News & Analysis as of

Technology Regulatory Oversight

Mayer Brown

Innovation, Cybersecurity, and Technology (H) Committee

Mayer Brown on

On August 13, 2025, the Innovation, Cybersecurity, and Technology (H) Committee (“H Committee”) of the US National Association of Insurance Commissioners (“NAIC”) met at the NAIC’s Summer 2025 National Meeting in Minneapolis,...more

Thomas Fox - Compliance Evangelist

AI Today in 5: August 22, 2025, The Angst Episode

Welcome to AI Today in 5, the newest addition to the Compliance Podcast Network. Each day, Tom Fox will bring you 5 stories about AI to start your day. Sit back, enjoy a cup of morning coffee, and listen in to the AI Today In...more

Sheppard Mullin Richter & Hampton LLP

Trade Groups Urge Congress to Address GENIUS Act Loopholes

On August 12, a coalition of banking trade associations sent a joint letter to Congress warning that the recently enacted GENIUS Act contains a loophole that could allow the indirect payment of interest or yield on payment...more

Walkers

Understanding the updates in Bermudas new licensing regime for Digital Identity Service Providers

Walkers on

Bermuda's proposed new licensing regime for digital identity service providers (DISPs) has been further refined and updated, with five licensable activities reduced to two. The development of the DISP regime commenced...more

McDermott Will & Schulte

FDA teases faster approval times with new agency-wide AI tool

The US Food and Drug Administration (FDA) launched Elsa, a generative artificial intelligence (AI) tool designed to assist FDA employees with tasks such as reading, writing, and summarizing. The press release on the tool’s...more

Akin Gump Strauss Hauer & Feld LLP

FDA Announces AI Councils Amid Calls for Greater Agency Transparency

Recently, it was reported that the U.S. Food and Drug Administration (FDA) is launching two cross-agency artificial intelligence (AI) councils. One AI council will be tasked with addressing how the agency uses AI internally...more

McDermott Will & Schulte

Partnering with Legal at the Critical AI/Healthcare Crossroads

The intersection of AI and healthcare is outpacing the development of laws and regulations governing the technology. Even in the early days of AI transformation, this is creating uncertainty for healthcare organizations....more

A&O Shearman

FCA announces launch of Supercharged Sandbox

A&O Shearman on

The UK Financial Conduct Authority (FCA) has announced the launch of its Supercharged Sandbox, developed in collaboration with NVIDIA, as part of its AI Lab and in line with the FCA's strategy to foster economic growth. This...more

A&O Shearman

The changing face of AI in the U.S.

A&O Shearman on

Following their ranking in Chambers and Partners’ inaugural U.S. ranking for Artificial Intelligence (AI) attorneys, our tech sector team has worked with Chambers and Partners to write three articles on the rapidly changing...more

McDermott Will & Schulte

House Budget Reconciliation Bill Would Delay State AI Regulation

On May 22, 2025, the US House of Representatives passed the budget reconciliation bill, known as the “One Big Beautiful Bill Act,” which includes language that would prohibit any state from enforcing any law or regulation...more

White & Case LLP

AI Watch: Global regulatory tracker - Spain

White & Case LLP on

Spain pioneers AI governance with Europe's first AI regulator (AESIA), an already active regulatory sandbox, and a draft national AI law implementing the EU AI Act. Laws/Regulations directly regulating AI (the “AI...more

Mitchell, Williams, Selig, Gates & Woodyard,...

Aboveground Storage Tanks/Unmanned Aircraft Systems: Louisiana Department of Environmental Quality Approves Drones for Visual...

