The European Commission has proposed new legislation aimed at strengthening Europe’s industrial base while accelerating the shift toward low-carbon manufacturing. But beyond its economic ambitions, the proposal could introduce a new set of governance and compliance considerations for companies operating across strategic industrial sectors.
A New Zealand High Court has imposed a $1.3 million (NZD $2.1 million) penalty on ASB Bank after internal process failures resulted in incorrect charges and missed discounts for thousands of customers. The ruling follows enforcement action by New Zealand’s Financial Markets Authority and stems from issues tied to the bank’s insurance products and digital banking services. In total, more than 25,000 customers were affected, prompting ASB to refund approximately $2.9 million (NZD $4.7 million) once the issues were identified.
Poland’s competition and consumer protection authority had a busy year in 2025, issuing hundreds of decisions across sectors ranging from banking and telecommunications to e-commerce and agricultural machinery, and imposing more than $290 million (PLN 1.15 billion) in fines.
The Monetary Authority of Singapore has issued new supervisory guidance aimed at strengthening how financial institutions prepare for the economic transition associated with climate change. The regulator released three sets of Guidelines on Environmental Risk Management – Transition Planning, setting out expectations for banks, insurers, and asset managers on how to assess and manage climate-related risks within their business models and portfolios.
Privacy regulators from around the world are stepping up scrutiny of generative AI tools capable of producing realistic images and videos of real people, warning that the technology is already being used in ways that threaten privacy, dignity, and safety.
Two companies operating in New Zealand’s courier market have been ordered to pay a combined $724,000 USD ($1.225 million NZD) after the country’s competition regulator uncovered cartel conduct involving agreements that restricted competition between courier providers.
The UK Financial Conduct Authority has fined John Wood Group £12,993,700 after concluding the company published misleading financial information in several of its recent earnings announcements.