GRC Report Staff

Nearly every senior AI executive surveyed by EY says their organization has formal rules governing artificial intelligence. Nearly half say those rules have been bypassed when a deployment was urgent. That runs through EY's new AI Risk and Governance Survey, which found that large US companies are rapidly putting AI and autonomous agents to work while struggling to keep their governance processes aligned with the technology.

The United States has asked an EU court for a place in the legal fight over the European Commission’s €120 million fine against X, arguing that the case reaches beyond one social media platform and into the limits of European authority over American companies and their owners.

Texas Attorney General Ken Paxton has announced an investigation into data center developments that have not responded to the Texas Water Development Board’s Water Use Survey. His office said the investigation is ongoing and is intended to ensure data centers provide accurate, current information about their water use.

The European Banking Authority has urged the European Commission to use its review of the Markets in Crypto-Assets Regulation to strengthen safeguards around certain stablecoin arrangements, clarify which crypto-assets fall within the law and consider bringing crypto lending under regulatory rules. The recommendations amount to an early accounting of where Europe’s landmark crypto regime is holding and where experience has begun to expose uncertainty.

TikTok has agreed to pay a £12.7 million fine imposed by the Information Commissioner’s Office in 2023 after the company dropped two appeals against the UK’s data protection regulator, bringing one long-running children’s privacy case to an end and allowing another to move forward.. TikTok has separately abandoned its challenge to an information notice seeking documents and details about how it processes teenagers’ personal information through its recommender systems. The first case reaches back to TikTok’s handling of children under 13, who were not supposed to be on the platform in the first place.

For nearly a decade, retailers buying pet food and supplies from Plaček Pet Products were not entirely free to decide what those products would cost when they reached the shelf. The Czech Office for the Protection of Competition said the distributor set minimum retail prices for dog and cat food and other pet supplies from Jan. 17, 2013, through March 3, 2022, requiring its customers to follow them. The conduct has now resulted in a fine of about $1.7 million (CZK 36.438 million).

Europe’s financial system has spent much of 2026 absorbing shocks without looking particularly shaken by them. Markets have lurched with geopolitical events and energy prices. Cyber threats have persisted. New technologies have developed faster than the institutions charged with overseeing them can comfortably digest. Through it all, European banks, insurers and investment funds have remained remarkably sturdy.