The European Insurance and Occupational Pensions Authority (EIOPA) has published a sweeping Opinion on the governance and risk management of artificial intelligence (AI) systems in the insurance sector, offering fresh clarity to national supervisors navigating the intersection of sectoral regulation and the EU AI Act.
There’s little doubt that regulation in the UK is picking up pace, and compliance professionals aren’t just being asked to keep up. They’re being asked to lead. COMPLY’s 2025 UK Regulatory Rundown, released this July, does what many frazzled in-house teams wish they had time to do: it maps the FCA’s recent and upcoming rules across two whirlwind years of consultation papers, policy statements, and strategic pivots. And it doesn’t just summarize what’s changed. It breaks down why it matters—who’s affected, what’s required, and where firms need to focus now.
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.