Compliance Perspectives: Rolling Out New Compliance Initiatives
The first comprehensive legal framework for artificial intelligence (AI), Regulation (EU) 2024/1689 (the EU AI Act), entered into force last year. Rather than taking immediate effect, the harmonized rules on AI under the Act...more
Long IT sub-contracting chains can make it hard for financial institutions to understand the vulnerabilities in their IT estate and the location of key functions (where these may be located in entities who do not have a...more
On March 13, 2024, the EU AI Act received its final assent from the EU Parliament with 523 votes in favor, 46 against and 49 abstentions, bringing it one step closer to adoption. Minor linguistic changes are still to be...more