All Europe articles – Page 56
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Article
CMA looks at tackling Big Four’s stranglehold of U.K. audit market
The audit market is facing serious scrutiny from the U.K. Competition and Markets Authority, which hopes to carve out external audit from consulting, impose a “joint audit” regime, and increase audit committee chair accountability.
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Blog
FRC issues corporate governance principles for private companies
The Financial Reporting Council (FRC) issued its long-awaited corporate governance standards for private companies, providing a framework to help the companies meet legal requirements and improve and disclose their governance.
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Article
Ted Baker launches probe into CEO ‘hugs’
Ray Kelvin, the founder of fashion retailer Ted Baker, stands accused of giving unwanted hugs to employees and has stepped down temporarily amid an investigation into allegations of sexual misconduct against him.
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Blog
Amid likely defeat, May delays Brexit vote by MPs
Amid faltering odds that became apparent during three days of debate, British Prime Minister Theresa May has, at least temporarily, withdrawn her much-maligned Brexit plan from Parliamentary voting consideration.
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Article
MPs release ‘secret’ Facebook e-mails
The U.K.’s Digital, Culture, Media and Sport (DCMS) Committee has released 250 pages of e-mails that show Mark Zuckerberg and other senior executives at Facebook gave certain app developers special access to user data.
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Blog
Anti-corruption efforts in sports gaining global steam
More than 100 ministers, international sports organizations, and experts from around the world met in London on Dec. 6 to reaffirm their global commitment toward tackling corruption in sport.
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Blog
Big Four split on solutions to industry’s problems
Deloitte and KPMG have gone further than EY and PwC in their comments to the current CMA review of the industry, but it seems unlikely the members of the Big Four won't get on the same page.
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Blog
Deutsche Bank offers more details on Panama Papers raid
Deutsche Bank has provided more details on a two-day raid, in which German prosecutors searched several Deutsche Bank offices, in connection with the Panama Papers. The case also imparts some important compliance lessons.
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ArticleGDPR, Brexit keep compliance on its toes
The EU’s General Data Protection Regulation and Britain’s upcoming divorce from the European Union both have a tremendous impact on European compliance, but strategizing solutions around either one has proven to be difficult due to a lack of guidance and, in the case of Brexit, just plain chaos.
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ArticleRegulators raise problem of AI in decision making and accountability
Are companies transferring too much decision-making power to machines? That’s the opinion of EU data regulators, who say companies should “think seriously” about telling investors and stakeholders automatons are now in charge of their data.
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Article‘No-deal’ Brexit risks U.K. and EU data transfer problems
In the event of a ‘no-deal’ Brexit, EU data commissioners are warning of data transfer restrictions between the European Union and the United Kingdom, which will be treated as a third country.
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ArticleCompliance is feeling GDPR’s growing pains
Six months after its enactment, the EU’s data privacy regulation still hasn’t provided the clarity many were looking for … and it might not come for a while yet.
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ArticlePrivacy advocate Schrems foresees lax enforcement of GDPR
Speaking at the recent Compliance Week Europe conference in Amsterdam, leading privacy campaigner Max Schrems cast doubt on whether the newly enacted GDPR would have any teeth.
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Blog
SFO secures more convictions in F.H. Bertling corruption case
Stephen Emler and Giuseppe Morreale pleaded guilty for their part in a corrupt scheme to secure a ConocoPhillips freight forwarding contract, worth over £16m, for logistics and freight operations company F.H. Bertling as part of the ‘Jasmine’ North Sea oil exploration project, the U.K. Serious Fraud Office announced.
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ArticleBrexit deal: Take it or leave it?
British Prime Minister Theresa May’s proposed Brexit deal has been controversial, but there appears to be very little room for negotiation if it is scrapped.
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Article
Undaunted, May holds line on Brexit as chaos swirls
A draft plan for how the United Kingdom will engineer its split from the European Union is not going over well with many British Prime Minister Theresa May is counting on.
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Article
Brexit deal passes a milestone, questions remain
U.K. Prime Minister Theresa May managed to convince her cabinet to back a draft Brexit deal. What comes next?
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Blog
SFO joint head of fraud: ‘Engage now or hide behind smoke and mirrors at your peril’
Hannah von Dadelszen, the U.K. Serious Fraud Office’s joint head of fraud, in recent remarks offered some useful insight as to how a company should engage with the SFO if it chooses to self-report misconduct.
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Blog
U.K. money laundering task force launched; watch out McMafia!
A new U.K. initiative aims to enhance processes for catching fraudsters and financial service abusers while educating industry and government agencies on how to identify and prevent economic crime.
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Article
EU regulator pushes for global consensus on data ethics
European Data Protection Supervisor Giovanni Buttarelli trumpeted the urgent need for a worldwide data ethics accord at a recent conference, warning that the rapid advance in global digital technologies mandates a global consensus on privacy.