GRC Report Staff

New Paper Urges Businesses to Rethink Sustainability Strategy

As climate shocks intensify and biodiversity loss accelerates, the era of treating sustainability as a long-term aspiration rather than an immediate business imperative is quickly closing. A new white paper from the Council on Sustainability Transformation, Aligning Climate, Nature, and Markets, argues that companies now face a pivotal moment where fragmented climate strategies and short-term market thinking are no longer sufficient to protect value or support growth.

FTC & States Broaden Case Against Uber Over Uber One Billing & Cancellation Practices

The Federal Trade Commission has widened its legal fight with Uber, filing an amended complaint alongside 21 states and the District of Columbia that accuses the company of enrolling consumers in its Uber One subscription without consent, failing to deliver promised savings, and putting up significant barriers for users who try to cancel.

FINRA’s 2026 Oversight Report Sharpens Focus on AI, Cyber Risk, & Market Integrity

FINRA’s 2026 Annual Regulatory Oversight Report offers a window into how risk is showing up across broker-dealers, drawn directly from the regulator’s examination and enforcement experience. While the report does not introduce new rules, it highlights recurring weaknesses and emerging pressure points, from the use of generative AI to cyber-enabled fraud and small-cap market manipulation, that are expected to shape FINRA’s supervisory focus throughout 2026.

Arizona Wound Graft Fraud Case Exposes How Incentives Can Corrupt Care & Compliance

What began as a lucrative wound-care operation in Arizona ultimately collapsed under the weight of its own incentives, leaving behind a trail of vulnerable patients, hollowed-out compliance controls, and more than $1.2 billion in fraudulent health care claims.

UK Audit Regulator Investigates EY Over Shell 2024 Audit

The UK’s Financial Reporting Council has opened an investigation into Ernst & Young’s statutory audit of Shell’s consolidated financial statements for the year ended 31 December 2024, focusing on potential breaches of audit partner rotation rules.

European Commission Fines Battery Makers €72 Million Over Long-Running Pricing Cartel

The European Commission has imposed fines totaling roughly €72 million on three automotive starter battery manufacturers and their industry trade association for participating in a long-running cartel that distorted pricing for car and truck batteries across Europe.

Austrian Regulator Lays Out 2026 Supervision Priorities Amid Global & Digital Risks

Austria’s financial sector is entering 2026 on solid footing, according to the country’s financial watchdog, but the risks facing banks, insurers, and markets are becoming more complex and more global. In presenting its Goals and Priorities for Supervision for 2026, the Austrian Financial Market Authority said it will sharpen its focus on resilience and stability while pushing to streamline supervision and cut unnecessary bureaucracy.