In an increasingly interconnected world, cybersecurity has become a critical concern. Digital threats are constantly evolving, and cybercriminals are constantly looking for new ways to exploit vulnerabilities in systems and networks.
The World Bank’s permanent committee ICCR (International Committee on Credit reporting) held last week its “Fall Plenary Meeting 2023”. The committee discussed the status and developments in the credit reporting industry as well as future trends and innovations to improve the current reporting systems.
FEBIS Working Group on “Late Payments”, which objective is to increase and share the knowledge on this topic has released a second edition about the situation in some countries, not only on legal aspects, but also on the best practices and the impact of late payments in the economy.
FEBIS Working Group on “Late Payments”, which objective is to increase and share the knowledge on this topic has released a first version about the situation in some countries, not only on legal aspects, but also on the best practices and the impact of late payments in the economy.
In her State of the Union address in September 2022, President von der Leyen announced the revision of Directive 2011/7/EU on combating late payments in commercial transactions. This measure is one of the measures that will be put in place to put an end to the culture of late payments. An essential aspect is the lack of transparency, and the creation of an Observatory is one of the main measures of this project.
The U.K. released its draft data protection reform of its General Data Protection Regulation on March 8, 2023. The Data Protection and Digital Information (No. 2) Bill has therefore been introduced to Parliament.
This event leaned on valuable insights on corporate reporting and challenges and opportunities lying ahead, especially with the fresh adoption of the Corporate Sustainability Reporting Directive (CSRD), in November 2022 which will make businesses more publicly accountable by obliging them to regularly disclose information on their societal and environmental impact.
A new legal mechanism to allow for transfers of personal data between the EU and the U.S. is now advancing after an October 7th, 2022 Executive Order was issued by U.S. President Biden (the “Executive Order”).