News & Analysis as of

Risk Mitigation United Kingdom Financial Services Industry

A&O Shearman

CMORG AI Taskforce releases comprehensive AI Baseline Guidance

A&O Shearman on

The Cross Market Operational Resilience Group's (CMORG) AI Taskforce has released its AI Baseline Guidance Review (dated January 2025), accompanied by a press release. The CMORG AI Taskforce conducted a baseline review of...more

BCLP

Cybersecurity Risks for Financial Services Firms: Proactive Strategies to Stay Ahead

BCLP on

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

Goodwin

AI and Financial Stability: Questioning Tech-Agnostic Regulation in the UK?

Goodwin on

In our previous alert we mentioned a joint letter from the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) to the UK Government on their strategic approach to artificial intelligence (AI) and...more

Cadwalader, Wickersham & Taft LLP

Conflicts of Interest: Recent UK Action

The UK’s Financial Conduct Authority ("FCA") has recently successfully applied to the Court of Appeal to uphold an earlier decision to impose requirements for redress in relation to conflicts of interest. This decision serves...more

K&L Gates LLP

Digital Operational Resilience in the Financial Services Sector: EU and UK Update

K&L Gates LLP on

With under six months to go until the European Union Digital Operational Resilience Act (DORA) becomes applicable on 17 January 2025, DORA implementation projects are running full steam ahead. DORA lays down uniform...more

Latham & Watkins LLP

FCA Board Focuses on AI

Latham & Watkins LLP on

A new publication from the UK’s financial regulator signals to firms that they should take steps to manage risks in the use of AI. The UK’s Financial Conduct Authority (FCA) has published its latest board minutes...more

Sullivan & Worcester

Fixed and Floating Charges: the Key is Control, but the Key to Control is Drafting

Sullivan & Worcester on

In our April webinar “Risk Mitigation Techniques in Trade Financing Structures”, which I delivered with my colleagues Sam Fowler-Holmes and Maria Capocci, we discussed methods to mitigate risks all the way along the...more

Latham & Watkins LLP

Whistleblow Insights: Recurrent Themes and Common Drivers - January 2023

Latham & Watkins LLP on

Many sectors, including financial services, have encountered a discernible increase in whistleblows in recent times — a trend that shows no signs of abating. Indeed, some whistleblowers have seen fit to publicise their...more

Cadwalader, Wickersham & Taft LLP

The UK’s PRA Publishes Consultation on Basel 3.1

In CP16/22 (published on 30 November 2022), the UK’s Prudential Regulation Authority (“PRA”) sets out plans for implementing the Basel 3.1 standards for calculating risk-weighted assets (“RWA”). Concerned that downward...more

BCLP

Banking Bites - October 2022

BCLP on

Welcome to Banking Bites! This is our short summary flagging some key developments in your sector that we hope will inform your activities in your market....more

WilmerHale

UK Regulators Proposed Framework for Critical Third Parties

WilmerHale on

Financial services firms are increasingly reliant upon third-party companies to provide important services, ranging from cloud services and data analytics to machine learning and cash distribution. As these third parties...more

WilmerHale

AI and Algorithms in Financial Services - Future Areas of Focus

WilmerHale on

Artificial intelligence (AI) and algorithmic models are used extensively in the financial services sector across a broad range of business areas. Two-thirds of respondents to a survey conducted jointly by the UK’s Prudential...more

Mitratech Holdings, Inc

MRM Weaknesses: UK Regulator Flags Major Modeling Risks

There are few areas in financial services that have had to repeatedly adapt and change as much as modeling teams over the last 18 months. They’ve helped their business units navigate the challenges of mitigating risks and the...more

Hogan Lovells

Addressing Implementation: Messages from the FCA Workshop on its approach to consumers

Hogan Lovells on

The FCA held a workshop last week on Customers in Vulnerable Circumstances which focused on its approach to ensuring inclusive and fair treatment of vulnerable consumers in the financial services industry....more

Sullivan & Worcester

Après LIBOR: Black Swan or Y2K

Sullivan & Worcester on

A practical guide to the cessation of LIBOR and the transition to a new replacement benchmark rate. Unquestionably, the London Inter-Bank Offered Rate ("LIBOR") is an integral part of nearly every type of financial product...more

Orrick, Herrington & Sutcliffe LLP

Orrick's Financial Industry Week in Review

Financial Industry Developments - Agencies Publish Study on Banking Activities and Investments under Dodd-Frank - On September 8, 2016, the Board of Governors of the Federal Reserve System, Federal Deposit Insurance...more

Morrison & Foerster LLP

Cloud Computing in the Financial Services Sector – the UK FCA Gets On-Message

Morrison & Foerster LLP on

It’s been a long wait but the UK’s financial services regulator, the Financial Conduct Authority (FCA), has published proposed guidance for UK-regulated financial services firms when using cloud computing solutions to...more

17 Results
 / 
View per page
Page: of 1

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide