements
The European insurance industry has put pressure on the EC to follow through with plans to reduce the sector’s reporting…
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September 12, 2023
Europol reports rapid rise in digital crime
Almost 70% of criminal networks operating in the EU make use of one form of money laundering or another to…
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September 12, 2023
Eiopa hints again at lighter treatment for captives under SII review
Petra Hielkema, chair of the European insurance and Occupational Pensions Authority (Eiopa), gave further evidence that captives and other smaller…
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September 9, 2023
UK Covid BI litigation heads for showdown as insurers drag their heels
The outcome of UK Covid-related business interruption (BI) claims hangs in the balance as crucial cases head to higher courts…
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August 17, 2023
S&P upgrades outlook for Munich and Swiss Re on back of hardening market and better primary results
S&P has upgraded its ratings outlook for Munich Re and Swiss Re on the back of improving performance buoyed by…
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August 16, 2023
Airmic interested in a UK captive regime but not under Solvency II
Airmic has told Commercial Risk Europe that it supports moves to introduce an onshore captive regime in the UK but…
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August 16, 2023
UBS settles financial crisis mortgage fraud probe for $1.44bn
Swiss bank UBS has agreed to pay $1.44bn in civil penalties to settle fraud claims over the sale of mortgage-backed…
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August 14, 2023
Zurich sued over Greensill Bank policies
Administrators for Greensill Bank, the German banking subsidiary of collapsed supply chain finance firm Greensill Capital, have filed a lawsuit…
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August 8, 2023
Ericsson shareholders sue for $170m-$300m over Iraq scandal: reports
Thirty-seven Ericsson shareholders are reportedly suing the Swedish telecoms firm for between $170m and $300m for allegedly failing to disclose…
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August 7, 2023
Under 10% of cyber claims relate to GDPR
The implementation of the EU’s General Data Protection Regulation (GDPR) has not led to a wave of data breach insurance…
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July 28, 2023
Europe’s financial institutions run high third-party cyber risk ahead of DORA rules
More than three-quarters (78%) of financial institutions in the European Union experienced a third-party data breach over the past 12…
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July 28, 2023
Microsoft faces Teams EC competition investigation
The European Commission has opened a formal investigation to assess whether Microsoft may have breached EU competition rules by tying…
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July 27, 2023
EC adopts list of essential services for Critical Entities Resilience Directive
The EC has adopted a list of essential services in the eleven sectors covered by the Critical Entities Resilience Directive (CER) which entered…