The European Securities and Markets Authority (ESMA) published an Opinion outlining its long-term vision for improving the EU's Sustainable Finance Regulatory Framework. This comprehensive document aims to enhance the framework's usability and coherence, focusing on facilitating investors' sustainable investment journey while supporting the effective functioning of the entire Sustainable Investment Value Chain (SIVC).
The European Central Bank (ECB) is crafting a new framework to evaluate the impact of geopolitical risks on banks, informed by the lessons learned from the sanctions on Russia, which have disrupted operations for several euro zone lenders. This development was announced by Claudia Buch, the ECB's top banking supervisor, during an online event hosted by the Petersen Institute for International Economics.
The Institute of Internal Auditors (IIA) has appointed Terry Grafenstine as the new Chair of its global board of directors, a decision announced during the organization's annual business meeting and 2024 International Conference held in Washington, DC last week. Grafenstine will serve a two-year term, bringing a wealth of experience to the role.
In one of the largest data breaches in Australian history, cybersecurity experts confirm that highly sensitive health data of 12.9 million Australians, stolen from eScripts provider MediSecure, has been sold on the dark web and is now being offered for resale.
The Australian Prudential Regulation Authority (APRA) has taken action against OnePath Custodians Pty Limited (OPC), a major player in Australia's superannuation industry, for alleged breaches of the Superannuation Industry (Supervision) Act 1993 (SIS Act).
The Personal Information Protection Commission (PIPC) of South Korea has released comprehensive guidelines titled "Guidelines on Applying the Personal Information Protection Act to Foreign Business Operators." These guidelines aim to help foreign companies navigate and comply with South Korea's Personal Information Protection Act (PIPA), particularly in light of major amendments made to the law in 2023.
Data protection authorities across Europe continue to enforce GDPR regulations, with recent actions targeting both a major Dutch retailer and a telecommunications company in Spain.