GRC Report Staff

Australia’s New Operational Risk Rules Shift Focus to Real-World Disruptions

Australia’s banks, insurers, and superannuation funds are officially on the hook for doing a lot more than hoping things don’t go wrong. With the Australian Prudential Regulation Authority’s CPS 230 Operational Risk Management now in effect, financial institutions must prove they’re ready to weather disruptions that could bring the system, and millions of lives, to a standstill.

Ofcom Tightens the Screws on Tech Over Child Safety & Illegal Content

Tech companies love to talk about safety, but Ofcom isn’t buying the press releases. On Monday, the UK’s media and communications regulator released a fresh batch of proposals under the Online Safety Act, this time urging platforms to stop turning a blind eye to how fast harm can spread and who it hurts most.

ESMA Finds Gaps in ESG Risk Integration as Supervisors Push for More Than Just Compliance

The European Securities and Markets Authority (ESMA) has wrapped up a two-year supervisory effort into how asset managers across the EU are handling sustainability risks and disclosures, and while the overall verdict is “satisfactory,” the tone is clear that there’s still work to do.

OCC Flags Elevated Credit, Cyber, & Compliance Risks in Spring Risk Report

The Office of the Comptroller of the Currency (OCC) has released its Spring 2025 Semiannual Risk Perspective, highlighting a growing list of pressures on the federal banking system, from rising commercial credit and refinance risks to increasingly sophisticated cyberattacks and compliance challenges tied to fraud and digital innovation.

Europe’s Supervisors Want to Put ESG Risk to the Test

Europe’s financial watchdogs are drawing a sharper line on how banks and insurers prepare for climate, social, and governance shocks, and they’re inviting everyone to weigh in.

SFO Deepens Global Anti-Corruption Alliances with US & International Partners

The UK’s Serious Fraud Office (SFO) has stepped up its efforts to combat cross-border corruption by officially joining the International Anti-Corruption Coordination Centre (IACCC), an elite global law enforcement alliance housed within the UK’s National Crime Agency.

Meta Faces Fresh EU Threat of Daily Fines Over Pay-or-Consent Model

Meta is back in the hot seat in Brussels, just months after it was slapped with a €200 million fine for breaching the EU’s Digital Markets Act (DMA). This time, the European Commission is warning that Meta could face daily penalty payments if its updated “pay-or-consent” model still fails to meet the bloc’s legal standards.