GRC Report Staff

OpenAI Flags Rising Cyber Threat as Next-Generation Models Advance

OpenAI is cautioning that its next wave of frontier AI systems is on track to reach “high” cybersecurity risk levels, a threshold the company says would meaningfully increase the number of people capable of executing sophisticated cyberattacks. The warning comes in a new internal assessment that was shared with Axios.

FCA Moves to Streamline Insurance Rules While Keeping Customer Protections Intact

The UK's Financial Conduct Authority (FCA) has confirmed a package of reforms designed to simplify insurance regulation, cut compliance costs, and give firms more flexibility, without weakening protections for smaller commercial customers.

Italian Regulator Probes Watch Giants Over Suspected Price-Fixing

Italy’s competition watchdog is turning up the pressure on two of the biggest names in global watchmaking. Citizen and Swatch now find themselves at the center of a high-stakes antitrust probe into whether they’ve been quietly calling the shots on retail pricing and punishing stores that don’t play along.

Dutch Authority Calls for Better Alignment Between Investor Sustainability Goals & What They’re Sold

Investment firms are making progress weaving sustainability into investment decision-making, but many still aren’t connecting the dots between what clients want and what they actually end up holding. That’s the latest from the Dutch Authority for the Financial Markets (AFM), which says firms need to improve how they align investor sustainability preferences with the true characteristics of investment products.

Religious Channel Penalized After Repeated Breaches of Broadcasting Rules

A religious channel that told viewers unlicensed products and prayerful outreach could fix everything from chronic illness to financial distress has been handed a £375,000 penalty by Ofcom. The regulator confirmed on 9 December 2025 that The Word Network repeatedly breached broadcasting rules, and in some cases did so even after earlier investigations had put the channel on notice.

U.S. Treasury Eyes New Power to Steer Anti-Money-Laundering Enforcement

The Treasury Department is positioning itself to take a more commanding role in how the U.S. fights illicit finance, with a draft proposal that could reshape the enforcement of anti-money-laundering (AML) rules across the banking system.

Spain’s Competition Regulator Refreshes Its Compliance Benchmark

The National Markets and Competition Commission (CNMC) of Spain has opened a public consultation to update its widely used “Guide to Compliance Programs in Relation to Competition Law.” First rolled out in 2020, the document quickly became a go-to reference for companies designing and evaluating internal controls to prevent antitrust violations.