The European Commission has opened a formal investigation into whether Google is complying with the Digital Markets Act (DMA) after signs emerged that the company may be pushing news publishers’ content lower in search results. The case marks one of the most significant early tests of how far the EU will go in enforcing the bloc’s landmark digital competition rules.
Singapore’s financial watchdog is moving to tighten oversight of artificial intelligence across the financial sector, issuing a new consultation paper that lays out supervisory expectations for how firms should manage the risks of increasingly powerful AI systems.
Alinta Energy has paid $718,740 ($1,089,000 AUD) in penalties after the Australian Energy Regulator (AER) issued a record 15 infringement notices over alleged mishandling of Centrepay deductions and failures to refund and notify customers within the required timeframe.
The UK’s Financial Reporting Council (FRC) has issued a new sustainability assurance standard, International Standard on Sustainability Assurance (UK) 5000 or ISSA (UK) 5000, marking a significant milestone in the country’s push for more credible, high-quality sustainability reporting.
Sweden’s financial watchdog (Finansinspektionen) has reprimanded Avida Finans and fined the lender USD 1.8 million (SEK 20 million) after discovering gaps in its consumer credit practices.
After a bruising year of cyber incidents that exposed the fragility of the UK’s digital defenses, the government has presented its long-awaited Cyber Security and Resilience Bill to Parliament, a huge step intended to move the country from guidance to enforcement in its approach to cyber risk.
The European Central Bank has ordered Spanish lender ABANCA to pay €187,650 after the bank failed to complete a required assessment of its climate-related and environmental risks within the deadline set by supervisors.