CRE Legal Regulation
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March 15, 2024
German insurers question ‘high risk’ insurance under AI Act
The German insurance association (GDV) has reiterated its criticism of the decision to include life and health insurance within the…
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March 14, 2024
EU Parliament approves AI act
The European Parliament has approved the Artificial Intelligence Act, the world’s first binding law aimed at reducing AI risks. The…
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March 14, 2024
Supply chain pressure rises as EU Forced Labour Regulation agreed
EU members states have agreed the Forced Labour Regulation that prohibits products made with forced labour from the EU, so…
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March 13, 2024
Nord Stream sues pipeline insurers for $403m over 2022 explosion
The operator of the Nord Stream gas pipeline is suing its insurers for more than €403m in the UK’s High…
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March 13, 2024
AI regulation to shake up liability insurance
Developments in artificial intelligence (AI) and related regulation will require an overhaul of liability insurance policies and the creation of…
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March 12, 2024
Parliament committee attacks UK government’s ‘shambolic’ cyber strategy
Only days after the former head of the UK’s National Cyber Security Centre (NCSC) called on his country to criminalise…
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March 12, 2024
Revamped UK internal audit code expands to cover more risks and corporate culture
Proposed changes to a code of practice for internal audit in the UK promises to “raise the bar” for the…
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March 11, 2024
Anra pushing for captive regime in Italy
Italian risk management association Anra has told Commercial Risk Europe that it is hopeful a new captive-specific regime will become…
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March 8, 2024
UK seeks 15-year director ban against Lex Greensill
Lex Greensill, the Australian founder of failed supply chain finance firm Greensill Capital, has been served disqualification proceedings seeking to…
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March 8, 2024
Former UK cyber chief calls for ransomware ban
The former head of the UK’s National Cyber Security Centre (NCSC) has called on his government to pass legislation that…
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March 8, 2024
Compulsory cat cover back on agenda for German state ministers
The German Conference of Federal State Prime Ministers, the committee formed by the 16 German states to coordinate policy, has…
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March 7, 2024
Supply chain emissions data a ‘mammoth’ task for risk managers, says Airmic
Risk managers face a “mammoth” task identifying carbon emissions in their supply chain, according to UK risk management association Airmic,…
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March 7, 2024
ECB cyber stress test will provide much-needed resilience boost, says S&P
The results of cyber stress tests underway at Europe’s banks will shape the regulatory agenda as the European Central Bank…
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March 7, 2024
New EU payment deadlines will weaken Europe, claim German insurers
The German Insurance Association (GDV) has warned that the EU’s planned payments regulation, which would introduce mandatory payments within 30…
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March 7, 2024
SEC adopts compromised climate-related disclosures
The US Securities and Exchange Commission (SEC) has adopted rules to enhance and standardise climate-related disclosures by public companies and…
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March 6, 2024
EU strikes deal on cybersecurity package
The European Council presidency and European Parliament’s negotiators have reached a provisional agreement on the so-called ‘cyber solidarity act’, as…
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March 6, 2024
EU acts to break the forced labour business model
The EU may have ditched the Corporate Sustainability Due Diligence Directive (CSDDD) for the time being but opponents of strict…
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March 4, 2024
Italy’s Enel Energia fined record-high €79m for data breaches
Italy’s regulator has fined energy firm Enel Energia €79m for failing to protect the personal data of its electricity and…
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March 4, 2024
MEPs pass beefed-up environmental crimes directive
Members of the European Parliament (MEPs) have adopted and extended the list of offences and sanctions in the Environmental Crimes…
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February 29, 2024
Ferma says CSDDD rejection provides time to address ‘shortcomings’
The Federation of European Risk Management Associations (Ferma) has told Commercial Risk that news that the Corporate Sustainability Due Diligence…