Financial Services

The European Parliament on Thursday rejected a deal with EU governments on a legislative proposal to boost retail investment in the bloc. The rejection leaves the future of the legislation uncertain, with opposition from l...(read more)

Indonesia's financial regulators are strengthening cybersecurity defenses amid heightened cyber threats to banks and other financial institutions. The Financial Services Authority and Bank Indonesia have activated cyber in...(read more)

Companies offering AI shopping agents would have to let consumers set purchasing limits and choose which transactions require approval under the European Commission’s proposed Digital Fairness Act. The proposal seeks to pr...(read more)

Europe’s computer games industry has called for an urgent reassessment of the Digital Fairness Act, proposed on Wednesday, warning that it could undermine competitiveness, create legal uncertainty and reduce players’ choic...(read more)

Digital businesses including social media operators, booking platforms and online retailers could come under direct investigation by the European Commission and face fines of up to 6 percent of worldwide annual turnover fo...(read more)

Simplified EU sustainability reporting standards entered into force Tuesday, cutting mandatory datapoints by more than 60 percent and introducing additional reporting flexibility. The revised standards become mandatory for...(read more)

The "cumulative effect" of increasingly complex EU laws poses fresh challenges for the EU’s lower-tier General Court, its new president, Savvas Papasavvas, said. He stressed that the judiciary was keeping pace with expandi...(read more)

A UK shareholder in Touchstone Exploration who faked a £154 million takeover bid for the Canadian oil company escaped jail on Tuesday, after pleading guilty to fraud and forgery charges. Christopher Woolcott invented sever...(read more)