What happens to a bank’s balance sheet when climate policy tightens and the real economy isn’t quite ready for it? That’s the kind of question Japan’s financial authorities are starting to ask more seriously, and they’ve just completed their second round of climate stress testing to try to get a clearer picture.
The UK’s newly released 2025 National Risk Assessment of Money Laundering and Terrorist Financing (NRA) marks a critical turning point in how financial crime risk is expected to be understood, assessed, and managed.
In my last article, we introduced GRC 7.0 – GRC Orchestrate, a transformative shift in how we understand Governance, Risk Management, and Compliance. This new model reimagines GRC not as a collection of isolated tools and tasks, but as an integrated, dynamic capability. One that aligns performance, integrity, and strategy across the enterprise in real time.
Business decisions should be grounded in well-calculated risks, and today, most decisions adhere to this principle. However, to make informed choices, leaders rely on timely, high-quality data, including economic forecasts, competitor analysis, sales data, buying patterns, and more. They must interpret this data, eliminate distractions, and, in essence, predict future trends.
The #RISK New York conference made a powerful return on July 9–10, drawing over 500 delegates to Fordham Law School for what has quickly become a cornerstone event in the Governance, Risk, and Compliance (GRC) calendar. Held in the heart of Manhattan, the two-day conference delivered a dynamic blend of expert-led sessions, forward-thinking workshops, and high-impact networking that energized the global GRC community.
European insurers are making notable headway in incorporating climate change into their risk frameworks, but hurdles like inconsistent methodologies, patchy data, and short planning horizons still stand in the way of fully embedding climate risks into decision-making. That’s the key takeaway from the European Insurance and Occupational Pensions Authority (EIOPA)’s latest Monitoring Exercise on the Use of Climate Change Scenarios in the ORSA, published alongside a public statement this week.
France’s financial watchdog and its anti-corruption agency are sounding the alarm over organized criminal networks that are targeting professionals with access to inside information, and they’re getting better at it.