GRC Report Staff

In an open letter addressed to the European Commission, a coalition of challengers in the search engine and browser markets, alongside civil society organizations and consumer advocates, is calling for action over Google's alleged non-compliance with the Digital Markets Act (DMA). The letter, sent to Executive Vice-President Teresa Ribera Rodríguez and Executive Vice-President Henna Virkkunen, seeks the Commission's intervention to ensure that Google adheres to its obligations under the DMA—specifically, provisions intended to promote competition, improve consumer choice, and ensure a more balanced digital landscape.

Today, the Australian Prudential Regulation Authority (APRA) unveiled a series of proposals that promise to reshape the governance landscape for banks, insurers, and superannuation trustees. It’s been more than a decade since APRA’s last major update to its governance standards, and these new changes are set to address critical gaps in the system—an evolution that is both timely and necessary as the financial environment grows increasingly complex.

The European Banking Authority (EBA) has thrown open the doors to a crucial consultation that could significantly shape the EU's anti-money laundering (AML) and counter-terrorism financing (CFT) landscape. Today, it launched a public consultation on four draft Regulatory Technical Standards (RTS), which are set to be key pieces in the European Union's evolving AML/CFT framework. These standards are not just regulatory technicalities—they will directly influence how financial institutions and supervisors tackle money laundering and terrorist financing across Europe.

As Washington continues to navigate a period of significant political and regulatory upheaval, top enforcement officials at the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) took to the stage this week to reassure the public that their agencies would remain unwavering in their mission to police market misconduct.

The Sustainability Standards Board of Japan (SSBJ) has recently unveiled its sustainability disclosure standards. This marks a milestone not just for Japan, but for the global conversation around transparency in corporate sustainability. The SSBJ, which was established in July 2022 with a mission to develop standards that would align with the global push for clearer, more comparable sustainability disclosures, has now taken a major step forward.

The European Data Protection Board (EDPB) has launched its Coordinated Enforcement Framework (CEF) action for 2025. This year, the focus shifts to the right to erasure—also known as the “right to be forgotten”—a powerful tool under the General Data Protection Regulation (GDPR) that allows individuals to request the deletion of personal data.

The Financial Services Agency (FSA) has recently published a thought-provoking discussion paper, urging the financial industry to explore the potential of artificial intelligence (AI) while being mindful of its risks. Titled “Preliminary Discussion Points for Promoting the Sound Utilization of AI in the Financial Sector,” the paper highlights how generative AI is revolutionizing industries across the board, including finance, and the FSA’s role in ensuring these advancements are responsibly harnessed.