All articles by Neil Hodge – Page 29
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Vestager says fearsome rep ‘undeserved’
European Commissioner for Competition Magrethe Vestager talks on competition law, cartels, corporate whistleblowers, compliance, and the Commission’s reputation.
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Don’t be caught unprepared for a ‘dawn raid’
Unannounced inspections have become a fearsome weapon for regulators in Europe, so you need to know what to do in case your company ends up being a target.
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Commission proposes law to beef up EU whistleblower protection
In light of recent high-profile scandals at such big wigs as Volkswagen, the European Union is proposing new laws to strengthen whistleblower protection for reporting both internally and to public authorities.
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Don’t expect grace period for GDPR enforcement
Companies will be in for a shock if they think that European data regulators will go soft on them or allow a grace period as they prepare for tough new rules on data protection that come into force next month.
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Barclays’ Staley to be fined in whistleblower case
Barclays bank chief Jes Staley gets to keep his job but faces a significant fine after admitting using bank staff to try to reveal a whistleblower’s identity.
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Getting to the heart of what went wrong at Danske Bank
A long-running money laundering scandal at Denmark’s biggest lender has resulted in one of the bank’s executives stepping down, but he’s unlikely to be the last.
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Carillion demise brings lessons in compliance
The collapse of U.K. construction firm Carillion points to a need for compliance to step up to the plate and conduct its own due diligence, regardless of where the markets may lead.
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SFO targets Tesco executives in retrial
Although British supermarket chain Tesco secured a DPA for its 2014 fraud offence, three of its executives still face a reckoning in court—with an uncertain outcome.
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India’s garment industry put through the wringer
A recent report illustrating substantial environmental issues in India’s garment industry offers a roadmap all companies could benefit from when monitoring and auditing supply chains.
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U.K. co-op compliance failures raise regulatory questions
A series of compliance setbacks at prominent U.K. co-ops have brought increased scrutiny to both the co-ops … and their regulators.
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Negative feedback has impact on FCA Financial Services Register plans
The FCA has abandoned Financial Services Register plans that would have placed the responsibility for certifying the suitability of key people other than “senior managers” onto the firms.
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FCA calls for technology for ‘smarter’ regulatory reporting
In a bid to cut down on firms’ “burdensome” reporting woes while easing its own workload to review such reporting, the Financial Conduct Authority is seeking input on how technology could make regulatory reporting simpler and more consistent.
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Report: Royal Bank of Scotland abused small businesses during financial crisis
The U.K. Financial Conduct Authority has released a report detailing how RBS mistreated distressed small businesses over a six-year period starting in 2009.
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New U.K. recall regulator for ‘white goods’
The U.K. government has set up a new national body to tackle the recall of dangerously faulty white goods and electrical items following evidence that manufacturers are slow to carry out the process and local authorities are disinclined to oversee it.
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SFO charges Barclays a second time over fraudulent $3B Qatar loan
Barclays will face charges of unlawful financial assistance in relation to an illegal transaction during the height of the financial crisis to keep the bank from failing.
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European Commission fines Qualcomm €997M for Apple deal
What was supposed to be a sweetheart deal with Apple for supplying smartphone microchips has turned into a major enforcement action for Qualcomm.
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Lactalis baby milk recall a nightmare of its own making
French dairy giant Lactalis is facing a massive baby milk recall both due to salmonella and its failure to disclose the contamination in a timely manner.
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Equal pay fast becoming a U.K. compliance issue
Disputes over discrepancies in compensation are rapidly involving both boardrooms and human resources in ways that compliance will ultimately oversee.
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Morrisons data breach creates additional cyber-liability
A recent court case sets the precedent that even if you have been hit with a malicious data breach, you may still face vicarious liability for it.
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Regulators skeptical of Uber’s work to fix breach processes
A look at the trials and tribulations of taxi-app company Uber: data breaches it tried to keep hidden, how they were exposed, what Uber is doing to fix operations.