U.S. Securities and Exchange Commission (SEC) Commissioner Caroline A. Crenshaw issued a strongly worded statement on July 23 criticizing the agency’s response to a federal court order in ongoing litigation over its climate-related disclosure rules.
The UK’s audit and accounting watchdog is not only staying busy, it’s getting faster, leaner, and more strategic. That’s the story behind the Financial Reporting Council’s newly published 2024–2025 Annual Enforcement Review, which offers a candid look at the regulator’s performance over the past year and hints at big changes on the horizon.
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.
Two U.S. subsidiaries of MGI International LLC (Global Plastics LLC and Marco Polo International LLC) have agreed to pay $6.8 million to resolve civil liability under the False Claims Act for failing to pay customs duties on Chinese plastic resin imports. The companies, based in New Hampshire and New York respectively, admitted to undervaluing goods and mis-declaring their country of origin between 2019 and 2024, according to a Justice Department press release issued Wednesday.
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.
As Germany scrambles to catch up on implementing the EU’s updated cybersecurity directive, the country’s leading business group is warning lawmakers not to let good intentions get lost in bad bureaucracy.
The Australian Energy Regulator (AER) is keeping consumers front and center in the fight for fairness. In its newly released 2024–25 compliance and enforcement report, the regulator laid out a year’s worth of action designed to hold energy companies accountable and ensure that vulnerable Australians aren’t left in the dark.