Compliance

REPORT on the implementation of the Common Market Organisation (CMO) Regulation in fisheries and aquaculture – Regulation (EU) 1379/2013 - A9-0406/2023

Retrieved on: 
Wednesday, January 3, 2024
Marketing, PO, Fish products, Habit, Izaskun Bilbao Barandica, CMO, European, Health, Certification, Solution, COVID, TFEU, Food, Intention, European Economic Community, OJ, Communication, Database, Conference, Council, POS, ISO 22000, PPE, Legislation, Green Deal, Aquaculture, Fraud, Common, Commission, Left, PDO, Science, Policy, European Parliament, MAC, Person, IUU, Civil service commission, CFP, Efficiency, ID, Shellfish, Time, Treaty, FAO, COM, European Commission, Sustainable Development Goals, Sale, S&D, Investor, Cooperative, Research, Food safety, Farmer, Regional fishery body, Compliance, INI, Confusion, Association, COVID-19, Adoption, Investment, Committee, PMP, Fishing

REPORT on the implementation of the Common Market Organisation (CMO) Regulation in fisheries and aquaculture – Regulation (EU) 1379/2013Committee on FisheriesIzaskun Bilbao Barandica Source : © European Union, 2023 - EP

Key Points: 


REPORT on the implementation of the Common Market Organisation (CMO) Regulation in fisheries and aquaculture – Regulation (EU) 1379/2013Committee on FisheriesIzaskun Bilbao Barandica Source : © European Union, 2023 - EP

Frank Elderson: Powers, ability and willingness to act – the mainstay of effective banking supervision

Retrieved on: 
Wednesday, January 3, 2024
People, Lehman Brothers, Risk, Regulation (European Union), DNA, Reproduction, Silicon Valley Bank, European Court, Intention, Communication, Risk management, Review, SVB, OJ, Federal Reserve, Materiality, Regulation, Frankfurt, Prudential, Board of directors, Speech, Benchmarking, Supervisory board, Safety, Climate, Aggregation, Central bank, IMF, Justice, Civil service commission, European Central Bank, International Monetary Fund, Silicon, Time, Treaty, Federal, ECB, Credit Suisse, Policy, European Commission, Eye, Compliance, Evaluation, SSM, Audit, BCBS, Observation, Bank

Communication shocks from the US spill over to risk in the euro area and vice versa, but traditional US shocks show no spillover effects to risk.

Key Points: 
  • Communication shocks from the US spill over to risk in the euro area and vice versa, but traditional US shocks show no spillover effects to risk.
  • Both monetary policy and communication shocks spill over to stocks, with euro area information spillovers being particularly strong.

An opportunity to review and improve the EU’s bank crisis management framework

Retrieved on: 
Wednesday, January 3, 2024
Lehman Brothers, Financial Stability Board, Learning, GFC, Risk, DGS, Union, Silicon Valley Bank, Risk management, Global, SRF, Single Resolution Board, Bankruptcy, EDIS, Banco Popular, FSB, See, Speech, UBS, Public sector, Safety, Finance, Commission, Opinion, Central bank, Fear, IMF, SRB, Civil service commission, CHF, Insurance, European Central Bank, International Monetary Fund, Silicon, Household, ECB, ESM, Credit Suisse, European Commission, Eligibility, Single Resolution Mechanism, Bank, Failure, Sale, Credit, Gaps, Compliance, Sis, Signature Bank, COVID-19, Investment, Review, Committee, National bank, Bank failure, Pressure, Buffer

This article analyses the European crisis management framework for banks. It concludes that key areas for improvement are the crisis management options for small and medium-sized banks as well as preparedness for systemic crises. The European Commission’s reform proposal represents an opportunity to implement the lessons learned over the last decade.

Key Points: 


This article analyses the European crisis management framework for banks. It concludes that key areas for improvement are the crisis management options for small and medium-sized banks as well as preparedness for systemic crises. The European Commission’s reform proposal represents an opportunity to implement the lessons learned over the last decade.

FTC Sues 7-Eleven for Anticompetitive Acquisition in Violation of 2018 Consent Order

Retrieved on: 
Wednesday, January 3, 2024
Federal Trade Commission, 7-Eleven, Acquisition, Blog, Complaint, Compliance, News, District, FTC, Social media, Commission, District court

The FTC is seeking a civil penalty for a four-year violation period, starting when 7-Eleven acquired the outlet without giving the required notice.

Key Points: 
  • The FTC is seeking a civil penalty for a four-year violation period, starting when 7-Eleven acquired the outlet without giving the required notice.
  • The consent order stems from 7-Eleven’s $3.3 billion acquisition of more than 1,000 retail fuel outlets with attached convenience stores from Sunoco in 2018.
  • According to the complaint, 7-Eleven’s acquisition of the St. Petersburg outlet was an undisputed violation of the 2018 consent order since this location was specifically listed as an outlet that could not be acquired without first providing prior notice to the FTC.
  • For the latest news and resources, follow the FTC on social media, subscribe to press releases and read our blog.

FTC Approves Final Order Settling Horizon Therapeutics Acquisition Challenge

Retrieved on: 
Wednesday, January 3, 2024
Federal Trade Commission, Pharmacy, Sale, FDA, Acquisition, Blog, Graves' ophthalmopathy, Compliance, News, FTC, Social media, Commission, Pharmaceutical industry

The Federal Trade Commission today finalized a consent order that resolves potential competitive harm stemming from Amgen Inc.’s acquisition of Horizon Therapeutics plc.

