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Risk Management Reporting Requirements Regulatory Agenda

Conyers

Country Update - Bermuda: AML

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Bermuda is a leading international financial centre and maintains a comprehensive body of primary legislation relating to money laundering and terrorist financing, supported by a range of general and sector specific guidance...more

Hogan Lovells

The FCA’s five year strategy (2025-2030)

Hogan Lovells on

The FCA has published a Strategy Paper, outlining its strategy for the next five years. The FCA says it will focus on four priorities: (i) being a smarter regulator; (ii) supporting sustained economic growth; (iii) helping...more

Estlund Law, P.A.

Lyon, France: INTERPOL’s CCF – Dates, Delays and Decisions (post 1 of 3)

Estlund Law, P.A. on

INTERPOL’s Commission for the Control of INTERPOL’s Files (CCF) has finished its first session of the year and has listed the 2025 sessions on INTERPOL’s website as follows...more

Davis Wright Tremaine LLP

Regulatory Reset? U.S. Cyber Incident Reporting Rules Face Congressional Scrutiny

Lawmakers expressed bipartisan support for significantly amending or eliminating some cybersecurity incident notification requirements during a recent hearing of the U.S. House Committee on Homeland Security's Subcommittee on...more

A&O Shearman

EU amending technical standards published for specifying the data collection for the 2025 benchmarking exercise

A&O Shearman on

The Commission Implementing Regulation (EU) 2025/379 has been published in the Official Journal of the European Union. The EU Capital Requirements Directive requires competent authorities to conduct an annual assessment of...more

J.S. Held

2025 J.S. Held Global Risk Report: Artificial Intelligence, Data & Digital Regulations

J.S. Held on

Artificial Intelligence (AI) has been touted as the answer to a multitude of business challenges. However, AI – along with machine learning and large language models (LLMs) – is still fraught with technical and regulatory...more

A&O Shearman

EBA consultation on amending data collection for 2026 benchmarking under CRD IV

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The European Banking Authority (EBA) has published a consultation paper containing draft implementing technical standards (ITS) on amending Commission Implementing Regulation (EU) 2016/2070 with regard to the benchmarking of...more

A&O Shearman

ESAs publish guidelines on exchange of information relevant to fit and proper assessments in the official EU languages

A&O Shearman on

The European Supervisory Authorities (ESAs) have published joint guidelines on the system established by the for the exchange of information relevant to the assessment of the fitness and propriety in the official EU...more

Latham & Watkins LLP

FCA Updates on Growth and the Consumer Duty

Latham & Watkins LLP on

Speech focuses on the regulatory change agenda, and confirms that firms are no longer expected to have a Consumer Duty board champion. On 27 February 2025, the FCA published a speech given by Nikhil Rathi, in which he...more

A&O Shearman

UK Financial Conduct Authority policy statement on reforming commodity derivatives regulatory framework

A&O Shearman on

The Financial Conduct Authority (FCA) has published a policy statement (PS25/1) on reforming the commodity derivatives regulatory framework. The policy statement sets out the FCA's response to feedback on its consultation...more

Patomak Global Partners

Federal Reserve Board Considering Significant Bank Stress Test Changes

In December 2024, the Federal Reserve Board (the “Board”) announced that they will be seeking public comment on “significant changes to improve the transparency of its bank stress tests and to reduce the volatility of...more

Foley Hoag LLP - White Collar Law &...

New Massachusetts Healthcare Law Targets Private Equity, REITs, and MSOs; Expands State False Claims Act

On January 8, 2025, Governor Maura Healey signed House Bill 5159 into law, toughening the rules and increasing the risks for private equity (PE) companies, real estate investment trusts (REITs), and management services...more

Vinson & Elkins LLP

Deadline to Comment on TSA Proposed Rule on Enhancing Cyber Risk Management for Surface Transportation Sectors

Vinson & Elkins LLP on

On November 7, 2024, the Transportation Security Administration (the “TSA”) published a Notice of Proposed Rulemaking (the “Proposed Rule”) that would mandate cyber risk management (“CRM”) and reporting requirements for...more

Ropes & Gray LLP

Capital Markets & Governance Insights - January 2025

Ropes & Gray LLP on

Companies should not minimize the extent of a material cybersecurity incident by omitting material facts regarding the scope and potential impact of the incident. Cybersecurity risk factor disclosures should be tailored to a...more

A&O Shearman

EU joint report on the feasibility for further centralization of reporting of major ICT-related incidents

A&O Shearman on

The European Supervisory Authorities have published a joint report on the feasibility of further centralization of the reporting of major ICT-related incidents by financial entities to competent authorities. The ESAs' joint...more

Skadden, Arps, Slate, Meagher & Flom LLP

Policy Updates From the UK Prudential Regulation Authority

The UK Prudential Regulation Authority (PRA) has issued significant policy updates to enhance the regulatory framework for insurers and financial institutions in the UK: - Key among these is the Policy Statement on...more

KPMG Board Leadership Center (BLC)

Directors Quarterly: January 2025

The latest edition of Directors Quarterly features a summary of board and committee agenda priorities for 2025, financial reporting and auditing updates, post-election observations from around the world, and more. Read the...more

White & Case LLP

Key Considerations for Updating 2024 Annual Report Risk Factors

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With the 2025 annual reporting season upon us, public companies should consider potential updates to their risk factors for their Form 10-Ks and 20-Fs in light of recent economic, political, technological, and regulatory...more

Morrison & Foerster LLP

Open Banking Update: CFPB Recognizes First Open Banking Standard-Setting Body

On January 8, 2025, the Consumer Financial Protection Bureau (CFPB) issued a decision and order approving the application of Financial Data Exchange, Inc. (FDX) for recognition as a standard-setting body (SSB) under the...more

KPMG Board Leadership Center (BLC)

On the 2025 audit committee agenda

Drawing on insights from our interactions with audit committees and business leaders, the KPMG Board Leadership Center highlights nine issues for the audit committee to consider for the year ahead....more

A&O Shearman

Regulatory monitoring - December 2024

A&O Shearman on

1. Bank regulation - 1.1 PRUDENTIAL REGULATION - a) General - (i) International - FSB: Plenary December 2024 - Status: Final - The FSB has set out the outcomes of its Plenary that met on 3 and 4 December. Points of...more

Foley Hoag LLP

Actualités en matière de lutte contre la corruption en France et en Europe

Foley Hoag LLP on

Deux études particulièrement intéressantes ont récemment été publiées par l’Agence Française Anticorruption (l’AFA) et la Commission européenne dans le domaine de la lutte contre la corruption. La première étude publié...more

Mayer Brown

Trends in US Cybersecurity Regulation

Mayer Brown on

As cybersecurity rules proliferate, companies must navigate a maze of new, and often overlapping, proactive and reactive cybersecurity requirements and guidance. This Legal Update surveys new cybersecurity rules and...more

Sheppard Mullin Richter & Hampton LLP

Commerce Takes on AI: Recent Developments from BIS on AI

In two recent rules, the Department of Commerce, Bureau of Industry and Security (BIS) has begun to take significant steps to monitor, and potentially control access to, U.S. artificial intelligence (AI) technology. AI...more

A&O Shearman

Zooming in on AI – #10: EU AI Act – What are the obligations for “high-risk AI systems”?

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Companies deploying high-risk artificial intelligence (AI) systems must prepare to navigate a complex landscape of new obligations by August 2, 2026. In this post we explain the key obligations for providers and deployers of...more

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