The Bank of England thinks the United Kingdom has made positive “progress” on handling the risks of disruption to financial services likely to be caused by Brexit, but adds there has been a lack of similar action from the European Union.
Neil Hodge
Neil Hodge is a freelance business journalist and photographer based in Nottingham, United Kingdom. He writes on insurance and risk management, corporate governance, internal audit, compliance, and legal issues for a wide range of publications in the United Kingdom and United States.
Posted inEthics & Culture
French telecom execs face trial for moral harassment
Former executives of French telecom firm Orange have been charged under the country’s “moral harassment” law for encouraging an extremely high-pressure business environment, which reportedly led to more than 30 employee suicides.
Posted inEurope
A boon for U.K. financial services firms: climate disclosure guidance
New climate disclosure guidance from The European Bank for Reconstruction and Development, meant to be promoted by G20 countries, will help the largest companies in the world with how they disclose long-term impacts of climate change in their financial results. The guidance is especially sought after by financial services firms.
Posted inEurope
BMW to blame for delayed recall that led to driver’s death
Carmaker BMW’s delay in recalling U.K. cars with an electrical fault contributed to a driver’s death, a U.K. inquest has found.
Posted inEurope
Yahoo fined over historic data breach
The Information Commissioner’s Office has fined Yahoo £250,000 (U.S. $331,203) for a cyber-attack that placed 500 million users’ personal information at risk.
Posted inEurope
EU accepts proposals to boost powers of states’ competition regulators
The European Union has given member states the necessary resources and the independence to investigate and penalize companies that break EU competition laws, but a lack of consistency among the states could lead to confusion.
Posted inEurope
Taking a pull-the-plug approach to GDPR compliance
Given the two-year lead time, few would have guessed that the best way some organisations would comply with the European Union’s stringent new data rules would be to simply cut access to services.
Posted inEurope
EU pushes for worldwide ban on testing cosmetics on animals
The European Parliament is seeking to make the EU’s ban on cosmetic testing on animals a worldwide prohibition.
Posted inEurope
Court throws out Barclays’ Qatar fraud charges
Barclays Bank received some good news this week when a U.K. court threw out criminal charges relating to its decade-old fundraising deals in Qatar.
Posted inEurope
Modern slavery still a force in U.K.
A new study finds that forced labour and employee abuse still permeate many industries in the United Kingdom.
