GRC Report Staff

The Accounting and Corporate Regulatory Authority (ACRA) of Singapore recently introduced the Sustainability Reporting Body of Knowledge (SR BOK), a comprehensive guidebook designed to help training providers develop high-quality, ISSB-aligned sustainability reporting programmes. The initiative aims to address the growing demand for professionals skilled in preparing sustainability reports and climate disclosures, aligning with the Singapore Green Plan 2030 and global regulatory trends.

The European Banking Authority (EBA) has recently released its 2024 Annual Report, revealing an intense year of accomplishment, adaptability, and forward-thinking strategies for the EU banking sector. As the financial world continues to face an onslought of new challenges, the EBA has remained at the forefront of ensuring stability, resilience, and a more sustainable financial framework. With 93% of its tasks from the 2024 Work Programme completed, the Authority’s work is a clear testament to its role as a steadfast regulatory force within the EU.

French President Emmanuel Macron has added his voice to the growing opposition against the European Union's Corporate Sustainability Due Diligence Directive (CSDDD), aligning with German Chancellor Friedrich Merz’s call to scrap the law entirely. The directive, which was adopted in May 2024, mandates that companies assess, prevent, and mitigate their impacts on human rights and the environment across their supply chains, including issues like child labor, slavery, deforestation, and pollution.

The Personal Information Protection Commission (PIPC) has delivered a blow to Temu, the popular online marketplace platform, by sanctioning the company for serious violations related to cross-border data transfers and other mishandling of personal data. This action, taken after a thorough investigation, comes with financial penalties and several corrective orders aimed at restoring compliance with South Korea’s Personal Information Protection Act (PIPA).

The financial landscape in the Netherlands is facing increasingly turbulent waters, with rising geopolitical tensions and heightened economic uncertainty putting financial stability at risk. De Nederlandsche Bank (DNB) has sounded the alarm in its latest Financial Stability Report, released today, drawing attention to the growing concerns around international trade, government budgets, and the future of European cooperation.

TGP Europe, a prominent gambling operator, has exited the UK market following a series of regulatory breaches uncovered by the UK Gambling Commission. The company, which ran several gambling websites under the branding of other businesses, voluntarily surrendered its UK operating liscence after being informed it would face a £3.3 million penalty unless it made significant improvements to its operations.

Bruna Szego, the Chair of the newly established European Anti-Money Laundering Authority (AMLA), took center stage at the European Anti-Financial Crime Summit (EAFCS) in Dublin last week, unveiling her vision for the future of AMLA and its role in tackling financial crime across the EU.