Legal & Regulation
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EU and Canada sign disaster risk management partnership deal
The European Commission and Canada have agreed to enhance ties in civil protection and disaster risk management. During the recent…
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UK court rules human rights grounds for Niger Delta claims against Shell
Nigerian communities affected by polluted waters and land can proceed with human rights claims against oil and gas firm Shell…
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Dutch firm Rabobank fined €26.6m by EC for euro bond cartel
Dutch bank Rabobank has been fined €26.6m by the EC for participating in a cartel that fixed trading of euro-denominated…
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Auditors urge companies to do more to tackle ESG supply chain risk
Businesses should do more to tackle climate hazards running through supply chains, says the Chartered Institute of Internal Auditors (CIIA).…
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Sustainability Directive big opportunity for risk managers but will require more resource, says rapporteur
The Corporate Sustainability Due Diligence Directive (CSDDD) will enable risk managers to get the attention of boards but will cost…
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UK to follow French lead as government consults on new captive regime
The UK risk and insurance management community received good news from its government this week, which announced plans to deliver…
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Uncapped government backstop needed for ‘uninsurable’ cyber and climate risk: Geneva Association
Systemic and emerging risk is reaching the limits of insurability, in particular for climate and cyber threats, says a new…
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Interconnected regulations will raise product recall compliance risk across Europe, warns Sedgwick
Sedgwick warns that new interconnected European regulations coming down the track will complicate product recall risk and compliance. The company’s…
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European product recalls hit record high in Q3: Sedgwick
Product recalls across five key sectors in Europe hit their highest level in more than ten years during the third…
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Bayer ordered to pay $1.56bn after losing fourth Roundup case
German pharmaceutical firm Bayer has been ordered to pay $1.56bn in damages to four claimants following a trial in Missouri…
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EU promises jail time for D&Os of polluting companies
The European Parliament (EP) and Council negotiators have reached a provisional agreement on an update of EU environmental crimes and…
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SEC actions against public companies, subsidiaries up sharply
The US Securities and Exchange Commission filed 91 actions against public companies and subsidiaries in fiscal year 2023, a 34%…
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Italian risk managers must prepare for due diligence rules
Italy is lagging behind other leading European nations in the adoption of national laws to ensure that organisations are carrying…
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UK Court of Appeal rejects action against Shell directors
The UK Court of Appeal has refused to hear NGO ClientEarth’s historic lawsuit against Shell’s board of directors – the…
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UK fraud law increases corporate criminal liability
UK directors and senior managers are now subject to higher liability if they fail to prevent fraud under a new…
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EU agrees deal to reinforce supply of critical raw materials
Further pressure has been applied to Europe’s risk and insurance management community to keep on top of their supply chain…
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Third of GDPR fines against social media sites for child data breaches
Just over a quarter (26%) of GDPR fines against the largest social media platforms have been for failing to protect…
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EC cyber rules threaten ‘Covid-style’ supply chain delays
Major electronics firms in Europe have warned the European Commission that new cybersecurity rules threaten the flow of their supply…
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Drinks companies accused of greenwashing plastic bottle recycling claims in Europe
A European consumer group has filed a greenwashing complaint to European authorities against major soft drinks companies using plastic bottles…
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UK to regulate ESG ratings industry, reports
The UK government is planning to regulate the ESG ratings industry, according to the Financial Times. The newspaper said that…