Rapid digitalization and technological innovation have offered a wealth of advantages to financial industry practices by redefining business operations. Though, consequently, the threat to cybersecurity is as present as ever. How have regulators begun to maneuver this pressing matter? And will it be a trend to watch in the coming year?
Amidst a series of regulatory conversations spotlighting security, stability, and resilience, the ECB has announced a stress test aimed to assess how financial firms respond when faced with a simulated cyberattack.
The FCA touched on several points recapping its progress over the past couple of years and outlines goals to ignite long-term growth through an adapted regulatory approach. This “growth mindset” comes after industry response that it desires enhanced effectiveness and efficiency concerning regulatory measures.
CFTC Commissioner Christy Goldsmith Romero’s recent remarks on keeping pace with evolving technologies like social media and AI highlight their ability to assist regulators by strengthening protection, broadening financial information outreach, and easing accessibility.
AI’s impact on the financial industry – SEC speaks to its risks, revolutionization, and everything in between
The SEC’s Chairman Gary Gensler recently spoke about the challenges and benefits AI presents to the financial world on a micro and macro level. Ensure you’re on track to identify, adapt, and manage these points as this technology rapidly develops for compliance teams.
The marketing department may be your least-expected area of compliance risk. The regulators are on to it, and you should be too. We set out five critical questions for confident compliance with new marketing rules.
The City of Boston has unveiled new guidelines for generative AI, which some are touting as the blueprint for future approaches. We take a look at what the new guidelines mean, and how compliance teams can navigate AI risks safely.
The former product manager of cryptocurrency exchange platform Coinbase has been sentenced after being found guilty of insider trading.
As global regulatory bodies move to explore the implications of ChatGPT and other large learning models, we speak to Global Relay’s in-house experts about the importance of explainability.
The U.S. regulator has shown that it really will reward firms that cooperate with enforcement action, in a fine issued for iMessage failures.