All Europe articles – Page 52
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Article
Brexit: 'No-deal' option rejected; delay vote coming
A day after voting down Prime Minister Theresa May’s proposed Brexit deal for the second time, the U.K. Parliament voted Wednesday to reject leaving the European Union without a deal by a 321-278 margin.
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Article
U.K. government unveils reform plan for modern work practices
In response to a July 2017 review of modern working practices, the U.K. government has issued a long-awaited package of legislation, regulation, and reforms. The “Good Work Plan” sets out seven principles to address challenges facing the U.K. labour market.
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ArticleNew, tough regulator to oversee U.K. audit
The U.K. Financial Reporting Council will soon be replaced by a new regulator acting on recommendations from Sir John Kingman of the London Stock Exchange. The government hopes to ensure the United Kingdom going forward has “a world-class audit and accounting regulator.”
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Article
Swedbank faces scrutiny over money laundering allegations
Legal pressure against Stockholm-based Swedbank, one of several banks at the center of a massive money laundering scandal, continues to escalate.
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ArticleU.K. gender pay gap reports rife with defects
A new report from U.K. organization paygaps.com says that compliance with gender pay regulations and guidance is still very weak.
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ArticleTed Baker CEO resigns following ‘hugging’ allegations
Ray Kelvin, the CEO and founder of fashion retailer Ted Baker, has resigned following allegations of sexual misconduct made against him last December.
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BlogAutoliv, TRW fined €368M for breaching EU antitrust rules
Autoliv and TRW became the latest automotive-safety equipment suppliers to be fined by the European Commission for cartel activity to the tune of €368 million (U.S. $416 million) for breaching EU antitrust rules. For revealing the cartel activity to the Commission, Takata was not fined.
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Article
Facebook facing probes in Ireland
Facebook is the subject of 10 investigations by Ireland’s privacy regulator into whether the company and its subsidiaries have violated European Union privacy law—part of 15 probes the regulator has opened up against major tech firms headquartered in the country.
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PodcastCédric Dubar on tone at the middle
Cédric Dubar, chief compliance & ethics officer at Volvo Car Group, details to columnist Tom Fox how tone at the middle can benefit the leadership structure of a company.
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BlogU.K.-U.S. authorities reach post-Brexit derivatives trading deal
The U.S. Commodity Futures Trading Commission and the Bank of England—including the Prudential Regulation Authority and the U.K. Financial Conduct Authority—on Monday issued a joint statement finalizing a post-Brexit derivatives trading deal.
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BlogMay gives MPs vote to delay Brexit
U.K. Prime Minister Theresa May has offered Members of Parliament the chance to vote on delaying Brexit if her deal is voted down next month.
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Blog
The U.K.’s coming auditor rotation nightmare
Noting that a number of U.S. headquartered banks are due to rotate their U.K. subsidiary auditor soon, the FRC said this would result in the group auditor in the U.S., which is not required to rotate, being different from the U.K. subsidiary auditor. What then?
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BlogLabour says no to no-deal Brexit, yes to second referendum
The U.K. Labour Party announced it would push forward an amendment to the government’s Brexit motion that would make its “credible alternative plan” the Brexit negotiating position.
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Blog
U.K. supermarkets collaborate to embed responsible recruitment practices in their supply chains
U.K. supermarkets—including Aldi, Co-op, M&S, Sainsbury’s, Tesco, and Waitrose & Partners—have joined together as founding sponsors of the Responsible Recruitment Toolkit to offer expert, pragmatic support to their suppliers to help them achieve responsible recruitment in their supply chains.
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Blog
SFO names new general counsel
The U.K. Serious Fraud Office named Sara Lawson as its new general counsel, effective 1 May 2019. Lawson replaces Alun Milford, who left the post late last year for Kingsley Napley after six years with the SFO.
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BlogMay delays Brexit vote to March 12
Prime Minister Theresa May has pushed back Parliament’s chance to vote on the United Kingdom’s Brexit deal until 12 March—just 17 days before the country is supposed to leave the European Union.
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Blog
ACC opens new Europe headquarters in Brussels
The Association of Corporate Counsel, a global legal association representing more than 45,000 in-house counsel employed by over 10,000 organizations in 85 countries, has opened its first office in Brussels. It will serve as the nucleus of ACC in Europe, led by new managing director Giuseppe Marletta.
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Blog
SFO faces criticism for closing Rolls-Royce, GSK cases
The U.K. Serious Fraud Office closed two long-running bribery and corruption cases against Rolls-Royce and GlaxoSmithKline—a decision that casts further doubt around the effectiveness of the SFO’s investigatory powers and makes companies question the purpose of entering a deferred prosecution agreement at all.
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Blog
U.K. committee slams Facebook as chief visits Zuckerberg
Facebook behaves like a “digital gangster,” has deliberately broken privacy and competition law, and should be subject to statutory regulation urgently, according to a U.K. parliamentary report.
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BlogE3 moves to circumvent U.S. sanctions on Iran
The E3 has set up a special trade channel designed to allow companies in the European Union to circumvent U.S. sanctions in an effort to continue humanitarian trade with Iran.