All Europe articles
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PremiumWhat’s your risk appetite? EU firms grapple with ‘ridiculously complex’ ESG reporting rules
Discussions on the increasingly complex ESG rules in the EU were the crux of some conversations at Compliance Week Europe, a two-day conference in Amsterdam Oct. 15-16. The event brought together Compliance Week and its sister organization, the International Compliance Association, and more than 200 GRC professionals across industries.
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ArticleStudy: Post-financial crisis fines against financial institutions hit $36B
Global fines and penalties against financial institutions hit $36 billion last year, as ramifications from the financial crisis continue to reverberate throughout the financial services industry, according to a new report.
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Article
Facebook facing probes in Ireland
Facebook is the subject of 10 investigations by Ireland’s privacy regulator into whether the company and its subsidiaries have violated European Union privacy law—part of 15 probes the regulator has opened up against major tech firms headquartered in the country.
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Blog
ACC opens new Europe headquarters in Brussels
The Association of Corporate Counsel, a global legal association representing more than 45,000 in-house counsel employed by over 10,000 organizations in 85 countries, has opened its first office in Brussels. It will serve as the nucleus of ACC in Europe, led by new managing director Giuseppe Marletta.
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Article
Danske Bank under investigation in France over money-laundering saga
For a second time, Danske Bank is under investigation in France for suspected money-laundering transactions worth €21.6 million (U.S. $24.4 million) committed between 2007 and 2014.
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ArticlePrison time for U.K. bosses who botch pension scheme management
The U.K. government says those executives who mismanage company pension schemes could face a jail sentence of up to seven years.
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Blog
Privacy violations surge despite Europe’s tougher regs
A steep uptick in potential privacy violations has hit Europe, eight months after it issued stringent data privacy regulations.
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Blog
Little external audit improvement post-Carillion collapse
Only half of U.K. company secretaries feel that the level of service their organisations get from their external auditor has improved in the wake of the Carillion crisis and other corporate governance scandals.
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Blog
U.K.’s top ethical lapses in 2018
The Institute of Business Ethics has recorded which industries had the most negative news coverage in the past year.
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Article
Muddled DPA outcome for Tesco accounting fraud scandal
The U.K. Serious Fraud Office has released details of the deferred prosecution agreement it struck with Tesco—on the same day the supermarket chain’s former finance director accused of the accounting fraud was acquitted.
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Blog
French data regulator fines Google under GDPR
France’s data protection regulator recently slapped Google with a substantial €50 million (U.S. $57 million) fine for failing to provide users with clear, accurate, and informative details on its data use policies.
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ArticleAmple fallout from May’s Brexit vote defeat
British regulators and Members of Parliament had some serious comments and concerns after Tuesday’s 432-to-202 vote against U.K. Prime Minister Theresa May’s Brexit plan.
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Article
EU investigates Nike over tax
The European Commission has opened an in-depth investigation to examine whether the Dutch government unfairly helped U.S. sportswear company Nike avoid paying taxes on its European profits through a series of favourable tax rulings.
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ArticleUnderstanding the territorial scope of the GDPR
EU companies should scrutinize new guidelines from the European Data Protection Board that signal the long arm of the GDPR extends far beyond the European Union.
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Blog
French court fines Total SA €500,000 in Iran bribery case
The Paris Criminal Court on Dec. 21 found French oil and gas company Total SA guilty of bribing a foreign public official and ordered the company to pay a €500,000 (U.S. $570,000) fine.
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Blog
U.K. government further tightens AML net
A reform package introduced recently by the U.K. government aims to increase transparency and tackle corruption in limited partnerships.
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Article
CMA looks at tackling Big Four’s stranglehold of U.K. audit market
The audit market is facing serious scrutiny from the U.K. Competition and Markets Authority, which hopes to carve out external audit from consulting, impose a “joint audit” regime, and increase audit committee chair accountability.
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Blog
FRC issues corporate governance principles for private companies
The Financial Reporting Council (FRC) issued its long-awaited corporate governance standards for private companies, providing a framework to help the companies meet legal requirements and improve and disclose their governance.
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Blog
Anti-corruption efforts in sports gaining global steam
More than 100 ministers, international sports organizations, and experts from around the world met in London on Dec. 6 to reaffirm their global commitment toward tackling corruption in sport.
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Blog
Big Four split on solutions to industry’s problems
Deloitte and KPMG have gone further than EY and PwC in their comments to the current CMA review of the industry, but it seems unlikely the members of the Big Four won't get on the same page.