News & Analysis as of

Risk Management Member State

BCLP

Revitalising the EU Securitisation Market: Recommendations for a Revised Regulatory Framework

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The European Union's securitisation market has struggled to reach its full potential despite the introduction of the Securitisation Regulation (SECR) in 2019. While the market has shown modest growth in recent years,...more

Goodwin

EU Updates its Product Liability Regime: Important Considerations for Providers of AI Systems and Software

Goodwin on

The European Union has significantly overhauled its product liability regime with a new directive concerning liability for defective products (Product Liability Directive). EU member states have until December 9, 2026, to...more

White & Case LLP

EU Commission Recommends Review of Outbound Investments in Advanced Semiconductors, AI, and Quantum Technologies

White & Case LLP on

On 15 January the European Commission (“EC”) took its latest (prudent) step towards an outbound investment screening regime, with the publication of its ‘Recommendation on reviewing outbound investments in technology areas...more

Goodwin

Loan Fund Structures under AIFMD2: ESMA’s Proposals

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In our recent alert Loan Origination Under AIFMD2: A Guide on loan origination under the revised Alternative Investment Fund Managers Directive (AIFMD2), we noted that the European Securities and Markets Authority (ESMA)...more

Proskauer - Regulatory & Compliance

ESMA Consults on Open-Ended Loan Originating AIFs

On 12 December 2024, the European Securities and Markets Authority (“ESMA”) published a consultation paper (“Consultation”) on draft regulatory technical standards relating to open-ended loan originating AIFs under the...more

BCLP

Data and Cybersecurity: European Union Legislation and Proposals - Updated December 2024

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The pace of new EU law continues unabated, with IoT, cyber security and digital services being key areas of activity....more

BCLP

What is the Impact of the EU's new Network and Information Systems Directive for Businesses?

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Forming part of the EU’s broader digital and cyber security strategy, the new Network and Information Systems Directive 2022/2555 (NIS2) came into effect on 18 October 2024 (this being the deadline by which the directive is...more

Goodwin

An Overview of the NIS2 Directive and Its Implementation in France and Luxembourg

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With the arrival of the Regulation on Digital Operational Resilience (DORA) and the Network and Information Security 2 (NIS2) Directive, the security of information systems and the protection of critical infrastructures have...more

A&O Shearman

NIS2 Digital Providers get Implementing Regulation on cybersecurity risk management and significant incidents

A&O Shearman on

On 17 October 2024, the European Commission (EC) adopted the final version of the Implementing Regulation concerning cybersecurity risk management measures and further specification of cases in which an incident is considered...more

Jones Day

NIS 2 Directive: Transposition Period is Up for EU Member States

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As the national implementation deadline for the NIS 2 EU Directive is over, businesses in scope should ensure they will soon be ready to comply with the strengthened cybersecurity requirements....more

Goodwin

The NIS 2 Era Is Here: Are You Compliance-Ready?

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With the deadline for Member States to transpose the European Union’s updated Network and Information Systems Directive (Directive (EU) 2022/2555) (NIS 2 or Directive) into national law, with the Directive having passed on 18...more

Goodwin

EU Commission Regulations on Digital Operational Resilience: A Reminder That DORA is Less Than Three Months Away and Will Apply to...

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The European Commission’s adoption on 23 October 2024 of the two regulations (Regulations) supplementing the [the Regulation on digital operational resilience for the financial sector Publications Office (europa.eu)] (DORA)...more

Mayer Brown

New EU Cyber Rules (NIS2) Take Effect; Implementing Rules Adopted

Mayer Brown on

On 17 October 2024, the European Commission adopted the first Implementing Regulation under the Network and Information Security 2 Directive (EU) 2022/2555 (NIS2), focusing on digital infrastructures and services. The...more

DLA Piper

EU: NIS2 Member State Implementation Deadline Has Arrived

DLA Piper on

The Network and Information Systems Directive II (“NIS2“), requires that Member States transpose measures into national law by today (17 October 2024). NIS2 is part of the EU’s Cybersecurity Strategy and repeals and replaces...more

NAVEX

Understanding the NIS2 Directive: What it Means for Cybersecurity in the EU

NAVEX on

You might have yet to hear of the NIS2 Directive, but you should be aware of it if you’re in any sector that relies on digital infrastructure. Whether you’re a business owner, IT professional, or curious about how the EU...more

Mayer Brown

New EU Cyber Rules: Implementation of NIS2 in the EU Member States

Mayer Brown on

The Network and Information Security 2 Directive (EU) 2022/2555 ("NIS2") entered into force on 16 January 2023. NIS2 sets cyber rules for organizations whose services are considered essential or important for maintaining...more

Ballard Spahr LLP

UN Adopts Landmark AI Resolution

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The UN General Assembly has adopted a landmark resolution focusing on the safe, secure, and trustworthy use of Artificial Intelligence (AI). This resolution, led by the United States and supported by over 120 Member States,...more

Goodwin

End of the Beginning: AIFMD II’s Final Text

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In our previous alert AIFMD II (Near) Final Text Agreed: What’s New? and in our recent update in our Horizon Scan, we noted that the Council of the European Union (EU) had published the final compromise amending text setting...more

Latham & Watkins LLP

CNIL Fines Health Website for Unlawful Data Processing

Latham & Watkins LLP on

The French Data Protection Authority imposed a €280,000 fine for GDPR infringements and a €100,000 fine for violation of French cookie rules. On 11 May 2023 the French Data Protection Authority (the CNIL) handed down its...more

American Conference Institute (ACI)

[Event] European Forum on Global Economic Sanctions - June 1st - 2nd, Berlin, Germany

Hosted by C5 Group, the European Forum on Global Economic Sanctions is recognized as Europe's Premier, longstanding gathering for financial institutions and global exporters. The industry across Europe is confronting an...more

A&O Shearman

European Parliament adopts its approach to the NIS2 Directive to strengthen cybersecurity obligations

A&O Shearman on

On 28 October 2021, the Committee on Industry, Research and Energy (ITRE) of the European Parliament agreed its approach to the text of the proposed revision to the Network and Information Systems (NIS) Directive (NIS2) and...more

Hinshaw & Culbertson LLP

GDPR and the Uniform Foreign Country Money Judgments Recognition Act

You are an American company. While you sell product or otherwise interact with Europe, and thereby collect personal information about European residents, you have no assets or facilities on that continent. Nonetheless, you...more

Hogan Lovells

[Webinar] Prepare for Global Data Class Actions - April 28th, 3:00 pm - 3:45 pm GMT

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Prepare for global data class actions has been moved. In the wake of the COVID-19 epidemic, there is an unfortunate increase in the cyber-security risks businesses may face. Our global team will help you best prepare for the...more

A&O Shearman

Basel Committee on Banking Supervision Consults on Pillar 3 Disclosure Requirements for Market Risk and Sovereign Exposures

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The Basel Committee on Banking Supervision has opened two consultations on revisions to the Basel III Pillar 3 disclosure requirements, one related to market risk disclosures and one on sovereign exposures disclosures....more

BCLP

Hotels and GDPR

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We are now over a year on from the major changes made to the European data protection regime by the GDPR so it is time to revisit what the changes mean now for the hospitality sector and investment in it, given increased...more

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