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News >> Europe, Middle East and Africa

The United Kingdom Information Commissioner's Office (ICO) has published Protecting personal data in online services: learning from the mistakes of others (May 2014), a report that highlights the following "most common IT security vulnerabilities that have resulted in organisations failing to keep people's information secure":

Published in Information Security

The United Kingdom (UK) economic and finance ministry HM Treasury has issued a call for evidence (6 May 2014) in a review of "the institutional arrangements and processes [that] the [UK] financial services regulators use to make enforcement decisions". According to HM Treasury, the review "continues the [UK] [G]overnment's focus on strengthening accountability in the financial services industry" and follows in particular the government's actions to protect the integrity of the setting of the benchmark interest rate known as LIBOR and its legislating to redress the issue of banks becoming entities that are "too big to fail".

The United Kingdom Financial Conduct Authority (FCA) has banned (29 April 2014) former UBS trader John Hughes from the financial services industry under s. 56 of the Financial Services and Markets Act 2000 c. 8 for "failings related to US$2.3 billion [in] unauthorised trading losses by another trader [Kweku Adoboli]".

Published in Financial Integrity

The Information Commissioner's Office (ICO) has stated that it is investigating the circumstances of the sending out of an email by Virgin Media that allowed "individuals to reply to all of the other customers who received the same email by clicking on the 'reply all' response" and whether it constitutes a breach of the Data Protection Act 1998 c. 29 (UK).

The European Commission (EC) and International Labour Organization (ILO) have announced a new agreement to strengthen ties in the area of occupational safety and health at a conference on working conditions in Brussels on 28 April 2014.

The European Commission (EC) has released the following documents that aim to reform corporate governance:

The European Commission (EC) has announced that it has handed down more than €30.7 million in fines after finding that four entities "participated in a cartel to coordinate prices for steel abrasives in Europe for over six years". According to the EC, Ervin, Winoa, Metalltechnik Schmidt and Eisenwerk Würth "had contacts on a bilateral and multilateral basis to discuss key price components of their sales in the whole European Economic Area (EEA)".

Published in Competition

The United Kingdom Information Commissioner's Office (ICO) has made available the following documents (both dated 1 April 2014) from its enforcement action against home improvement company Amber UPVC Fabrications (Amber Windows), which made at least 524 unsolicited marketing calls between May 2011 and April 2013 to people who had registered with the Telephone Preference Service (TPS), in breach of The Privacy and Electronic Communications (EC Directive) Regulations 2003 No. 2426:

The United Kingdom Financial Conduct Authority (FCA) has fined (24 March 2014) Santander UK £12,377,800 after finding that the bank breached Principles 7 (Communications with clients) and 9 (Customers: relationships of trust) of the FCA's Principles for Business (February 2014) in the way it offered customers financial advice.

Published in Consumer Protection

German Beer Cartel Case: More Fines Imposed

03 Apr 2014
Written by World Watch

Germany's competition regulator the Bundeskartellamt (BKA) has announced fines further to those imposed in January 2014 (further information) in relation to "illegal price fixing agreements for beer".

Published in Competition

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