GRC Report Staff

The Securities and Exchange Surveillance Commission (SESC) has recommended that administrative disciplinary action be taken against MUFG Bank, Ltd. (MUBK), Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. (MUMSS), and Morgan Stanley MUFG Securities Co., Ltd. (MSMS). This decision follows a comprehensive inspection revealing serious violations under the Financial Instruments and Exchange Act (FIEA).

Synnovis, a pathology laboratory handling blood tests for multiple NHS organizations in South East London, has fallen victim to a cyber attack, triggering concerns over potential data exposure affecting NHS patients.

Sikorsky Support Services Inc. (SSSI) and Derco Aerospace Inc., subsidiaries of United Technologies Corporation at the time of the alleged misconduct, have reached a $70 million settlement with the United States Department of Justice over False Claims Act violations. The settlement resolves accusations that the companies overcharged the U.S. Navy for spare parts and materials essential for naval aircraft maintenance.

Australia's financial sector is poised for a transformative journey as it embraces the Sustainable Finance Roadmap, a pivotal strategy unveiled by Treasurer Hon Jim Chalmers MP. This roadmap not only charts a course towards a sustainable economy but also mandates stringent compliance measures and integrates Environmental, Social, and Governance (ESG) considerations into financial practices.

In a multifaceted effort to bolster national security and combat international illicit activities, the U.S. Department of the Treasury has announced a series of sanctions targeting significant threats from Mexico's La Nueva Familia Michoacana drug cartel and Russian nationals under Executive Order 14024. These actions aim to disrupt drug trafficking networks and address emerging challenges in global security.

In a move set to impact European users, Apple Inc. announced on Friday its decision to delay the launch of three new artificial intelligence features in Europe until 2025. The delay, attributed to compliance issues with European Union competition rules under the Digital Markets Act (DMA), marks a significant divergence from the features' rollout scheduled for this fall in the United States.

The Swiss National Bank (SNB) has released its 2024 Financial Stability Report, highlighting the need for significant regulatory reforms in the wake of the Credit Suisse crisis. The report, which comes just over a year after UBS's acquisition of Credit Suisse, outlines several key areas where the Swiss banking regulatory framework requires strengthening.