GRC Report Staff

EU Council Backs Plan to Dial Down Sustainability Reporting Rules for Big Business

In a move pitched as part simplification, part survival strategy, EU member states have agreed to rein in some of the most ambitious corporate sustainability rules on the books, at least for now.

FATF’s Risk List Grows as Scrutiny Deepens on Financial Crime Hotspots

There’s nothing like a fresh list from the Financial Action Task Force (FATF) to remind the world’s financial institutions that risk never sleeps. At its latest plenary meeting this June, the FATF (the global watchdog for anti-money laundering, counter-terrorist financing, and counter-proliferation finance i.e., AML/CFT/CPF) updated its closely watched list of countries with strategic deficiencies in these areas. Two new names made the cut, three were struck off, and the usual suspects remain firmly entrenched in the high-risk zone.

16 Billion Credentials Exposed in Unprecedented Breach

Somewhere, buried in an unsecured cloud server, were 16 billion reasons to worry about your organization’s security posture. They weren’t ransomware payloads or zero-days. They were passwords. And not just a few stray credentials, 16 billion of them.

Strong Today, Uncertain Tomorrow as EIOPA Warns of Mounting Risks

Europe’s insurers and pension funds might be standing tall right now (capital buffers solid, premiums growing, and profits holding up) but the European Insurance and Occupational Pensions Authority (EIOPA) is urging them not to let their guard down. In its June 2025 Financial Stability Report, the regulator strikes a careful balance: acknowledging the sector’s resilience while pointing to a world growing less predictable by the day.

Finland’s Financial Watchdog Warns of Rising Risks Amid Geopolitical Tensions & Market Volatility

Amid signs of a fragile recovery, Finland’s financial watchdog is warning that stability could be at risk if aggressive global power politics, mounting geopolitical tensions, and a slower-than-expected economic rebound persist. While the financial system remains stable for now, the Financial Supervisory Authority (FIN-FSA) and the Bank of Finland urge increased resilience measures and macro-prudential reforms to brace for what may come.

As Crisis Fatigue Sets In, Denmark’s Central Bank Doubles Down on Climate Risk

At a time when financial leaders are juggling cyber threats, inflation worries, and geopolitical rifts, Denmark’s central bank governor Signe Krogstrup is asking them to keep one eye firmly on the horizon, because the climate risks aren’t going anywhere. Speaking at the central bank’s climate conference on June 19, Krogstrup didn’t sugarcoat the moment.

Irish DPC Report Shows Continued AI Scrutiny, Record Fines, & Public Concern Over Data Use

Ireland’s Data Protection Commission (DPC) published its 2024 Annual Report this week, offering a wide-ranging account of enforcement activity, regulatory developments, and public sentiment around data protection in a year marked by growing scrutiny of artificial intelligence and increasing cross-border responsibilities.