Europe cracks down on forced labour

The European Union plans to crack down on forced labour by banning products made by victims of modern slavery.

The proposals cover products made in the European Union (EU) and imports that use such labour. They target goods in Read more

ESG disclosure needs more detail

ESG disclosure by US fund managers needs more detail if it is to be meaningful, according to market insight consultancy Util.

It said managers using the UN Sustainable Development Goals must report on the Environment, Social and Governance Read more

UK and Hungary governments launched windfall taxes

The governments of the UK and Hungary launched windfall taxes to tackle the rises in living costs because of soaring energy prices.

In the UK, chancellor Rishi Sunak announced a 25 per cent energy profit levy, which increased taxes Read more

Deadline for operational resilience imminent

The deadline for operational resilience measures mandated by the UK financial regulator the FCA is imminent.

From the end of March financial services firms must demonstrate they have a grip on operational risk in core services. The rules are Read more

US considering digital bill of rights

The US government may create a digital bill of rights to protect people against artificial intelligence technologies.

The White House’s Office of Science and Technology Policy is looking at how biometric technologies – such as facial recognition impact people. Read more

Surveillance regulations could block products

Online platforms could see European Union (EU) surveillance regulations block products for sale when they come into force this month.

While those who manufacture import and deliver products still carry the responsibility for making their products safe, online platforms Read more

Solvency II consultation opportunity to improve risk management, says IRM

A wide-ranging review of how financial services firms are regulated could be an opportunity to improve risk management, IRM has said in its response to consultation on the issue.

“This review represents an opportunity to improve the maturity of Read more

FCA keeps an eye on disappearing cash

With access to free cash disappearing from some highstreets, the UK regulator the Financial Conduct Authority (FCA) has issued fresh guidance to banks and financial institutions on the provision of ready money.

The regulator has told banks and building Read more