On 19 June 2025 the Data (Use and Access) Act (the "DUA Act") received Royal Assent and became law in the UK, having been passed by the UK Parliament on 11 June 2025. The DUA Act principally reforms the General Data...more
Artificial intelligence (AI) and other emerging technologies have the potential to revolutionize the financial industry. At the same time, its use introduces new risks that need to be anticipated and addressed. This paper...more
1/24/2025
/ Algorithms ,
Artificial Intelligence ,
Cybersecurity ,
Data Privacy ,
Data Protection ,
Emerging Technologies ,
Employment Discrimination ,
Financial Institutions ,
Financial Services Industry ,
Innovative Technology ,
Machine Learning ,
Regulatory Agenda ,
Risk Assessment ,
Risk Management
Mayer Brown Partners Ana Bruder, Justin Herring, and Oliver Yaros focus on cybersecurity risks and regulations in the EU and UK. They explore third-party risks, ransomware incidents, and the impact of AI, while examining how...more
On May 21, 2024, the last missing approval for the EU AI Act was given by the European Council. The text of the law is final and will be published in the coming days. Here we summarize key points as well as note potential...more
5/23/2024
/ Algorithms ,
Artificial Intelligence ,
Automation Systems ,
Cybersecurity ,
Data Privacy ,
EU ,
Innovative Technology ,
Machine Learning ,
New Regulations ,
Regulatory Reform ,
Regulatory Requirements
The Information Commissioner's Office (the "ICO") has clarified the methods it will use to calculate the fines it will issue for breaches of data privacy law in the UK by publishing its latest Data Protection Fining Guidance...more