Australia’s financial watchdog is tightening expectations for industry codes of conduct, making clear that if banks, insurers, lenders, or investment firms want to claim their codes are “ASIC-approved,” they’ll need to prove those codes actually work for consumers.
The European Union must rapidly scale up investment in climate resilience to protect its economy and communities from escalating climate-related threats, according to a new report delivered to Commissioner Wopke Hoekstra on Tuesday.
Google has been ordered by Australia’s Federal Court to pay $36.3 million (AUD $55 million) after admitting that revenue-sharing deals with Telstra and Optus unfairly restricted competition in the mobile search market.
The Federal Trade Commission is taking action against Illuminate Education after investigators found the popular school software provider failed to secure sensitive student records, a lapse that led to a major hack affecting more than 10 million children across the United States.
The UK telecoms watchdog has fined Virgin Media £23.8 million after vulnerable customers relying on telecare alarms were left disconnected during the company’s switch to digital landlines, a move Ofcom says put people directly at risk.
Apple has officially landed two more of its services on the EU’s regulatory radar. On Thursday, the European Commission confirmed that the tech giant notified Brussels that both Apple Ads and Apple Maps meet the size and scale thresholds set under the Digital Markets Act (DMA), Europe’s sweeping effort to rein in the dominance of major digital players.
The UK is stepping deeper into the sustainable finance arena. The Financial Conduct Authority (FCA) has put forward plans to regulate ESG ratings (the scores that influence trillions in investment decisions) in an effort to make them far more transparent, reliable and comparable than they are today.