The Louisiana Department of Environmental Quality (“LDEQ”) issued a May 21st news release stating that it has approved the use of unmanned aircraft systems (i.e., “drones”) to conduct visual inspections of aboveground storage...more

White & Case LLP

AI Watch: Global regulatory tracker - Israel (UPDATED)

White & Case LLP on

Israel promotes responsible AI innovation through policy and sector-specific guidelines to address core issues and ethical principles. Laws/Regulations directly regulating AI (the “AI Regulations”) Currently, there are no...more

A&O Shearman

IOSCO publishes final reports on finfluencers, online imitative trading practices and digital engagement practices

A&O Shearman on

The International Organization of Securities Commissions (IOSCO) has published final reports on finfluencers, online imitative trading practices and digital engagement practices, accompanied by a press release. These reports...more

A&O Shearman

FDPIC confirms direct applicability of data protection law to AI and outlines regulatory approach

A&O Shearman on

On May 8 2025, the Swiss Federal Data Protection and Information Commissioner (FDPIC) confirmed that the Federal Act on Data Protection (FADP) is directly applicable to AI-supported data processing. The FDPIC clarified...more

Carlton Fields

Everything (Including Inconsistent Things) All at Once: The Trump Administration’s Initial Steps Toward Permitting Reform

Carlton Fields on

President Trump came into office pledging to speed up federal environmental permitting, and he has issued a series of executive orders that touch on some aspect of expediting environmental reviews....more

Sheppard Mullin Richter & Hampton LLP

OCC Confirms Banks Authority to Offer Crypto Custody and Execution Services

On May 7, the OCC issued Interpretive Letter 1184, reaffirming that national banks and federal savings associations may provide cryptocurrency custody and execution services, including through sub-custodians. The OCC...more

A&O Shearman

BoE official launch of AI consortium

A&O Shearman on

The Bank of England (BoE) has announced the launch of the AI Consortium. The consortium will provide a space for public-private engagement to gather input from stakeholders on the capabilities, development, deployment and use...more

Eversheds Sutherland (US) LLP

The CFTC issues requests for comments on 24/7 trading and perpetual derivatives contracts

On April 21, 2025, the Commodity Futures Trading Commission (CFTC) Divisions of Market Oversight, Clearing and Risk, and Market Participants issued two Requests for Comment (RFCs) on 24/7 trading and clearing of derivatives...more

Sheppard Mullin Richter & Hampton LLP

Copyright Office Report on Training AI and Fair Use

The Copyright Office released a “Pre-publication” version of Part 3 of its Report on Copyright and AI. Coincidentally (?) Shira Perlmuter, the Register of Copyrights, was fired amid a shakeup at the Copyright Office. The...more

Sheppard Mullin Richter & Hampton LLP

OCC’s Hood Emphasized AI Oversight and Inclusion in Financial Services

On April 29, Acting Comptroller of the Currency Rodney Hood delivered pre-recorded remarks at the National Fair Housing Alliance’s Responsible AI Symposium.  In his speech, Hood reiterated the OCC’s commitment to deploying AI...more

Eversheds Sutherland (US) LLP

Draft legislation proposes shift in regulatory oversight of digital assets

On May 5, 2025, the US House of Representatives Financial Services Committee and Agriculture Committee released a draft bill that would shift oversight of most digital assets from the Securities and Exchange Commission (SEC)...more

Baker Botts L.L.P.

AI Governance in the Agent Era

Baker Botts L.L.P. on

“AI governance” is a rapidly developing field of research that focuses on the risks and controls related to AI platforms. Recently, a team of researchers from the Institute for AI Policy and Strategy has proposed a framework...more

A&O Shearman

BoE reports on digital pound developments and implementation

A&O Shearman on

The Bank of England (BoE) has published a series of documents regarding its work on implementing the digital pound. The Digital Pound Experiment Report on Offline Payments assesses the technical feasibility of implementing an...more

Jenner & Block

Government Pressure on Regulators Could Prompt Premature AI Adoption and a Surge in Judicial Review

Jenner & Block on

In March 2025, the UK government met with regulators to push for faster decision-making processes as a part of efforts by Chancellor of the Exchequer Rachel Reeves to cut red tape and boost economic growth. But while the...more

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