GRC Report

HSBC, in collaboration with Procurement Leaders, a World50 Group Community, has released a report titled "Building Resilient Supply Chains Amid an Uncertain Geopolitical Landscape." The study offers crucial insights for businesses navigating the increasingly complex world of global supply chains, where geopolitical uncertainties are reshaping traditional supply chain models. https://lnkd.in/gSrNi_5E

The European Union Agency for Cybersecurity (ENISA) has concluded its 7th edition of Cyber Europe, one of the largest cybersecurity exercises in Europe, held in June 2024. This year's exercise focused on testing the resilience of the EU energy sector against sophisticated cyber threats, underscoring the critical nature of energy infrastructure in an increasingly ICT-dependent society. https://lnkd.in/gZM24MkR

Despite the overall stability of the banking system, the OCC warns that a maturing economic cycle could bring significant consumer challenges. To mitigate these risks, the OCC urges banks to enhance their risk management practices and avoid complacency. https://lnkd.in/gK4JWRRd

The three European Supervisory Authorities (ESAs) published a joint Opinion on the Sustainable Finance Disclosure Regulation (SFDR). This collective assessment calls for a more coherent sustainable finance framework that supports the green transition while enhancing consumer protection, based on insights gained from the current functioning of the SFDR. https://lnkd.in/gkvSnpSv

Companies are anticipating business upsides as they prepare to comply with the European Union's Corporate Sustainability Reporting Directive (CSRD), even as they grapple with major operational hurdles, according to a new global survey by PwC. https://lnkd.in/grHEhpEJ

The Council of the European Union has adopted its negotiating stance on proposed EU legislation aimed at combating greenwashing and ensuring environmental marketing claims about products and services are accurate and verifiable. https://lnkd.in/gk7FsG_Y

In this week's GRC Report . . . #French #DataProtection Authority Issues Guidelines for #Privacy-Friendly #AI Development . . . and so much more . . . The GRC Report: your resource for the latest #GRC news across #governance #riskmanagement #compliance #ESG. We bring 360-degree awareness of what's happening in GRC every Tuesday directly to your inbox and daily on our website. https://lnkd.in/d_kEK_Gm See more news @ www.GRCreport.com Samuel Rasmussen W. C. G. GRC 20/20 Research, LLC Michael Rasmussen

The Annual Report underscores ESMA's commitment to navigating the evolving financial landscape, ensuring effective regulation and supervision, and protecting investors across the European Union. https://lnkd.in/gfT9jr7C

The journey towards comprehensive Environmental, Social, and Governance (ESG) reporting and assurance continues to challenge businesses, according to the latest findings from KPMG's second annual ESG Assurance Maturity Index. The survey highlights both advancements and persistent gaps in companies' readiness to meet new regulatory requirements for credible ESG disclosures. https://lnkd.in/gUTjrw5X

The Public Company Accounting Oversight Board (PCAOB) took major action this week to modernize its auditing standards and strengthen accountability measures for audit deficiencies that put investors at risk. https://lnkd.in/gDfWpb4g