GRC Report Staff

Hochul Signals Shift on New York Climate Law as Costs & Energy Risks Mount

New York Governor Kathy Hochul is drawing a line between climate ambition and economic reality, warning that the state’s current path under its landmark climate law may need adjusting to avoid placing additional strain on households and businesses.

Trustpilot Hit With €4 Million Fine in Italy Over Misleading Reviews & Ratings

Italy’s competition authority has fined Trustpilot €4 million, concluding that the widely used review platform misled consumers through how it collected, labeled, and presented ratings.

Strong Capital, New Pressures as European Banks Navigate Geopolitical Uncertainty

Europe’s banking sector is stepping into a more volatile geopolitical landscape with a steady footing, according to new data released Monday by the European Banking Authority.

Global Regulators Draw a Line on AI Deepfakes as Privacy Risks Escalate

In a rare show of coordination, 61 data protection authorities from across the globe have issued a joint statement warning that AI systems capable of generating realistic images and videos of real people are creating a fast-moving and deeply personal category of risk. The concern is not just about misinformation or synthetic media in the abstract. It is about harm that lands squarely on individuals, often without their knowledge and increasingly without meaningful recourse.

Macquarie’s Missed Warning Signs Draw Federal Court Rebuke Over Shield Fund

A Federal Court in Australia has found that Macquarie Investment Management failed to take a step that, in hindsight, feels both simple and consequential. It did not put the Shield Master Fund on a watch list. That omission, the Court declared, amounted to a contravention of the Corporations Act. And while the legal finding is precise, the broader message lands with more weight. In a system built on trust and long-term stewardship, failing to escalate concerns early can carry real consequences, even when the damage is later repaired.

As Europe’s Digital Rulebook Expands, Regulators Warn Cooperation Can’t Be Optional

At a Brussels conference this week hosted by the European Data Protection Board, senior officials from across the EU made a clear case that the next phase of enforcement will hinge less on new rules and more on how well authorities work together to apply the ones already in place.

CERRIX Acquires Ruler to Integrate Regulatory Monitoring into GRC Platform

CERRIX has acquired Ruler, a regulatory intelligence platform used by financial institutions in the Netherlands and Belgium, in a move that brings regulatory monitoring capabilities into its broader governance, risk, and compliance offering.