Legal & Regulation
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Dutch insurers reject need for deforestation regulation at EU level
The Dutch Insurance Association (VVN) has said the EC’s recently announced proposals for a regulation to effectively ban products that…
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TikTok faces potential £27m fine for child data breaches
Social media platform TikTok has been warned that it faces a regulatory fine of £27m in the UK for failing…
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Boeing pays $200m after being charged with misleading investors on 737 MAX safety
Aircraft firm Boeing and former CEO Dennis Muilenburg have been charged with misleading investors about the safety of its 737…
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Clyde & Co launches global cyber risk network to boost resilience
Law firm Clyde & Co has launched a new cyber risk service for clients to boost their response to cyberattacks.…
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Danske Bank fined €1.82m for anti-money laundering breaches
Danske Bank’s regulatory troubles have been exacerbated after it was fined €1.82bn by the Irish central bank over its anti-money…
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EU member states rapped for failing to implement transparent and predictable working conditions
A total of 19 member states have failed to transpose the EU Directive on Transparent and Predictable Working Conditions, and…
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Greenpeace sues EU over gas and nuclear ‘greenwashing’
Greenpeace is taking legal action against the European Union (EU) for alleged greenwashing after the bloc included fossil gas and…
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EU drafts emergency powers to ease future supply chain crises
European legislators have drafted new rules that would force companies to concentrate their resources in Europe during times of supply…
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Ferma says insurers not doing enough to help clients through energy transition
Ferma has said there is a lack of risk transfer capacity to support the transition to carbon neutrality and urged…
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EC moves to ban all forced labour products from EU market
The European Commission (EC) has proposed new rules to ban all products made by forced labour from the European market.…
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Europe’s risk managers face new liability risk as rules on deforestation in supply chain move forward
Europe’s risk managers are faced with another proposal at EU level that further raises the exposure of multinationals to liability…
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Google sued by EEA and UK publishers for €25bn after anti-competitive advertising
European and UK publishers have mounted fresh legal action against Google, seeking damages, reportedly up to €25bn, for anti-competitive practices…
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Insurance Europe calls for supervision of third-party litigators under collective redress directive
The European parliament plenary session has adopted German MEP Axel Voss’s own initiative legislative report that aims to ensure responsible…
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Amrae welcomes bill that approves ransomware payments by French insurers
Amrae has welcomed a forthcoming bill to explicitly legalise ransomware payments by insurers in France as long as insureds have…
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EU to bring in cybersecurity rules for smart-device manufacturers
New EU rules due to be published tomorrow will require smart devices connected to the internet to comply with cybersecurity…
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Wells Fargo ordered to pay more than $22m to fired whistleblower
The US Department of Labor’s Occupational Safety and Health Administration (OSHA) has ordered Wells Fargo to pay more than $22m…
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Ferma urges OECD to exclude captives from BEPS tax guidelines
Ferma has urged the Organisation for Economic Co-operation and Development (OECD) to amend its coming technical guidelines designed to tackle…
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Product safety regulations ripple out from green transition, says Sedgwick in recall update
Europe’s transition to greener industries is having a “ripple effect” on product regulation and safety, with manufacturers facing tighter rules…
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Financial services face mounting compliance risk as they battle to keep pace with regulation
Three quarters of global financial services firms expect regulatory activity to increase further in the next year but most don’t…
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European business body says proposed Corporate Sustainability Directive will not work
BusinessEurope, the group that represents 40 EU-based national industry and employer associations, believes the EU’s current draft Directive on Corporate…
