France’s financial markets watchdog has imposed a total of €1,890,000 in fines on eight individuals and two legal entities, including ski infrastructure developer MND and its director, for a series of serious market abuse violations ranging from late disclosure of inside information to insider trading and breaches of professional obligations.
South Korea’s Financial Services Commission (FSC) recently announced that all companies listed on the Korea Composite Stock Price Index (KOSPI) will be required to submit corporate governance reports starting in 2026.
J.P. Morgan Securities has agreed to pay more than $2.18 million to settle charges that it let a pattern of unsuitable short-term trades go unchecked, leaving retail clients with losses while the firm and its representatives raked in fees.
The European Commission is facing scrutiny from the European Ombudsman over its failure to follow its own Better Regulation Guidelines when preparing legislative changes to corporate sustainability reporting and due diligence rules. A formal inquiry led by Ombudsman Teresa Anjinho has revealed that the Commission bypassed critical procedural steps (namely, a public consultation, an impact assessment, and a climate consistency review) without providing adequate justification.
What was once dubbed the “tragedy of the horizon” has now become a clear and present danger. That’s the message from two recent ECB blog posts detailing the urgent economic and financial risks posed by climate change—not just in the long term, but over the next five years. Together, the entries highlight both the growing sophistication of climate risk modeling and the ECB’s sharpened supervisory expectations for banks across the euro area.
The UK’s Financial Conduct Authority (FCA) has fined Barclays Bank UK and Barclays Bank a combined £42 million for separate and serious failures in their financial crime risk management, marking the latest in a series of enforcement actions against the bank over weak anti-money laundering (AML) controls.
Delta Air Lines is facing a multimillion-dollar bill after allegedly crossing the line on pandemic relief rules and keeping quiet about it for years. The Atlanta-based airline has agreed to pay $8.1 million to settle claims that it violated the False Claims Act by awarding excessive compensation to top employees in breach of its agreement under the federal Payroll Support Program (PSP).