All Europe articles – Page 36
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Article‘An invaluable asset’: Participants praise opportunity for feedback via GDPR sandboxes
Regulatory sandboxes launched by EU data protection authorities provide firms the opportunity to collaborate and make use of the regulator’s expertise to reduce GDPR compliance risks.
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ArticleGDPR dealt blow as German court drops $17.2M Deutsche Wohnen fine
A €14.5 million (U.S. $17.2 million) fine against Deutsche Wohnen has been dropped after a German court found under German law the company could not be held responsible for violating the GDPR unless blame could be attached to a specific individual or executive.
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ArticleFCA confirms Dec. 31 end date for LIBOR
The U.K. Financial Conduct Authority put the nail in the coffin of LIBOR, confirming the widely used benchmark interest rate will cease to be available in most forms at the end of this year.
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VideoVideo: Google ad change a boon for privacy; red flags apparent in Greensill downfall
Aaron Nicodemus acknowledges Google’s decision to stop selling ads based on user browsing history as a good first step, while Kyle Brasseur laments apparent red flags ignored in the seemingly impending collapse of Greensill Capital.
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ArticleIreland GDPR report: Big fines coming soon for Big Tech?
Ireland’s data regulator has 27 ongoing cross-border inquiries into Big Tech firms, according to its latest annual report. It expects several cases to be resolved in the coming year.
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ArticleEY Germany changes leadership in wake of Wirecard scandal
Hubert Barth, head of EY’s Germany practice for the past five years, will step down and take on a “new role at the European level” as the firm seeks to restore its tarnished reputation following its missteps leading up to the collapse of Wirecard.
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ArticleHSBC promotes group compliance chief to executive role
HSBC announced the promotion of Group Chief Compliance Officer Colin Bell to CEO of HSBC Europe and HSBC Bank amid a flurry of senior management changes.
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ArticleEDPS opinion puts targeted advertising in crosshairs
The EU’s chief data regulator says planned regulations to oversee the tech sector should be tightened further to ban targeted advertising based on tracking online activity—an opinion that could prompt Big Tech and adtech firms to lobby hard against the changes.
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ArticleNorthern Ireland turns up heat on modern slavery transparency
Northern Ireland Justice Minister Naomi Long has launched two consultation documents on measures to eradicate modern slavery from the supply chains of public- and commercial-sector organizations.
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Facebook fined $8.4M for data collection practices in Italy
Facebook has been fined €7 million (U.S. $8.4 million) by Italy’s antitrust regulator for failing to address issues related to its personal data collection practices.
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ArticleTikTok faces more backlash, now from EU consumer group
TikTok has come under the scrutiny of European consumer advocacy organization BEUC, which is urging authorities to put an end to the video sharing platform’s abuse of EU users’ rights—especially those of children.
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ArticleKPMG UK chair resigns over controversial pandemic remarks
KPMG UK Chairman Bill Michael has resigned after controversial remarks he made about the coronavirus pandemic during a virtual town hall meeting offended several employees and were subsequently made public.
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ArticleJames Freis did the right thing at Wirecard … but why didn’t anyone else?
At the end of the sorry Wirecard saga, James Freis may be one of the very few former senior employees who can hold his head high, writes Martin Woods.
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ArticleCompanies not reporting ESG initiatives are in the minority
Several reports highlight the growing trend of companies recognizing the value of aligning their business models with ESG concerns, acceding to the demands of shareholders, activists, the market, and the public.
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ArticleU.K.’s SFO slapped down over attempts to flout jurisdiction rules
In another blow to the agency’s credibility, the U.K.’s Serious Fraud Office cannot attempt to force foreign companies to hand over evidence held overseas, according to a recent court ruling.
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ArticleEurope handcuffed by current corporate liability laws; is change coming?
European countries have begun to question whether their laws around corporate liability need to be reformed. However, change may not be as rapid as first thought.
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ArticleMore Wirecard fallout: Top brass out at German finance regulator
Continuing fallout from the Wirecard scandal has led Germany’s finance minister to oust the top two officials at the country’s financial regulator, the Federal Financial Supervisory Authority (BaFin).
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ArticleSpain, Italy setting new standard for GDPR enforcement
While big fines against big companies make headlines, Spain and Italy have flown under the radar as two of the most frequent enforcers of the GDPR, instead primarily focusing on smaller penalties. Might other countries follow suit?
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ArticleNorwegian DPA warns Grindr of $11.7M GDPR fine
Norway’s data privacy watchdog issued gay dating app Grindr with a notice of intention to fine it NOK 100 million (U.S. $11.7 million) for sharing personal data with third parties without users’ consent.
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ArticleSpanish DPA fines CaixaBank record $7.3M under GDPR
Spain’s data protection authority recently fined CaixaBank €6 million (U.S. $7.3 million) for misuse of customer data, the largest GDPR fine the country has handed out.