On 8 December 2023, after months of negotiations, the European Commission, the European Parliament and the European Council reached political agreement on the terms of the European Union Artificial Intelligence…
As legislators and regulators around the world are trying to determine how to approach the novel risks and opportunities that AI technologies present, the draft European Union Artificial Intelligence Act…
On November 16, 2023, the Committee on Professional Responsibility and Conduct for the State Bar of California (“COPRAC”) provided initial recommendations regarding use of generative AI by lawyers (the “Guidance”).…
On November 7, 2023, the profilic ransomware group AlphV (a/k/a “BlackCat”) reportedly breached software company MeridianLink’s information systems, exfiltrated data and demanded payment in exchange for not publicly releasing the…
SIFMA and SIFMA AMG Comment on the SEC’s Proposed Rules for BDs and RIAs Among its many uses in the financial world, technology can improve operational efficiencies, reduce risk and…
On October 20, 2023, Avi Gesser, Kristin Snyder and Matt Kelly from the Debevoise AI Practice Group, hosted a webcast that reviewed some of the key challenges for deployment of…
On October 16, 2023, the SEC’s Division of Examinations (“EXAMS”) issued its 2024 Examination Priorities (the “2024 Priorities”). The 2024 Priorities reflect the Commission’s continued scrutiny of information security and…
On September 21, 2023, the Colorado Division of Insurance (the “DOI”) released its Final Governance and Risk Management Framework Requirements for Life Insurers’ Use of External Consumer Data and Information…
On July 26, 2023, the U.S. Securities and Exchange Commission (“SEC”) issued proposed rules (the “Proposed Rules”) that would require broker-dealers and investment advisers (collectively, “firms”) to evaluate their use…
On July 26, 2023, the SEC adopted long-anticipated final rules on cybersecurity risk management, strategy, governance and incident disclosure for issuers (“Final Rules”). We summarized the key obligations under the…