The UK's Financial Conduct Authority (FCA) Chief Executive Nikhil Rathi delivered a speech at the Digital Regulation Cooperation Forum (DRCF), outlining the FCA's priorities for regulating Big Tech firms operating in financial services.
The European Data Protection Board (EDPB) has issued its annual report for 2023, detailing its activities and major enforcement actions taken by EU data protection authorities over the past year. The report serves as a compliance wake-up call for businesses operating in the EU, with substantial fines levied for violations of the General Data Protection Regulation (GDPR).
The Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced targeted sanctions against multiple individuals and entities involved in Iran's UAV (Unmanned Aerial Vehicle) program, steel industry, and automobile sector.
In a joint effort to disrupt Russia's earnings from the export of metals, the United States Department of the Treasury, in collaboration with the United Kingdom, has introduced two significant measures aimed at limiting the flow of Russian-origin aluminum, copper, and nickel.
The Public Company Accounting Oversight Board (PCAOB) has unveiled its 2023 Annual Report, showcasing a year of dynamic initiatives aimed at fortifying investor protection and enhancing audit quality. With a focus on compliance and regulatory enforcement, the report highlights significant milestones achieved in standard setting, inspections, and enforcement actions.
The Public Company Accounting Oversight Board (PCAOB) has taken decisive action against Deloitte Indonesia and Deloitte Philippines, alongside its recent enforcement measures against KPMG Netherlands, for serious violations of PCAOB rules and quality control standards. This enforcement action targets the widespread improper answer sharing within the firms over a significant period.
New York City's Comptroller, alongside trustees of the New York City Employees’ Retirement System, Teachers’ Retirement System, and Board of Education Retirement System (the Pension Systems), has secured agreements with three of North America's largest banks: JPMorgan Chase, Citi, and the Royal Bank of Canada. These agreements commit the banks to regularly disclose their ratio of financing for clean energy supply to financing for fossil fuel extraction, known as the Energy Supply Ratio, along with the underlying methodology.