After years of warnings that corruption too easily slips through cracks between national legal systems, EU lawmakers have reached a political deal to tighten the net. On Tuesday night, negotiators from the European Parliament and Council agreed on the Union’s first directive to harmonise criminal laws against corruption, a milestone many in Brussels say is overdue.
Europe wants deeper capital markets, more private investment, and a financial system that can compete globally. But one of the bloc’s leading regulators is warning that the EU is trying to build that future on an outdated supervisory map.
Australia’s financial watchdog is tightening expectations for industry codes of conduct, making clear that if banks, insurers, lenders, or investment firms want to claim their codes are “ASIC-approved,” they’ll need to prove those codes actually work for consumers.
The European Union must rapidly scale up investment in climate resilience to protect its economy and communities from escalating climate-related threats, according to a new report delivered to Commissioner Wopke Hoekstra on Tuesday.
Google has been ordered by Australia’s Federal Court to pay $36.3 million (AUD $55 million) after admitting that revenue-sharing deals with Telstra and Optus unfairly restricted competition in the mobile search market.
The Federal Trade Commission is taking action against Illuminate Education after investigators found the popular school software provider failed to secure sensitive student records, a lapse that led to a major hack affecting more than 10 million children across the United States.
The UK telecoms watchdog has fined Virgin Media £23.8 million after vulnerable customers relying on telecare alarms were left disconnected during the company’s switch to digital landlines, a move Ofcom says put people directly at risk.