News & Analysis as of

Regulatory Requirements Risk Management Third-Party Service Provider

Mitratech Holdings, Inc

Third-Party Risk Management: The Definitive Guide

In a world with increasingly interconnected companies, vendors, suppliers, logistics partners, and cloud services providers, Third-Party Risk Management (TPRM) has advanced from being an annual checklist exercise to a...more

Morgan Lewis - Tech & Sourcing

Contracts for AI Agent Development and Implementation (Part 1): Setting the Stage

As businesses move quickly to adopt artificial intelligence agents, contracts for their development and implementation raise novel questions around ownership, accountability, and risk. In this first post of a two-part series,...more

IR Global

Client Beware: The Utilization of Artificial Intelligence Platforms and the Potential Waiver of Attorney-Client Privilege

IR Global on

The rapid evolution of digital technologies has ushered in a new era for the legal profession—one characterized by both unprecedented promise and intricate new hazards. As practitioners and clients alike become more reliant...more

Secretariat

Five Key Recommendations to Strengthen Cybersecurity in Latin America and the Caribbean

Secretariat on

Cybersecurity is now a core element of legal, regulatory, and business risk management. In Latin America and the Caribbean, organizations face mounting pressure to demonstrate proactive compliance with evolving data...more

Kilpatrick

5 Key Takeaways | Faulty Intelligence: Responding to an AI Incident

Kilpatrick on

Kilpatrick’s Greg Silberman recently led a session at the 21st annual KTIPS (Kilpatrick Townsend Intellectual Property Seminar) on “Faulty Intelligence: Responding to an AI Incident”, focusing on how legal, security, and...more

Mitratech Holdings, Inc

How Continuity Management Solutions Build Resilience

Business continuity used to live in a binder, often reviewed once a year and quickly forgotten. Today, it has become a critical part of day-to-day risk management and operational strategy....more

Womble Bond Dickinson

AI Governance Playbook: Building an AI Governance Program that Works

Womble Bond Dickinson on

Why do companies need AI governance policies and procedures? In part because the legal landscape around AI is so unsettled....more

McDermott Will & Schulte

New PCI DSS 4.0 Credit Card Compliance Requirements Effective April 1, 2025

As of April 1, 2025, all merchants and third-party service providers (TPSPs) involved in processing credit or debit card payments must fully adhere to the enhanced security requirements outlined in the Payment Card Industry...more

A&O Shearman

EC publishes draft delegated regulation on subcontracting RTS under DORA

A&O Shearman on

On March 24 2025, the European Commission (EC) adopted the final draft Delegated Regulation setting out Regulatory Technical Standards (RTS) for subcontracting ICT services supporting critical or important functions under the...more

K&L Gates LLP

Europe: National Regulators Announce Digital Operational Resilience Act Reporting Windows

K&L Gates LLP on

EU national supervisory authorities will collect the Register of Information (ROI) pursuant to the EU’s Digital Operational Resilience Act (DORA) from in scope financial entities in April 2025, with the reference date set as...more

WilmerHale

FINRA’s 2025 Annual Regulatory Oversight Report: Focus on AI, Other Emerging Risk Areas, and Best Practices

WilmerHale on

On January 28, 2025, FINRA published its Annual Regulatory Oversight Report (the Report). The Report highlights emerging risk areas and recent developments, common compliance deficiencies, and best practices for member firms....more

Hogan Lovells

The European Commission rejects draft Regulatory Technical Standards on subcontracting under the Digital Operational Resilience...

Hogan Lovells on

What has happened: On 21 January 2025, the European Commission sent a letter to the Chair of the Joint Committee of the ESAs with its decision to reject the draft Regulatory Technical Standards (“RTS”) on subcontracting...more

Clark Hill PLC

What Debt Settlement Companies Need to Know When Working With Third Party Payment Processors (Whitepaper)

Clark Hill PLC on

Clark Hill’s Financial Services and Regulatory Compliance Group has authored a whitepaper for debt settlement companies considering engaging a third-party payment processor for managing accounts and handling financial...more

Benesch

Navigating Legal Liability in AI Adoption: What Healthcare Executives Need to Know

Benesch on

The adoption of artificial intelligence (AI) in healthcare has ushered in a new era of innovation that is transforming diagnostics, treatment planning and operational efficiencies. However, with great potential comes...more

Hogan Lovells

DORA – One week to go

Hogan Lovells on

The EU Digital Operational Resilience Act (“DORA”) is due to apply from 17 January 2025. It is designed to ensure regulated financial entities can withstand and recover from technology issues such as cyber events and...more

A&O Shearman

DORA: Get ready, get set, take action

A&O Shearman on

The Digital Operational Resilience Act 2022/2554 (DORA) is a European regulation that will come into force on January 17, 2025. The regulation aims to strengthen the digital operational resilience of the financial sector...more

BCLP

The EU’s Digital Operational Resilience Act 2022/2554 (DORA)

BCLP on

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

Ballard Spahr LLP

NYDFS Requires Filing of Preparedness Plans and Financial Risk Assessments Related to COVID-19

Ballard Spahr LLP on

In an Industry Letter, the New York State Department of Financial Services (NYDFS) is requesting assurance that New York State regulated institutions have preparedness plans in place to address operational risk, and it is...more

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