GRC Report Staff

EBA Shifts Its Focus from Rulemaking to Results in Push for Supervisory Consistency Across the EU

The European Banking Authority (EBA) has published its 2024 Report on Supervisory Convergence, signaling a quiet but meaningful shift in how the EU oversees its banking sector. After more than a decade of building the Single Rulebook, the focus is no longer on writing rules, it’s on making sure they work.

Agencies Withdraw Climate Risk Management Principles for Large Banks

The Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board (FRB), and the Office of the Comptroller of the Currency (OCC) have jointly withdrawn their Principles for Climate-Related Financial Risk Management for Large Financial Institutions, rescinding guidance that had been in place since October 2023 in a major policy reversal.

EU Recognizes First Supply Chain Due Diligence Scheme Under Conflict Minerals Regulation

European importers of tin, tungsten, tantalum, and gold will soon have an easier path to compliance after the European Commission recognized the first supply chain due diligence scheme under the EU’s Conflict Minerals Regulation.

FRC Urges a Culture Shift in Audit Quality After Latest Inspections

The Financial Reporting Council (FRC) has published a fresh look into the state of UK audit quality, a mix of warning signs and bright spots drawn from inspections across the twelve largest audit firms.

ESMA’s Sanctions Snapshot Shows Stable Enforcement but Rising Fines Across Europe

The European Securities and Markets Authority (ESMA) has released its second consolidated report on sanctions and measures imposed across the EU’s financial markets in 2024, and while the pace of enforcement held steady, the price of wrongdoing climbed steeply.

Sustainability Still Rules the Boardroom in 2025, Deloitte Finds

In its fourth annual edition, Deloitte Global has released its 2025 C-suite Sustainability Report, revealing that corporate leaders continue to treat sustainability as a central strategic priority, fueled increasingly by investments and digital technologies. The survey, which polled over 2,100 C-level executives across 27 countries, paints a picture of organizations moving beyond compliance toward embedding sustainability as a driver of business value.

ESAs Set Out 2026 Agenda with Focus on DORA Oversight, Consumer Protection, & Sustainability Simplification

The European Supervisory Authorities are preparing to enter 2026 with one of their most consequential joint programs to date, a year that will test the strength of the EU’s new digital resilience architecture while reshaping how consumer protection, sustainability, and supervision converge across sectors.