Key Points: 
  • The Federal Trade Commission today finalized a consent order that resolves potential competitive harm stemming from Amgen Inc.’s acquisition of Horizon Therapeutics plc.
  • Under the final consent order, Amgen is prohibited from bundling an Amgen product with either Tepezza or Krystexxa, Horizon’s medications used to treat thyroid eye disease and chronic refractory gout, respectively.
  • Following a public comment period, the Commission voted 3-0 to approve the final order and to appoint Ms. Hilleman as monitor.
  • For the latest news and resources, follow the FTC on social media, subscribe to press releases and read our blog.

EDPB Urgent Binding Decision on processing of personal data for behavioural advertising by Meta

Retrieved on: 
Tuesday, January 2, 2024
Meta, European Economic Area, DPC, DPA, Compliance, EDPB, LSA

The urgent binding decision followed a request from the Norwegian Data Protection Authority (NO DPA) to take final measures in this matter that would have effect in the entire European Economic Area (EEA).

Key Points: 
  • The urgent binding decision followed a request from the Norwegian Data Protection Authority (NO DPA) to take final measures in this matter that would have effect in the entire European Economic Area (EEA).
  • The Irish DPC has notified Meta on 31/10 about the EDPB Urgent Binding Decision.
  • Already in December 2022, the EDPB Binding Decisions clarified that contract is not a suitable legal basis for the processing of personal data carried out by Meta for behavioural advertising.
  • It is high time for Meta to bring its processing into compliance and to stop unlawful processing.”

EDPB publishes urgent binding decision regarding Meta

Retrieved on: 
Tuesday, January 2, 2024
Meta, European Economic Area, European Commission, GDPR, European Data Protection Board, DPA, Civil service commission, Compliance, EDPB, Adoption, Art, Time, Timeline

The EDPB urgent binding decision followed a request from the Norwegian Data Protection Authority (NO DPA) to order final measures in this matter which would have effect in the entire European Economic Area (EEA).

Key Points: 
  • The EDPB urgent binding decision followed a request from the Norwegian Data Protection Authority (NO DPA) to order final measures in this matter which would have effect in the entire European Economic Area (EEA).
  • Already in December 2022, the EDPB Binding Decisions clarified that contract is not a suitable legal basis for the processing of personal data carried out by Meta for behavioural advertising.
  • In addition, Meta has been found by the IE DPA to not have demonstrated compliance with the orders imposed at the end of last year.
  • Already in December 2022, the EDPB Binding Decisions clarified that contract is not a suitable legal basis for the processing of personal data carried out by Meta for behavioural advertising.
  • This ban was limited in time and geographic scope: it was valid for three months and only applicable in Norway.

Background


Timeline

EDPB: cookie pledge initiative should help protect fundamental rights and freedoms of users

Retrieved on: 
Tuesday, January 2, 2024
Compliance, European Commission, GDPR, Fatigue, EDPB, Letter, Exercise, Civil service commission

During its latest plenary, the EDPB adopted a letter in response to the European Commission regarding the cookie pledge voluntary initiative.

Key Points: 
  • During its latest plenary, the EDPB adopted a letter in response to the European Commission regarding the cookie pledge voluntary initiative.
  • The EDPB welcomes the Commission’s initiative, which aims to help protect the fundamental rights and freedoms of users, to empower them to make effective choices, and to increase transparency towards users
    The cookie pledge initiative was developed by the European Commission in response to concerns regarding the so-called “cookie fatigue” phenomenon and consists of a voluntary business pledge to simplify the management of cookies and personalised advertising choices by consumers.
  • On 10 October 2023, the European Commission asked the EDPB to consider whether any of the draft pledge principles would be contrary to the GDPR and the ePrivacy Directive.
  • Furthermore, the EDPB flags that adherence to the cookie pledge principles by organisations does not equal compliance with the GDPR or ePrivacy Directive.

FPF and OneTrust Release Collaboration on Conformity Assessments under the proposed EU AI Act: A Step-by-Step Guide & Infographic 

Retrieved on: 
Tuesday, January 2, 2024
Robustness, NLF, Test management, European Commission, Guide, Conformity, OneTrust, Civil service commission, Compliance, AI, Future of Privacy Forum, AIA, FPF, Technical documentation, Organization, Medical device

FPF and OneTrust Release Collaboration on Conformity Assessments under the proposed EU AI Act: A Step-by-Step Guide & Infographic

Key Points: 
  • FPF and OneTrust Release Collaboration on Conformity Assessments under the proposed EU AI Act: A Step-by-Step Guide & Infographic
    Today, the Future of Privacy Forum (FPF) and OneTrust released a collaboration on Conformity Assessments under the proposed EU AI Act: A Step-by-Step Guide and accompanying Infographic.
  • Conformity Assessments are a key and overarching accountability tool introduced in the proposed EU Artificial Intelligence Act (EU AIA or AIA) for high-risk AI systems.
  • Key aspects of the Guide and Infographic include:
    - Information and background about the proposed EU AI Act & Conformity Assessments.
  • For more information about the EU AIA, Conformity Assessments, and the Guide and Infographic, please contact Katerina Demetzou at [email protected].