Risk Management, Data Protection, Banks

Managing Artificial Intelligence: The Monetary Authority of Singapore's Recommendations on AI Model Risk Management

K&L Gates LLP on 1/27/2025

Introduction and Background - On 5 December 2024, as part of the Monetary Authority of Singapore’s (MAS) incremental efforts to ensure responsible use of artificial intelligence (AI) in Singapore’s financial sector, MAS...more

NYDFS Amended Cybersecurity Rules: Overview of Upcoming Deadlines

Akin Gump Strauss Hauer & Feld LLP on 12/20/2023

On November 1, 2023, the New York Department of Financial Services (NYDFS) announced the adoption of amendments to its Cybersecurity Regulation 23 NYCRR Part 500 (“Amended Cybersecurity Rules” or “Amended Rules”). NYDFS...more

D&I in FS: practical considerations for designing and implementing an inclusive culture

A&O Shearman on 11/29/2023

Developing and maintaining an inclusive environment is crucial for realising the benefits of having a diverse organisation. With this in mind, the UK Financial Conduct Authority (FCA) and UK Prudential Regulation Authority...more

Banking in the Cloud: How Financial Institutions Can Mitigate the Regulatory and Security Risks

Baker Donelson on 3/15/2023

As organizations in the financial sector continue to migrate IT and business services to the cloud and adopt other cloud offerings, it is important that financial institutions understand the risks associated with each. A U.S....more

ESG Risk Management & TPRM: A Best Practice Approach?

Mitratech Holdings, Inc on 10/13/2021

There are few initiatives currently afoot in banking that do not feature Environmental, Social, and Governance (ESG) credentials, either to engage investors and customers or deliver the ESG risk management capabilities that...more

Open Banking: Navigating the Emerging Regulatory Landscape

Skadden, Arps, Slate, Meagher & Flom LLP on 10/28/2020

Open banking is an important driver of the fintech revolution. Regulators have recognised open banking as a means of introducing competition and innovation in the banking sector. Likewise, fintechs are seizing the...more

Notes from a Veteran Presenter at the Acquire or Be Acquired Conference

Stinson LLP on 1/18/2019

When you imagine banking 10, 15 or 25 years ago, you quickly realize the breathtaking pace of change affecting the industry. Consolidation, competition and convenience have redefined relationships and profit margins. And as...more

NYDFS Revises Cybersecurity Regulation, Extends Effective Date to March 1, 2017

Ballard Spahr LLP on 12/29/2016

The New York Department of Financial Services (NYDFS) announced today a revised regulation that will require all institutions subject to NYDFS supervision to establish and maintain a cybersecurity program meeting "certain...more

DFS Cyber Regulation: Part II – An Interview with Bay Dynamics’ Steven Grossman

Patterson Belknap Webb & Tyler LLP on 11/23/2016

This is the second installment in our interview with Steven Grossman, VP Strategy & Enablement at Bay Dynamics, the cyber risk analytics company. Here, Steven discusses the importance of aligning an institution’s risk...more

Banks to Broaden Reporting of Suspicious Cyber Activity; Regulators Propose “Enhanced” Cybersecurity Standards

Carlton Fields on 11/23/2016

The fourth quarter of 2016 has seen an uptick in regulatory activity respecting the financial services sector in the cybersecurity space, both at the state level as previously discussed (here) and on the federal level....more

What You Must Know about New York’s Proposed Cybersecurity Regulation for the Banking, Insurance, and Financial Services Sectors

Carlton Fields on 10/10/2016

Last week, New York’s Department of Financial Services released its long-awaited proposed cybersecurity regulation, which promises to deliver sweeping protections to consumers and financial institutions alike. The proposed...more

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