GRC Report Staff

Germany’s financial regulator has fined flatexDEGIRO SE €1,000,000 for failing to promptly disclose inside information tied to regulatory findings at its banking subsidiary. The penalty centers on events dating back to the end of 2022, when flatexDEGIRO did not immediately inform the market about the outcome of a special inspection at flatexDEGIRO Bank. That inspection, carried out under section 44 of the German Banking Act, had identified shortcomings in the company’s business organization.

The Financial Reporting Council has finalized revisions to two of the UK’s most closely watched auditing standards, sharpening how auditors are expected to approach fraud risks and assess whether companies can continue operating.

The European Parliament is urging regulators to pick up the pace in enforcing the Digital Markets Act, warning that delays, modest penalties, and rapidly evolving technologies risk undermining one of the bloc’s most consequential competition laws.

Italy’s antitrust authority has quietly drawn a line under three investigations into leading artificial intelligence providers, using the cases to tell users, clearly and upfront, when the technology might be wrong.

The European Securities and Markets Authority is shaping how environmental, social and governance ratings are used across borders, launching a public consultation on draft guidelines tied to the ESG Ratings Regulation.

The U.S. Department of Justice has unveiled a proposed settlement with The Kroger Company, resolving allegations that the grocery chain violated the Clean Air Act by failing to properly manage leaks of ozone-depleting refrigerants at stores nationwide.

The Australian Prudential Regulation Authority is urging banks, insurers and superannuation trustees to move faster, and think harder, about how they govern artificial intelligence, warning that risk controls are struggling to keep pace with the technology’s rapid expansion across the financial system.