After a flurry of AI-related papers from the previous UK Conservative government and regulators in 2023 and the first half of 2024 (and the establishment of the UK’s AI Safety Institute and the AI Policy Directorate),...more
The 2024 CrowdStrike outage and the ransomware attack on NHS partner Synnovis hit mainstream news and highlighted the fragility of ICT supply chains and the risks posed by cyber incidents....more
1/31/2025
/ Cyber Attacks ,
Cyber Incident Reporting ,
Cybersecurity ,
Data Breach ,
Data Privacy ,
Data Protection ,
EU ,
Financial Institutions ,
Financial Services Industry ,
Popular ,
Ransomware ,
Risk Management ,
Risk Mitigation ,
UK
Last week the FCA issued three announcements concerning its approach to the digital future of financial services in the UK. Amongst these was the FCA’s AI Update, their response to the government’s recent AI consultation...more
5/3/2024
/ Artificial Intelligence ,
Bank of England ,
Consultation ,
EU ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
Prudential Regulation Authority (PRA) ,
Regulatory Authority ,
Regulatory Standards ,
UK ,
White Papers
As we discussed in our It’s Good To Talk article as part of our Emerging Themes in Financial Regulation 2021 publication, many banks and financial institutions operating in the UK have historically tended to favour exclusive...more
Amendments have been made to the FCA’s Dual-Regulated firms Remuneration Code under SYSC 19D and the Remuneration Part of the PRA Rulebook (together the “Remuneration Codes”) to implement the remuneration aspects of the EU...more
1/21/2021
/ Amended Regulation ,
Capital Requirements Directive IV (CRDIV) ,
CRD IV Directive ,
CRD V ,
EU ,
European Banking Authority (EBA) ,
European Economic Area (EEA) ,
Financial Institutions ,
Proportionality ,
Prudential Regulation Authority (PRA) ,
Regulation Technical Standards (RTS) ,
Remuneration ,
UK