GRC Report Staff

Canada’s Competition Bureau has released its final guidelines aimed at curbing greenwashing, a growing concern in the marketing world. The new framework provides businesses with clear instructions on how to make legitimate environmental claims about their products and operations under the country’s amended Competition Act. This new set of rules comes on the heels of Canada’s broader push to address deceptive marketing practices, particularly those related to environmental sustainability.

The European Data Protection Board (EDPB) has recently finalized its much-anticipated guidelines on data transfers to third-country authorities. But the EDPB didn’t stop there. During its latest plenary, the Board also introduced two exciting initiatives aimed at enhancing skills in the rapidly evolving fields of AI and data protection, offering professionals a much-needed roadmap for navigating these complex, high-stakes areas. Let’s dive into the latest updates from the EDPB, which are not just about compliance, but also about empowering the next generation of data protection professionals.

Cybersecurity has never been more crucial than it is today. To keep pace with the increasing number of threats, the European Union is taking a bold step forward with the unveiling of the updated National Cybersecurity Strategies (NCSS) Interactive Map, a game-changing platform from the European Union Agency for Cybersecurity (ENISA). Think of it as your go-to hub for all things EU cybersecurity, offering not only valuable insights but a fresh perspective on how nations are building their digital defenses.

As political measures in the U.S. continue to evolve, with tariffs and a weakening dollar dominating the news cycle, Danish credit institutions are facing heightened credit risks. This trend was discussed extensively by the Danish Financial Supervisory Authority (DFSA) in a series of consultations with the largest credit institutions in Denmark in April 2025. These developments have led to increased uncertainty, especially in sectors dependent on export markets, and have prompted a reassessment of impairment needs across various portfolios.

Acting Comptroller of the Currency Rodney E. Hood recently addressed the U.S. Chamber of Commerce Capital Markets Forum, sharing insights into the Office of the Comptroller of the Currency’s (OCC) regulatory strategies aimed at modernizing financial oversight while maintaining the stability and resilience of the U.S. banking system. Hood emphasized the importance of balancing innovation with effective regulation to foster economic growth, financial inclusion, and institutional accountability.

The Personal Information Protection Commission (PIPC), in collaboration with the Korea Internet & Security Agency (KISA), has announced the official launch of the Global Cross-Border Privacy Rules (Global CBPR) Certification System. Starting June 2, 2025, this new system will help businesses easily navigate the complex world of international data flows, allowing them to expand into global markets while prioritizing privacy.

ASIC Commissioner, Kate O'Rourke, recently took center stage at the Responsible Investment Association Australasia (RIAA) Conference, where she shared her insights on how ASIC is helping Australia’s financial sector navigate the growing importance of climate-related financial disclosures. While O'Rourke emphasized that these regulatory changes are big, she also clarified they are an opportunity for businesses to take charge of climate risk and show the market they’re ready for the future.