GRC Report Staff

White House Unveils AI Security Framework Built on Industry Cooperation

The White House recently issued a sweeping executive order aimed at strengthening U.S. cybersecurity capabilities through advanced artificial intelligence while deepening cooperation between the federal government, critical infrastructure operators, and AI developers.

Brussels Turns Up Pressure on 20 Countries Over Delays to Anti-Greenwashing Rules

The European Commission has begun infringement proceedings against 20 Member States that failed to fully implement one of the European Union's most closely watched consumer protection laws, moving the bloc's campaign against greenwashing from legislation into enforcement.

OFAC Fines FTI Consulting $1.05 Million Over Prohibited Dealings With Russian State-Owned Bank VTB

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has reached a $1.05 million settlement with consulting giant FTI Consulting over apparent violations of U.S. sanctions targeting Russia's financial sector, concluding that the firm indirectly extended prohibited debt to Russian state-owned lender VTB Bank on multiple occasions.

EU Tries to Draw Clearer Lines Around High-Risk AI

For much of the debate surrounding the EU AI Act, "high-risk" has been treated as a category everyone understood. It turns out that understanding it and applying it are not quite the same thing.

ICO Sets Out AI Agenda as UK Pushes for Growth Without Sacrificing Trust

The UK’s privacy regulator has laid out an ambitious program of AI-related guidance, oversight, and public engagement as it seeks to support the government’s push for AI-driven economic growth while maintaining confidence in how personal data is used.

SEC Seeks to Erase Climate Disclosure Rules Two Years After Landmark Vote

The Securities and Exchange Commission (SEC) just proposed rescinding the climate-related disclosure requirements it adopted in March 2024, a rule package that had consumed years of debate, generated fierce opposition from business groups and Republican lawmakers, and become one of the defining regulatory initiatives of former SEC Chair Gary Gensler's tenure.

Singapore Highlights Governance & Risk Management Standards for Fund Managers

Drawing on thematic inspections of selected fund management companies and reviews conducted by external auditors it appointed, The monetary Authority of Singapore (MAS) released an information paper outlining what it considers effective governance, risk management, and oversight across the investment process. The paper spans firms operating a range of investment strategies, including equity, fixed income, hedge fund, private credit, and fund-of-funds mandates.