GRC Report Staff

EU Lawmakers Press for Sharper Digital Markets Act Enforcement as AI & Cloud Shift the Stakes

The European Parliament is urging regulators to pick up the pace in enforcing the Digital Markets Act, warning that delays, modest penalties, and rapidly evolving technologies risk undermining one of the bloc’s most consequential competition laws.

Italy Presses AI Firms to Put “Hallucination” Risks Front & Center

Italy’s antitrust authority has quietly drawn a line under three investigations into leading artificial intelligence providers, using the cases to tell users, clearly and upfront, when the technology might be wrong.

ESMA Looks to Define How Global ESG Ratings Are Brought Into the EU Rulebook

The European Securities and Markets Authority is shaping how environmental, social and governance ratings are used across borders, launching a public consultation on draft guidelines tied to the ESG Ratings Regulation.

Kroger Agrees to $100 Million Overhaul After DOJ Finds Widespread Refrigerant Control Failures

The U.S. Department of Justice has unveiled a proposed settlement with The Kroger Company, resolving allegations that the grocery chain violated the Clean Air Act by failing to properly manage leaks of ozone-depleting refrigerants at stores nationwide.

APRA Warns AI Risk Controls Are Falling Behind as Financial Sector Accelerates Adoption

The Australian Prudential Regulation Authority is urging banks, insurers and superannuation trustees to move faster, and think harder, about how they govern artificial intelligence, warning that risk controls are struggling to keep pace with the technology’s rapid expansion across the financial system.

European Football Set for AML Overhaul as EU Targets Clubs & Agents

European football is heading toward one of its most significant regulatory shifts in decades, as the European Union prepares to bring professional clubs and agents into its anti-money laundering framework by July 2029. The move, driven by a sweeping reform package adopted in 2024, reflects growing concern among policymakers that the sport’s global scale, financial complexity, and opaque ownership structures make it vulnerable to illicit financial activity.

South Korea Reworks Privacy Policy Rules to Reflect the Realities of Generative AI

South Korea’s Personal Information Protection Commission is adjusting how it expects companies to explain their data practices, updating its Guidelines on Writing a Privacy Policy to better reflect how information is actually handled in an era shaped by generative AI and on-device computing.