Legal & Regulation
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UK financial services D&Os handed almost £200m in fines since 2020
Financial services director and officers (D&O) in the UK have been hit with more than £196m in large regulatory fines…
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UK subsidiaries and foreign banks urged to close cyber regulatory gap
Subsidiaries of UK banks and branches of non-UK headquartered banks must boost cyber risk management to close the gap between…
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J&J and distributors settle opioid action for $26bn
Four US pharmaceutical companies have agreed a $26bn payment to settle almost 4,000 claims that they have driven an opioid…
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Captive growth in France set to take off if government backs new rules
As they feel the bite of the hard insurance market, French companies have moved decisively towards setting up captives to…
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German insurers and business seek flexibility on international data transfer
The German insurance association (GDV) has stepped up its call for flexibility from regulators on the hot topic of international…
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Supreme Court decision could pave way for more mass action lawsuits in UK
Simon Fawell, a partner in Dechert’s London office, explains how two upcoming data privacy cases could pave the way for…
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End of lockdown drives up transport terrorism risk
The potential for larger passenger numbers on public transport as lockdown restrictions ease could raise the potential for terrorist attacks,…
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Italy to roll out national cybersecurity programme in June
Cybersecurity in Italy has been making big strides forward and the month of June will mark a milestone. The first…
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Travel risk centre stage as Anra helps develop new ISO standard
The Covid-19 outbreak has brought into the limelight the issue of business travel risks, a subject that was previously under…
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Italian risk managers focus on changes to global trade terms
Risk and insurance managers need to take a close look at recent changes to Incoterms, the international commercial trade terms…
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Financial services firms face ‘heightened risks’, warns AGCS
Financial services firms and their directors are juggling a large number of major new and emerging risks that are coming…
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FCA data breach figures mask growth of cyberattacks, says Kroll
The number of data breaches reported to UK regulator the Financial Conduct Authority (FCA) fell 30% in 2020, but Kroll…
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Zurich warns UK corporates to expect challenges over work-related stress rules
Zurich Insurance has warned that it is only matter of time before legal precedent over work-related stress in the UK…
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UK warehouses at greater risk of fire from e-commerce boom warns insurer
Zurich has called for the wider use of sprinklers in UK warehouses describing the current government requirements as “inadequate” and…
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Cyber, data and regulation top three global risks for D&Os, survey finds
Cyberattack, data loss, regulation, health and safety and employment claims are the top five risks facing global directors and officers…
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UK regulator says ‘insidious’ behaviours ‘still racism’ as it considers new diversity rules
UK regulator the Financial Conduct Authority (FCA) wants firms to improve inclusion and opportunities for black employees at all levels…
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Ferma backs EC’s proposed sustainability reporting directive but has concerns over scope
Ferma has backed the EC’s newly proposed Corporate Sustainability Reporting Directive (CSRD), but delivered a “mixed” response to some of…
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Captive-based insurance solution launched to unlock US cannabis market
The US National Cannabis Risk Management Association (NCRMA) has launched a new insurance solution for members, through a captive endorsed…
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Vaccines raise complex risks and liabilities for corporates
Vaccines are likely to facilitate a return to work and business travel, but they also present complex and uncertain risks…
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Brexit has already pushed over 440 financial services firms to Europe
More than 440 UK banking and finance firms have relocated part of their business, moved staff or set up new…