GRC Report Staff

ECB’s Elderson Signals Climate Risk Is No Longer Optional for Banks or Central Banks

A senior official at the European Central Bank has emphasized that climate and environmental risks are now a necessary part of how the institution assesses inflation, financial stability, and the resilience of banks.

PwC Hong Kong to Set Aside $128 Million for Evergrande Shareholders After SFC Probe

Hong Kong’s Securities and Futures Commission has reached a landmark agreement with PricewaterhouseCoopers Hong Kong that will see the audit firm set aside approximately $128 million (HK$1 billion) to compensate certain shareholders of China Evergrande Group, marking a rare instance of auditors contributing directly to investor restitution.

Norway’s Financial Watchdog Maps Out 2026 Priorities as Risks Grow More Complex

Norway’s financial regulator, Finanstilsynet, has set out a broad and pointed supervisory agenda for 2026, signaling a year defined by heightened attention to resilience, financial crime, and the stability of an increasingly complex financial system.

EU Moves to Fine-Tune Trading Risk Rules Ahead of 2027 Rollout

The European Commission is refining one of the most technically demanding pieces of post-crisis banking reform, launching a public consultation on how European banks should calculate market risk under the Fundamental Review of the Trading Book, or FRTB.

Italy Investigates Booking.com Over How It Promotes ‘Preferred’ Listings

Italy’s competition authority has opened a formal investigation into Booking.com, raising questions about whether the platform’s most prominent listings are being presented in a way that could mislead consumers.

UK Regulators Begin Overhaul of Senior Managers Regime, Aiming to Cut Burden Without Diluting Accountability

The Financial Conduct Authority and the Prudential Regulation Authority have set in motion the first phase of a significant overhaul of the UK’s Senior Managers and Certification Regime, signaling a shift toward a more streamlined and flexible approach to oversight while holding firm on the principle of individual accountability.

U.S. Banking Regulators Reset Model Risk Guidance as Industry Complexity Grows

U.S. banking regulators have taken a fresh pass at one of the industry’s most foundational risk disciplines, issuing updated guidance on how banks should manage the growing web of models underpinning modern finance.