Two of the fashion world’s biggest names (Giorgio Armani and Shein) have just been pulled off the sustainability pedestal by Italy’s competition watchdog. The Italian Competition Authority (AGCM) has fined both companies for painting an ethical and eco-friendly picture that didn’t quite match reality. The charges? Misleading consumers through glossy green claims and hollow promises on worker protections.
The European Insurance and Occupational Pensions Authority (EIOPA) has published its July 2025 Risk Dashboards, and on the surface, risks across Europe’s occupational pension funds and insurance sector remain largely stable. But dig a little deeper, and a more nuanced picture emerges, one shaped by geopolitical tensions, market jitters, and persistent uncertainty.
Genomic sequencing giant, Illumina, has agreed to pay $9.8 million to resolve allegations that it sold systems with serious cybersecurity vulnerabilities to U.S. federal agencies, the Justice Department announced Thursday.
The Prudential Regulation Authority (PRA) has issued a £1,785,000 fine against Barents Reinsurance S.A., London Branch, marking the first time it has sanctioned a reinsurer-only firm for significant internal control, governance, and regulatory reporting failures. The fine underscores the PRA’s heightened expectations for firms operating under the post-Brexit regulatory framework, particularly those falling under the UK’s Temporary Permissions Regime (TPR).
In the age of sprawling digital supply chains, third-party risk management has become less of a compliance box to tick and more of a survival strategy. But according to a new 2025 study from Mitratech, many organizations are still trying to manage it all with duct tape and spreadsheets.
What happens to a bank’s balance sheet when climate policy tightens and the real economy isn’t quite ready for it? That’s the kind of question Japan’s financial authorities are starting to ask more seriously, and they’ve just completed their second round of climate stress testing to try to get a clearer picture.
Cadence Design Systems, a California-based multinational semiconductor software firm, has agreed to plead guilty and pay more than $140 million in combined criminal and civil penalties after unlawfully exporting sensitive U.S. design tools to a Chinese military university, U.S. officials announced Monday.