Sapia will pay more than £19.6 million to clients of WealthTek after UK regulators found the firm failed to put adequate safeguards around client money, exposing customers to the risk of loss.
In its latest update tied to the European Accessibility Act, the Netherland's Autoriteit Financiële Marktenthe laid out guidance for firms navigating accessibility requirements, while making clear that oversight will intensify in the months ahead. The aim is to ensure that people with disabilities can access and manage financial services independently in an increasingly digital environment.
The European Banking Authority has raised concerns over proposed changes by the European Commission to key technical standards governing how banks calculate operational risk, cautioning that parts of the revisions could undermine consistency and supervisory effectiveness across the EU.
The Polish Office of Competition and Consumer Protection found that provisions used by the events giant created confusion at venue entrances and imposed unfair hurdles on refunds for canceled shows. The regulator has imposed a fine of approximately $3.8 million (PLN 15.3 million) and ordered the company to compensate affected consumers.
Spain’s competition regulator, the National Commission on Markets and Competition, is released a formal opinon pressing for a sharper focus on competition as lawmakers move forward with a sweeping effort to strengthen public sector integrity.
A senior official at the European Central Bank has emphasized that climate and environmental risks are now a necessary part of how the institution assesses inflation, financial stability, and the resilience of banks.
Hong Kong’s Securities and Futures Commission has reached a landmark agreement with PricewaterhouseCoopers Hong Kong that will see the audit firm set aside approximately $128 million (HK$1 billion) to compensate certain shareholders of China Evergrande Group, marking a rare instance of auditors contributing directly to investor restitution.