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INTENSIVE LOBBYING BY COMPANIES AND AUDITORS RESULTS IN VICTORY

Europe retreats from SOX-style bill

BRUSSELS – New European Union (EU) corporate governance legislation is firmly off the agenda for the next few years, according to a new statement released by the European Corporate Governance Forum at the end of July.

The EU has looked, and looked again, at implementing a Sarbanes-Oxley-like system of internal control reporting. The Enron and Worldcom scandals first drew attention to this area, and

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Emerging trends in op risk

Karen Man, partner and member of the global financial institutions leadership team at Baker McKenzie, discusses emerging op risks in the wake of the Covid‑19 pandemic, a rise in cyber attacks, concerns around conduct and culture, and the complexities of…

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