Swiss and British regulators are tightening the knot on financial services cooperation, giving markets and clients a clearer sense of what to expect as cross-border rules evolve.
Sanofi has been ordered to pay €150.7 million ($177.1 million) in damages to France’s national health insurance fund (CNAM) after a Paris appeals court found the drugmaker engaged in anti-competitive practices to protect sales of its anti-clotting drug Plavix, Reuters first reported.
Optus has been dealt a major blow in the Federal Court, ordered to pay $65 million (AUD 100 million) after admitting it engaged in unconscionable conduct by selling mobile phones and plans to vulnerable Australians who often could not afford, use, or understand them.
UBS has put an end to a long-running French legal battle, agreeing to pay €835 million ($895 million) to settle charges tied to its cross-border business activities from 2004 to 2012.
The role of technology in governance, risk, and compliance has never been more important. Organizations are under pressure to build resilience, integrate governance into decision-making, and ensure that risk management isn’t just a side function but part of the strategy that drives the business forward. Yet there’s still plenty we don’t know, including which approaches are working best, where maturity gaps remain, and what investments will define the future.
The Department of Justice’s Criminal Division is having what Acting Assistant Attorney General Matthew R. Galeotti called “a record-breaking year” in its pursuit of white-collar crime, and he made clear in remarks Friday at the Global Investigations Review Annual Meeting in New York that prosecutors are far from finished.
The U.S. Department of the Treasury is beginning the long process of translating the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act into practice. On September 19, Treasury issued an Advance Notice of Proposed Rulemaking (ANPRM), inviting public comment on how the law should be implemented. The request is not about imposing new requirements just yet, it is the first opportunity for stakeholders and the broader public to weigh in on how the U.S. will regulate payment stablecoins in the years ahead.