Blog

The GRI celebrated the ISSB's release of S1 General and S2 Climate standards, key to balanced global corporate reporting. Both are committed to creating universally consistent sustainability data and plan to map their standards, provide usage examples, and establish a digital taxonomy.

AI revolutionizes GRC software by automating data collection from diverse sources, enabling continuous monitoring and updates. It converts data into actionable intelligence, providing insights into risks and compliance.

EU's CRR amendments strengthen banking sector resilience and financial stability. Updates to CRD and CRR introduce stricter capital and liquidity requirements, enhanced risk management, and measures to reduce bank failures. Expected full implementation by 2023 for more robust EU financial system.

The EU's Open Finance Framework facilitates financial data sharing, adhering to data protection rules. It empowers customers as data owners, promoting transparency and regulation compliance, fostering market competitiveness, and bolstering consumer rights.

SRB issued new liquidity data guidelines for 115 large European banks, enhancing resolvability. The focus is on refining frameworks, ensuring data reporting capabilities, and addressing deficiencies.