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Risk Management Regulatory Standards

Holland & Knight LLP

The Implications and Scope of the NAIC Model Bulletin on the Use of AI by Insurers

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The National Association of Insurance Commissioners' (NAIC) model bulletin governing the use of artificial intelligence (AI) by insurers provides guidance on the legal and ethical use of AI within the insurance industry,...more

BakerHostetler

AI Audit Best Practices for Building User and Global Trust

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Artificial intelligence (AI) as a field encapsulates machine learning, deep learning and generative AI. As the impact of these technologies continues to grow, industry leaders and regulators have been grappling with how to...more

Goodwin

Liquidity Management Under AIFMD2: Near-Final RTS for Open-Ended Funds

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Following our September 2024 Alert “Liquidity Management Under AIFMD2: RTS for Open-Ended Funds,” the European Securities and Markets Authority (ESMA) has now published Final Reports for “Guidelines on LMTs of UCITS and...more

Sheppard Mullin Richter & Hampton LLP

FedRAMP 20x – Update on Significant Change Process and Assessment Scope Standards

Last month, the federal government announced a major overhaul of the Federal Risk and Authorization Management Program (“FedRAMP”) called “FedRAMP 20x”. FedRAMP 20x is moving forward fast – with new authorizations, community...more

A&O Shearman

ESMA publishes final draft RTS and guidelines on Liquidity Management Tools for Funds

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The European Securities and Markets Authority (ESMA) has published its final draft regulatory technical standards (RTS) relating to liquidity management tools (LMTs) under the Alternative Investment Fund Managers Directive...more

Skadden, Arps, Slate, Meagher & Flom LLP

The Standard Formula: Encyclopaedia of Prudential Solvency – Chapter 1: The IAIS and the ICS

Established in 1994, the International Association of Insurance Supervisors (IAIS) is a voluntary membership organisation comprising insurance regulatory authorities, central banks, ministries of finance, and other...more

Womble Bond Dickinson

Cybersecurity in the Nuclear Industry: US and UK Regulation and the Sellafield Case

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This is the fifth article in Womble Bond Dickinson’s Energy & Natural Resources thought leadership series titled “Going Nuclear: A Sustainable Solution to Rising Energy Demand.” The series will explore the changing landscape...more

Fox Rothschild LLP

Accidents Outside the United States and ICAO Annex 13

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The Fox Rothschild aviation team would like to thank the hundreds of aviation professionals who joined us for our 21st annual aviation symposium. As always, the all-star panels had an unrestrained discussion of the key...more

Benesch

Key Considerations in Developing a Comprehensive AI Governance Policy and Mitigating Risks of AI Use

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Crafting an AI Governance policy best suited for your business requires careful consideration of the types of AI, how AI will be used, current and future legislation, and a group of individuals specifically designated to...more

Woods Rogers

FAR Council Publishes Proposed Rule Imposing New Security Requirements on Contractors Handling CUI

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On January 15, 2025, the Federal Acquisition Regulatory Council published a proposed rule (the FAR CUI Rule) that would amend the Federal Acquisition Regulation (FAR) to impose government-wide cybersecurity, training, and...more

Morrison & Foerster LLP

CFTC Staff Issues Advisory on the Use of Artificial Intelligence

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On December 5, 2024, the U.S. Commodity Futures Trading Commission’s (“CFTC”) Divisions of Clearing and Risk, Data, Market Oversight, and Market Participants (together, the “Divisions”) issued a staff advisory (the...more

BCLP

AI in HR - What You Need to Know

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BCLP recently hosted a seminar on AI in HR. In this thought-provoking session, we considered how AI is used in HR and its regulation in the EU and the UK, and then engaged in some discussions around two theoretical scenarios....more

Amundsen Davis LLC

Will Greenwashing Cost Your Company the Green? Mitigating ‘Greenwashing’ Litigation: Defining the Issue and Identifying Strategies

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Consumers are increasingly environmentally conscious. Companies, especially retailers, are subject to increased demands for transparency and accountability regarding the sustainability and eco-friendliness of their products....more

IR Global

AI, agency, and efficiency - The Visionaries

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Q1 Is there scope to use AI in commercial contracts? Will it save time, or ultimately cost more time in review and pose greater risk?...more

Morrison & Foerster LLP

European Digital Compliance: Key Digital Regulation & Compliance Developments - October 2024

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To help organizations stay on top of the main developments in European digital compliance, Morrison Foerster’s European Digital Regulatory Compliance team reports on some of the main topical digital regulatory and compliance...more

DLA Piper

EU: NIS2 Member State Implementation Deadline Has Arrived

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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

Barnea Jaffa Lande & Co.

Understanding DORA: An Overview of the Digital Operational Resilience Act

The Digital Operational Resilience Act (DORA) is an EU regulatory framework, aimed at enhancing the financial sector’s ability to withstand and recover from ICT (information and communication technology) disruptions....more

Ankura

Banking as a Service: How Strong Is Your Financial Crime Compliance Partnership?

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The growth in partnerships between banks and Fintech companies through Banking as a Service (BaaS) models presents significant opportunities for innovation across the financial services sector. However, these collaborations...more

A&O Shearman

Zooming In on AI - #6: AI under financial regulations in the U.S., EU and U.K.

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Many governments are grappling with the question of how to regulate artificial intelligence to ensure it is adopted safely and used responsibly without hampering innovation. Governments have generally indicated similar...more

Conyers

Captive Insurance in Bermuda

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Bermuda is the world’s leading domicile for captive insurance companies, with over 600 active captive licences on its register generating over US$24 billion in gross written premium. Having formed the first modern captive in...more

McDonnell Boehnen Hulbert & Berghoff LLP

AI News Roundup – Treaty regarding AI standards, fake song AI lawsuit, new YouTube tools for controlling AI content, and more

To help you stay on top of the latest news, our AI practice group has compiled a roundup of the developments we are following....more

Mintz

Congressional Democrats Press For Integration of Climate-Related Financial Risks in Insurance Regulation

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On August 12, 2024, three Congressional Democrats (Casten (D-IL); Waters (D-CA); and Senator Whitehouse (D-RI)) sent a letter to the National Association of Insurance Commissioners (NAIC), inquiring as to “the status of the...more

Awatif Mohammad Shoqi Advocates & Legal...

Understanding Third-Party Liability in UAE Space Law

The UAE has taken a significant step forward in regulating space activities with Cabinet Decision No. 20/2023 on the Regulation for Ensuring Compensation of the Damage Caused to Third Parties While Practising Space Activities...more

Holland & Knight LLP

Podcast - Change Condition Packages: Tips for Cleared Contractors

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In the sixth episode of "Are We All Clear? Facilitating Security Clearances," host Molly O'Casey discusses change condition packages (CCPs) with International Trade attorney Marina O’Brien. They examine the preparation and...more

Akin Gump Strauss Hauer & Feld LLP

EU Ratifies Pioneering Artificial Intelligence Legislation

On May 21, 2024, the European Union finalized the adoption of the groundbreaking EU Artificial Intelligence Act, a comprehensive and sector-agnostic legislation that extends globally. This 420-page Act aims to regulate the...more

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