EBA – Public Consultation on environmental, social, and governance (ESG) Risk Management

On January 18th, the European Banking Authority (EBA) published a draft of the Guidelines for the management of environmental, social, and governance (ESG) risks. These guidelines establish requirements that credit institutions must integrate into their processes for the identification, measurement, management, and monitoring of such risks. Given the constant challenges posed to the economy by […]

EIOPA – Recommendations to Strengthen POG Oversight

On 20 July 2023, the European Insurance and Occupational Pensions Authority (EIOPA) published its first report on the oversight of product governance requirements (Product Oversight and Governance – POG). The report focuses on the supervisory activities conducted by the national supervisory authorities concerning the implementation of POG requirements by insurance companies within the European Economic […]

DATA BREACH: The Italian Privacy Authority Sanctions UniCredit S.p.A. for 600.000 Euro

With an injunction order dated 10 June 2020, the Privacy Guarantor ordered Unicredit S.p.A. to pay € 600.000 following a given breach caused by abusive access to the personal data of over 700.000 customers. The abusive accesses, concerning a multiplicity of information, had been made using the utilities of some employees of an external business […]