Legal & Regulation
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Ferma lobbies EU council to prioritise cyber and sustainability risk transfer
Ferma has called on the Swedish presidency of the Council of the EU to focus on closing insurance protection gaps…
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New regs adding to supply chain woes
A surge of new regulations across the world in response to the supply chain crisis has placed greater accountability on…
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Action groups step up greenwashing efforts as directive hits EU parliament
Members of the ENVI Committee in the European Parliament have rejected a crucial amendment on carbon offsetting in the draft…
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SEC awards $28m to two whistleblowers and $101m since October
The US Securities and Exchange Commission (SEC) announced its second double-digit, multimillion-dollar whistleblower award within the past week on Tuesday…
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Swiss risk managers face up to new ESG reporting rules
Switzerland risk managers at firms regulated by the Swiss Financial Market Supervisory Authority (Finma) must get up to speed on…
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European business calls for ‘realism’ on due diligence proposal
A group of leading European business organisations including BusinessEurope, Ecoda and Insurance Europe have joined forces to tell the EU…
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Europe’s risk managers need to act as EU ramps up cyber resilience rules
Europe’s risk managers will need to become more involved in their organisations’ cyber security strategies as the EC steps up…
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Dutch risk managers warned to brace for more class actions in 2023
Risk managers in the Netherlands and their defence lawyers can expect more class actions brought against big firms in 2023…
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German firms warned to act on coming Cyber Resilience Act or risk ‘severe’ penalties
Germany-based IoT-Security provider ONEKEY has warned that the coming EU Cyber Resilience Regulation could lead to “millions” in fines for…
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GDPR fines more than double in 2022 to €2.9bn, says DLA Piper
Data protection fines levied by European regulators more than doubled in 2022 to €2.92bn from €1.09bn in the previous 12…
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Europe’s insurers back more unified cyber reporting but warn against new rules
The European insurance sector supports the convergence of cyber reporting requirements and the re-use of existing standards to deliver more…
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European financial firms call for further changes to sustainability reporting standards
European financial firms have called for changes to the European Sustainability Reporting Standards (ESRS), which they will have to apply…
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Proportionality needed in CSRD to manage burden for smaller insurers and captives: GDV
The German Insurance Association (GDV) has called on the EC to ensure the principle of proportionality is properly applied to…
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SEC awarding more than $5m to whistleblower
The US Securities and Exchange Commission (SEC) is awarding more than $5m to a whistleblower whose information led to a…
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Crypto crime hits record $20bn in 2022
The cost of cryptocurrency crime reached a new high of $20.1bn last year, according to estimates from Chainalysis, which said…
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PFAS litigation to gather momentum in Europe and worldwide
Perfluoroalkyl and polyfluoroalkyl substances (PFAS) litigation will continue to gather momentum this year with an increased focus on claims outside…
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European business calls on EC to diversify trade relations away from US, China and UK
BusinessEurope, the federation of European business associations, has called upon the EC to step up its efforts to create new…
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German court questions Greenpeace emissions case against VW
A legal case brought by Greenpeace against VW that challenges the car manufacturer’s carbon emissions has opened in Germany, with…
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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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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…