GRC Report Staff

EU Supervisors Spotlight Digital Risk & Cyber Resilience as Financial System Evolves

The Joint Committee of the European Supervisory Authorities has laid out a year shaped by digital transformation, rising cyber threats, and growing scrutiny of sustainable finance, according to its newly published 2025 annual report. That shift is laid out in the latest annual report from the Joint Committee of the European Supervisory Authorities, which coordinates the work of the European Banking Authority, the European Insurance and Occupational Pensions Authority, and the European Securities and Markets Authority.

Italian Regulator Probes Vorwerk After Neato Robot Devices Allegedly Rendered Unusable

Italy’s competition watchdog has launched an investigation into Vorwerk over concerns that consumers were left with unusable devices after key digital services were switched off.

Sapia to Pay £19.6 Million to WealthTek Clients as FCA Rebukes Firm Over Client Money Failures

Sapia will pay more than £19.6 million to clients of WealthTek after UK regulators found the firm failed to put adequate safeguards around client money, exposing customers to the risk of loss.

AFM Steps Up Pressure on Financial Firms to Strengthen Digital Accessibility Compliance

In its latest update tied to the European Accessibility Act, the Netherland's Autoriteit Financiële Marktenthe laid out guidance for firms navigating accessibility requirements, while making clear that oversight will intensify in the months ahead. The aim is to ensure that people with disabilities can access and manage financial services independently in an increasingly digital environment.

EBA Urges Rethink of Commission Amendments to Operational Risk Framework

The European Banking Authority has raised concerns over proposed changes by the European Commission to key technical standards governing how banks calculate operational risk, cautioning that parts of the revisions could undermine consistency and supervisory effectiveness across the EU.

Live Nation Hit With $3.8 Million Fine as Polish Regulator Orders Consumer Refunds Over Contract Terms

The Polish Office of Competition and Consumer Protection found that provisions used by the events giant created confusion at venue entrances and imposed unfair hurdles on refunds for canceled shows. The regulator has imposed a fine of approximately $3.8 million (PLN 15.3 million) and ordered the company to compensate affected consumers.

Spain’s Competition Watchdog Urges Stronger Role for Market Forces in Anti-Corruption Push

Spain’s competition regulator, the National Commission on Markets and Competition, is released a formal opinon pressing for a sharper focus on competition as lawmakers move forward with a sweeping effort to strengthen public sector integrity.