News & Analysis as of

Automated Systems Financial Services Industry

Cadwalader, Wickersham & Taft LLP

Federal Regulators Publish Final Rule on Automated Valuation Models and AI That Imposes Obligations on Secondary Market Issuers,...

On June 6, 2024 federal regulators published a final rule addressing Quality Control Standards for Automated Valuation Models. This was a collaborative rulemaking effort that included regulators from the Office of the...more

Moore & Van Allen PLLC

Federal Financial Regulatory Agencies Propose Quality Control Standards for Use of Automated Valuation Models

On June 1, six Federal financial regulatory agencies (Agencies) jointly issued a Notice of Proposed Rulemaking (the Proposed Rule) requiring the implementation of quality control standards for the use of automated valuation...more

Mitratech Holdings, Inc

TRIM and Spreadsheet Risk Management

The Targeted Review of Internal Models (TRIM) is a planned part of the ongoing programme of regulatory enhancements forming part of the European Banking Authority’s (EBA) activities intended to enhance its visibility of the...more

A&O Shearman

European Supervisory Authorities Report on Automation in Financial Advice

A&O Shearman on

The Joint Committee of the European Supervisory Authorities has published a joint report on automation in financial advice. The Report follows the ESA's 2015 joint discussion paper and follow-up report in 2016. The Report...more

BCLP

Frenemies: Gaining Efficiency Through Shared Services

BCLP on

Bryan Cave colleagues Ken Achenbach and Sean Christy join Jonathan and me on this episode of The Bank Account to examine the ability of banks to gain efficiency through shared services. Throughout the business environment,...more

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