GRC Report Staff

‍The European Banking Authority (EBA), European Insurance and Occupational Pensions Authority (EIOPA), and European Securities and Markets Authority (ESMA) signed a new Memorandum of Understanding with the Bank of England, the Prudential Regulation Authority, and the Financial Conduct Authority, formalizing how they will work together to oversee critical ICT third-party service providers under the EU’s Digital Operational Resilience Act.

Affiliates of Kaiser Permanente have agreed to pay $556 million to resolve federal allegations that they improperly inflated Medicare Advantage payments by submitting unsupported diagnosis codes, the Justice Department announced Wednesday.

The European Securities and Markets Authority published a second thematic note on sustainability-related claims, this time homing in on how firms describe ESG strategies in their communications. The focus is squarely on two of the most frequently used, and most inconsistently explained, terms in the market of ESG integration and ESG exclusions.

Malaysia’s competition watchdog has issued a proposed decision against two enterprises over alleged bid-rigging linked to a major highway construction project valued at approximately $61 million (RM285 million).

Amazon plans to appeal an Italian antitrust ruling even after a court sharply reduced a record competition fine imposed on the company, signaling that a closely watched regulatory battle in Europe is far from over.

After months of pressure from companies grappling with the first wave of Corporate Sustainability Reporting Directive disclosures, the European Financial Reporting Advisory Group (EFRAG) has delivered a sweeping proposal to simplify the European Sustainability Reporting Standards, cutting back disclosure requirements while keeping the EU’s broader climate and sustainability ambitions intact.

Spain’s competition watchdog, the CNMC, has fined ICON €1.2 million and barred it from public-sector contracts for five months, concluding that the company ran a long-standing strategy to tightly control prices and commercial conditions in the professional hairdressing products market.