Legal & Regulation
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Risk managers face sharp focus on supply chain ethics in the US
Leading US law firms are expecting supply chain ethics to be a big issue for risk managers this year, with…
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UK bars four EU financial services firms under post-Brexit regime
Four European financial services firms have been barred from conducting business in the UK, after its regulator said they failed…
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Board directors rate regulatory probes as greatest personal risk
An overwhelming majority of board directors (84%) said a regulatory investigation is the biggest personal liability they face, according to…
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Credit Suisse chairman resigns after Covid-19 quarantine breaches
Credit Suisse has appointed a new chairman after António Horta-Osório resigned the post because he reportedly breached Covid-19 travel quarantine…
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Facebook faces £2.3bn anti-competition class action in UK
A new class action lawsuit is seeking £2.3bn in damages from Facebook and its parent company Meta on behalf of…
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German business federation calls for state action in face of fast-rising risks
Germany’s Federal Association of Wholesale, Foreign Trade, Services (BGA) has warned that while recent trade figures show a positive trend in…
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Ferma pushes for further progress on captives in Solvency II review
Ferma has welcomed proposed changes to Solvency II that would strengthen the concept of proportionality, and in particular the creation…
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Austrian regulator says use of Google Analytics violates GDPR
The Austrian Data Protection Authority (Datenschutzbehörde or DSB) has decided in a model case brought by activist legal group noyb (My…
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Corporates warned of likely rise in biodiversity litigation
Biodiversity litigation is expected to rise to become the “next frontier” of environmental claims, according to law firm Clyde &…
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Airbus investors file €300m class action in Dutch court
A class action lawsuit against Airbus has accused the French airline of misconduct and is seeking €300m in damages. The…
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France fines Google and Facebook €210m for violating privacy rules
French data regulator CNIL has fined Google €150m and Facebook €60m for breaching EU privacy rules. The fines are for…
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German cartel office exercises new anti-competitive powers over Google
Germany’s competition regulator Bundeskartellamt has said it will subject Google and its parent company Alphabet to special abuse control measures…
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AMRAE confident of progress on captives as it confirms conference to go ahead next month
AMRAE has confirmed that its annual meeting of French risk managers will go ahead in-person next month, and urged cyber…
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Bayer’s investors file €2.2bn German lawsuit over Monsanto acquisition
Bayer is facing a €2.2bn lawsuit in Germany from a group of investors over its acquisition of US agrochemical manufacturer…
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Big rise in climate litigation against business and governments next year, says Clyde & Co
Clyde & Co predicts a “sharp increase” in strategic climate change litigation against European businesses and governments next year to…
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US slaps NatWest Markets with $35m fine for fraud charges
NatWest Markets, the London-based investment banking unit of NatWest, has pleaded guilty to fraud charges in the US and will…
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Norway’s DPA fines Grindr €6.34m for data breach
Gay dating app Grindr has been fined NOK65m (€6.34m) over a data breach that broke the EU’s data privacy laws.…
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UK regulator fines HSBC £64m for anti-money laundering process failures
HSBC Bank has been fined £63.9m for breaching anti-money laundering (AML) regulations on systems and controls over a period of…
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FCA hands out highest fines for six years at £577m
UK regulator the Financial Conduct Authority (FCA) has issued the highest amount of fines in 2021 for six years, at…
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UK managers fear rising personal liability over ESG issues, finds QBE survey
Senior managers at UK businesses fear they are facing higher levels of personal liability from their firm’s climate exposures and…
