GRC Report Staff

Ofcom’s Approach to AI Governance & Ensuring Safe Innovation

AI is everywhere, and its presence is only growing, shaping how we interact online. For Ofcom, the UK’s communications regulator, this presents both an exciting opportunity and a challenge in how to support the incredible potential of AI while keeping the public safe from its risks.

EU Adopts New Cyber Crisis Management Blueprint to Strengthen Response

In a move that reflects both urgency and foresight, the European Union has adopted a revised Cybersecurity Crisis Management Blueprint. The newly updated framework, approved by EU Member States at a recent Council meeting, aims to fortify the Union’s ability to handle large-scale cyber incidents and crises. It’s a response to a growing reality of cyber threats evolving faster than ever, and the Union needs a well-coordinated plan to face these challenges head-on.

Canada's Competition Bureau Unveils New Guidelines to Combat Greenwashing

Canada’s Competition Bureau has released its final guidelines aimed at curbing greenwashing, a growing concern in the marketing world. The new framework provides businesses with clear instructions on how to make legitimate environmental claims about their products and operations under the country’s amended Competition Act. This new set of rules comes on the heels of Canada’s broader push to address deceptive marketing practices, particularly those related to environmental sustainability.

EDPB Unveils Final Guidelines on Data Transfers & Paves the Way for AI & Data Protection Training

The European Data Protection Board (EDPB) has recently finalized its much-anticipated guidelines on data transfers to third-country authorities. But the EDPB didn’t stop there. During its latest plenary, the Board also introduced two exciting initiatives aimed at enhancing skills in the rapidly evolving fields of AI and data protection, offering professionals a much-needed roadmap for navigating these complex, high-stakes areas. Let’s dive into the latest updates from the EDPB, which are not just about compliance, but also about empowering the next generation of data protection professionals.

New Developments in the EU’s National Cybersecurity Strategies

Cybersecurity has never been more crucial than it is today. To keep pace with the increasing number of threats, the European Union is taking a bold step forward with the unveiling of the updated National Cybersecurity Strategies (NCSS) Interactive Map, a game-changing platform from the European Union Agency for Cybersecurity (ENISA). Think of it as your go-to hub for all things EU cybersecurity, offering not only valuable insights but a fresh perspective on how nations are building their digital defenses.

Increased Credit Risks for Danish Financial Institutions Amid U.S. Developments

As political measures in the U.S. continue to evolve, with tariffs and a weakening dollar dominating the news cycle, Danish credit institutions are facing heightened credit risks. This trend was discussed extensively by the Danish Financial Supervisory Authority (DFSA) in a series of consultations with the largest credit institutions in Denmark in April 2025. These developments have led to increased uncertainty, especially in sectors dependent on export markets, and have prompted a reassessment of impairment needs across various portfolios.

Acting Comptroller Rodney E. Hood Discusses Regulatory Agenda at U.S. Chamber of Commerce Forum

Acting Comptroller of the Currency Rodney E. Hood recently addressed the U.S. Chamber of Commerce Capital Markets Forum, sharing insights into the Office of the Comptroller of the Currency’s (OCC) regulatory strategies aimed at modernizing financial oversight while maintaining the stability and resilience of the U.S. banking system. Hood emphasized the importance of balancing innovation with effective regulation to foster economic growth, financial inclusion, and institutional accountability.