GRC Report Staff

Senior figures from across Canada's audit ecosystem recently gathered for a roundtable co-hosted by the Office of the Superintendent of Financial Institutions, the Canadian Public Accountability Board, and the Canadian Securities Administrators. Around the table were representatives from audit firms, accounting professional bodies, standard setters, and regulatory authorities, all working through a shared concern on how to maintain confidence in financial reporting as the underlying risk environment becomes harder to read.

The European Securities and Markets Authority is untangling one of the more persistent challenges in European financial regulation, how to make reporting simpler without losing the data regulators rely on.

The Federal Trade Commission is moving to restrict how one of the data broker industry’s more prominent players handles location data, proposing a settlement that would prohibit Kochava and its subsidiary Collective Data Solutions from selling or sharing sensitive location information unless consumers have clearly agreed to it.

The European Commission is trying to smooth the runway for its deforestation regulation before it begins applying at the end of the year, publishing a new simplification package meant to give companies, EU countries and trading partners more certainty over how the rules will work in practice.

The Monetary Authority of Singapore is stepping deeper into the use of artificial intelligence to counter financial crime, announcing a new collaboration with the banking sector and key public agencies aimed at strengthening scam detection capabilities.

Belgium’s competition watchdog has ordered AutoScout24 to reinstate the flow of sellers’ listing data to a competing platform, stepping in with interim measures it says are needed to prevent immediate harm in the country’s online car sales market.

Europe’s insurance sector remains broadly stable, but rising geopolitical tensions and market volatility are beginning to shape a more uncertain outlook, according to the latest risk dashboards from the European Insurance and Occupational Pensions Authority.