The Latest State of Play for the Regulation of AI in the UK Financial Services Industry
National Law Review 11/27/2023
On 1 and 2 November 2023, the UK hosted the world’s first summit on artificial intelligence safety at Bletchley Park (the Summit). Once the top-secret home where Britain’s World War II cryptographers decoded secret enemy messages…
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Financial Crime and Regulation Year in Review 2023
Lexology 11/24/2023
Against the backdrop of increasing scam activity, 2023 has seen novel claims against banks based on alleged duties arising from common law, codes of practice and the AML/CTF Act. These claims demonstrate growing tension between customer…
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UK enacts powerful new legislation to tackle fraud epidemic
FCPA Blog 11/27/2023
The newly enacted UK Economic Crime and Corporate Transparency Act (ECCTA) has introduced several new criminal offenses that are aimed directly at corporate and individual fraud, even introducing a new offense — failure to prevent fraud…
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Bank regulators warn over operational resilience challenges
Finextra 11/27/2023
An early 2023 assessment of adoption of the Principles – intended to promote banks’ ability to withstand operational risk-related events that could cause significant operational failures or wide-scale disruptions in financial markets…
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2023 Annual ESG Preparedness Report
Harvard 11/27/2023
ESG oversight is primarily measured by the presence of a board committee that addresses environmental, social, and governance (ESG) issues in its charter. We also source some of this information from proxy reports, corporate governance…
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