News & Analysis as of

Financial Services Industry Bank of England Cybersecurity

Paul Hastings LLP

Daily Financial Regulation Update -- Thursday October 17

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October 16, 2024 - New York State Department of Financial Services (DFS) issued new guidance to assist regulated entities in addressing and combating cybersecurity risks arising from artificial intelligence....more

BCLP

The EU’s Digital Operational Resilience Act 2022/2554 (DORA)

BCLP on

Long IT sub-contracting chains can make it hard for financial institutions to understand the vulnerabilities in their IT estate and the location of key functions (where these may be located in entities who do not have a...more

A&O Shearman

UK Regulators Propose Rules for Supervising Critical Third Parties

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Following feedback to their July discussion paper, the U.K. regulators—the Bank of England, Prudential Regulation Authority and Financial Conduct Authority—have launched a joint consultation proposing rules and regulatory...more

Paul Hastings LLP

Daily Financial Regulation Update -- Wednesday, December 14, 2022

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December 13, 2022- State bank supervisors have appointed New York State Department of Financial Services Superintendent Adrienne A. Harris to serve as the state banking supervisor's representative on the Financial Stability...more

White & Case LLP

Operational resilience in the UK, EU and US: A comparison

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With a new operational resilience framework in force in the UK and similar reforms proposed in the EU and the US, we examine how the regimes compare and their practical impact on financial services firms....more

Paul Hastings LLP

Daily Financial Regulation Update -- Friday, October 7, 2022

Paul Hastings LLP on

October 6, 2022- U.S. Secretary of the Treasury Janet L. Yellen announced that Treasury has signed a loan agreement for the Clean Technology Fund—a multilateral trust fund which helps to scale up low carbon technologies in...more

Hogan Lovells

Financial institutions general regulatory news, March 2020

Hogan Lovells on

Spring 2020 Budget: key financial services announcements - The Chancellor of the Exchequer, Rishi Sunak, has delivered the Spring 2020 Budget. The Budget includes a number of measures of interest to financial services...more

A&O Shearman

Bank of England Publishes Report on the Future of the UK Financial System and the Bank's Priorities for the Future

A&O Shearman on

Huw van Steenis, the Bank of England financier appointed by the BoE in 2018 to review the future of the U.K. financial system, has published his "Future of Finance" report, setting out a vision for the medium-term future of...more

White & Case LLP

Singapore and UK financial watchdogs announce new cooperation efforts to strengthen cybersecurity

White & Case LLP on

Cyber attacks are a national security concern in the UK. While individuals can be victims of such attacks, private sector institutions are often the direct targets. Cyber attacks can critically damage a commercial reputation...more

King & Spalding

Financial Services: UK Regulators Shine a Spotlight on Cybersecurity and Technology Resilience

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In a paper published last month,[i] the UK’s Financial Conduct Authority (“FCA”) set out various cybersecurity insights gleaned from the work of cyber coordination groups (“CCGs”) the regulator established in 2017. The...more

Pillsbury - Global Sourcing Practice

UK Financial Conduct Authority—Regulated Firms Can Go to the Cloud

July 7, 2016, saw the UK’s Financial Conduct Authority (FCA) publish fresh guidance in order to clarify the requirements which apply to the financial services firms it regulates when outsourcing to the cloud. When the FCA...more

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