The UK Financial Conduct Authority (FCA) has issued decision notices proposing nearly £46 million in penalties against fund manager Neil Woodford and his former firm, Woodford Investment Management (WIM), over serious failings in their management of the now-defunct Woodford Equity Income Fund (WEIF).
UBS has reached a $300 million agreement with the U.S. Department of Justice (DOJ) to resolve one of Credit Suisse’s long-standing legal obligations tied to its pre-financial crisis mortgage practices, the bank announced on Monday.
In July 2025, the European Financial Reporting Advisory Group (EFRAG) released a dramatically slimmed-down version of the European Sustainability Reporting Standards (ESRS), part of a broader rethink of how the EU balances transparency with practicality. At the heart of the update is fewer datapoints, more usability, and a clearer nod to the real-world pressures companies are facing.
In an abrupt course correction, OpenAI has pulled the plug on a controversial ChatGPT feature that allowed users to publicly share conversations—after discovering that some of those shared chats were being indexed by Google and turning up in search results.
On August 1, the European Banking Authority (EBA) dropped the results of its 2025 EU-wide stress test, a formidable what-if scenario designed to see how banks would hold up if the global economy went sideways. And not just a little sideways. We’re talking trade wars, inflationary flare-ups, crashing asset prices, and real estate meltdowns, the financial equivalent of a perfect storm.
Two of the fashion world’s biggest names (Giorgio Armani and Shein) have just been pulled off the sustainability pedestal by Italy’s competition watchdog. The Italian Competition Authority (AGCM) has fined both companies for painting an ethical and eco-friendly picture that didn’t quite match reality. The charges? Misleading consumers through glossy green claims and hollow promises on worker protections.
The European Insurance and Occupational Pensions Authority (EIOPA) has published its July 2025 Risk Dashboards, and on the surface, risks across Europe’s occupational pension funds and insurance sector remain largely stable. But dig a little deeper, and a more nuanced picture emerges, one shaped by geopolitical tensions, market jitters, and persistent uncertainty.