GRC Report Staff

If you want to know where the future of ESG assurance is headed, don’t just look at regulation, look at what the leaders are actually doing. According to KPMG’s ESG Assurance Maturity Index 2025, the companies out in front aren’t waiting for lawmakers to finish arguing over reporting standards. They’re already investing in technology, engaging their boards, and expecting real business payoffs from sustainability assurance.

The Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) have issued a joint notice of proposed rulemaking aimed at sharpening supervisory attention on material financial risks, while providing banks with greater clarity on supervisory expectations.

The European Banking Authority (EBA) has reported substantial improvements in how EU and EEA Member States supervise banks for money laundering and terrorist financing risks, marking the conclusion of a six-year review project.

Australia’s corporate watchdog has delivered a stern warning to the audit sector after uncovering what it called “concerning” failures in compliance with auditor independence obligations.

The UK’s audit watchdog has sanctioned KPMG and one of its senior partners, Anthony Sykes, for serious lapses in their 2022 audit of online retailer N Brown Group.

Insurance giant IAG New Zealand Limited has been ordered to pay a pecuniary penalty of $11.6 million (NZD 19.5 million) after admitting to widespread fair dealing breaches, marking one of the most significant enforcement outcomes in New Zealand’s financial services sector.

The Competition and Consumer Commission of Singapore (CCS) has released a new Guide on Quality-Related Claims to help businesses ensure their marketing practices are clear, accurate, and backed by evidence. The move comes amid rising concerns over greenwashing and recent enforcement actions against misleading advertising.