CRE Legal Regulation
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January 10, 2023
Regulators to stamp down further on greenwashing in 2023, warns Clyde
Clyde & Co expects regulators to take a tougher stance on greenwashing this year as stricter regulations come into force.…
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January 10, 2023
UK banks face billions of damages from class actions
The UK’s leading banks are facing at least 109 class and group action lawsuits across different jurisdictions, which could potentially…
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January 9, 2023
Danone to face French court over plastic ‘megapollution’
Three environmental groups are filing a lawsuit against Paris-based multinational food-products corporation Danone over its global plastic pollution under the…
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January 6, 2023
Danske Bank settles AML probe for $2bn as SEC finds ‘inadequate’ risk management
Denmark’s largest bank Danske Bank has agreed to pay more than $2bn to settle US regulatory investigations into money laundering…
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January 5, 2023
Meta fined €390m for Facebook and Instagram GDPR breaches
Meta has been fined a total of €390m for two breaches of Europe’s GDPR and given an order to comply…
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January 5, 2023
GDPR fines down in 2022 but Meta on hook for 81% of penalties
Fines levied against companies in breach of Europe’s data protection laws totalled €832m in 2022, down from €1.3bn in 2021,…
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January 5, 2023
Number of FCA fines jumped 150% last year
The number of fines issues by the Financial Conduct Authority (FCA) jumped to 25 last year from ten in 2021,…
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January 3, 2023
New captive rules get approval in France as AMRAE gears up for conference
Captives will again be high on the agenda at the annual AMRAE meeting of French risk and insurance managers in…
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December 22, 2022
UK firms face double burden of data protection rules post Brexit, warns Clyde & Co
There remains uncertainty about how far the UK government will go in distancing itself from the EU’s GDPR, but law…
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December 22, 2022
AM Best upgrades Covéa to A+ after PartnerRe buy
AM Best has upgraded the financial strength rating for French mutual Covéa to A+ following its acquisition of PartnerRe in…
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December 22, 2022
Time to get back on the front foot
This has been quite a year for the European and global risk and insurance management community, and I am sure…
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December 21, 2022
Finland adopts whistleblowing law and Germany likely to follow
The European Commission’s infringement proceedings brought against more than half of member states for failing to implement its Whistleblowing Directive…
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December 21, 2022
Pool Re welcomes UK government plans for anti-terror security law in 2023
UK terrorism reinsurer Pool Re said it will help businesses prepare for the introduction of new legislation under the Protect…
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December 20, 2022
CISOs must face up to ‘daunting challenges’ in 2023, warns cyber expert
Chief information security officers (CISOs) will face “daunting challenges” next year amidst global economic uncertainty and comprehensive new cybersecurity legislation…
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December 20, 2022
EC accuses Meta of abusing market position in breach of antitrust rules
The EC has informed Meta, the owner of Facebook, Instagram and WhatsApp, of its preliminary view that the company breached…
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December 20, 2022
TSB fined £48.65m for risk management failings that led to IT problems
TSB Bank has been fined £48.65m by UK regulators for operational risk management and governance failures that resulted in serious…
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December 19, 2022
Zurich keeping ‘close eye’ on potential US-style social inflation in Europe
Zurich is keeping a “close eye” on the litigation landscape in Europe as we head towards the introduction of the…
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December 19, 2022
UK commits to anti-terror security law for public places
New anti-terrorist legislation that will require venues and local authorities to assess and mitigate terrorism risk will be published by…
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December 19, 2022
ECJ GDPR rulings could open cyber litigation ‘floodgates’ as more companies turn to cell captives, predicts Clyde
Clyde & Co believes 2023 will be a decisive year for data breach litigation in the EU, and decisions by…
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December 19, 2022
Buyer-side Fenchurch Law bolsters disputes team
Buyer-side representative Fenchurch Law has expanded its insurance disputes team with three new hires. The UK firm, which works exclusively…