News & Analysis as of

Risk-Based Approaches Regulatory Standards

Latham & Watkins LLP

Hong Kong Moves Forward With Major Update to Capital Regime for Insurance Companies

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Insurance Ordinance amendments would create a risk-based capital regime aligned with international standards. On 6 April 2023, the Hong Kong government introduced the Insurance (Amendment) Bill 2023 into the Legislative...more

Eversheds Sutherland (US) LLP

Getting ready for quantum computing: Managing the quantum threat

​​​​​​​Experts estimate that within the next decade or so, adversaries will have the capacity to use quantum computing to break the encryption on virtually all existing digital databases. This is why it is highly significant...more

Stinson LLP

FDA Issues a Second Draft Guidance on Clinical Decision Support Software

Stinson LLP on

On September 27, 2019, FDA issued a new draft guidance on Clinical Decision Support Software, supplanting its 2017 draft guidance, Clinical and Patient Decision Support Software. ...more

A&O Shearman

Basel Committee on Banking Supervision Publishes Overview of Pillar 2 Practices and Approaches

A&O Shearman on

The Basel Committee on Banking Supervision has published an overview report on the Pillar 2 supervisory review process and on the different practices that regulators and legislators in Basel member jurisdictions have adopted...more

Pierce Atwood LLP

New Maine Remedial Action Guidelines (RAGs) Are Rich With Guidance

Pierce Atwood LLP on

Mainers interested in the question “how clean is clean?” – not to mention the Maine Department of Environmental Protection (DEP) – heavily rely on the Maine Remedial Action Guidelines (RAGs) for Sites Contaminated with...more

K2 Integrity

April 15 Isn’t Just Tax Day—It’s Also AML Certification Compliance Day

K2 Integrity on

It’s not just your taxes that are due each year on April 15. For financial institutions, this coming April 15 is the date the New York Department of Financial Services’ (NYDFS’s ) new Anti-Money Laundering (AML) Part 504...more

Hogan Lovells

Insurers to benefit from mutual solvency recognition between Mainland China and Hong Kong

Hogan Lovells on

On 16 May 2017 the CIRC and the Hong Kong Office of the Commissioner of Insurance (“OCI“) entered into a framework agreement aimed at mutual recognition of solvency regimes between Mainland China and Hong Kong....more

Hogan Lovells

The future of Hong Kong's insurance industry – New focus on reinsurance and captives?

Hogan Lovells on

The Hong Kong Financial Services Development Council, an advisory body to the government, has recently released a report on the Hong Kong insurance sector. Its key recommendations are...more

The Volkov Law Group

ISO 37001: Why Your Anti-Corruption Policy Needs to Go Global

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Ten years ago the standard anticorruption policy was nearly exclusively FCPA-focused. DOJ and SEC enforcement actions were the primary, if not the only, concern for corporate executives and board members. The UK Bribery Act...more

Orrick - Finance 20/20

BCBS October 2015 Progress Report on Implementation of Basel Regulatory Framework

Orrick - Finance 20/20 on

On October 15, 2015, BCBS issued its ninth progress report (BCBS 338) on BCBS members’ implementation of Basel II, Basel 2.5 and Basel III, as at the end of September 2015. The report focuses on the status of domestic...more

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