On 26 October 2023, the Bank of England, Prudential Regulation Authority (“PRA”) and Financial Conduct Authority (“FCA”, collectively the “UK Financial Authorities”) published FS2/23 on Artificial Intelligence and Machine Learning…
SIFMA and SIFMA AMG Comment on the SEC’s Proposed Rules for BDs and RIAs Among its many uses in the financial world, technology can improve operational efficiencies, reduce risk and…
On October 20, 2023, Avi Gesser, Kristin Snyder and Matt Kelly from the Debevoise AI Practice Group, hosted a webcast that reviewed some of the key challenges for deployment of…
Key takeaways from September include: UK-US data bridge: From 12 October 2023, UK businesses will be able to transfer personal data to certain US organisations certified under a UK-specific extension…
On October 16, 2023, the SEC’s Division of Examinations (“EXAMS”) issued its 2024 Examination Priorities (the “2024 Priorities”). The 2024 Priorities reflect the Commission’s continued scrutiny of information security and…
As businesses adopt Generative AI tools, they need to ensure that their governance frameworks address not only AI-specific regulations such as the forthcoming EU AI Act, but also existing regulations,…
On September 21, 2023, the Colorado Division of Insurance (the “DOI”) released its Final Governance and Risk Management Framework Requirements for Life Insurers’ Use of External Consumer Data and Information…
Key takeaways from August include: Conflicts of interest: Businesses should consider re-evaluating their data protection officer’s role and responsibilities, including dual roles on boards and committees, to prevent conflicts of interest…
On August 17, 2023, we published an article on Board Responsibility for AI Risk Oversight with Directors & Boards, covering: The promises and risks of AI adoption The rapidly evolving…
Key takeaways from June and July include: Data transfers to the U.S.: Business may want to revisit their cross-border data transfer arrangements following the new adequacy decision for the EU-U.S.…