In addition to a loosening of traditional banking regulation and supervision in areas like capital requirements, stress testing and liquidity, U.S. banking regulators have indicated they will be more receptive to innovation than the previous administration, particularly in the use of Artificial Intelligence, and in digital assets.
Technology
Posted inEthics & Culture
AI governance, agentic misalignment and the lessons from ‘Star Trek’
Does sci-fi predict the future of compliance or simply provide commentary on the current state of compliance? What is the role of corporate compliance around AI governance?
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No Longer Optional: The Future of AI in TPRM
Don’t miss this opportunity to prepare your organization for the future of TPRM and stay ahead with AI as your second-in-command.
Posted inData Privacy
Kentucky files suit against Temu alleging it stole state intellectual property and violated privacy
Kentucky took aim at Chinese company Temu, alleging in a lawsuit that it counterfeited popular Kentucky-designed merchandise and violated customers’ privacy.
Posted inTechnology
Cadence Design Systems pleads guilty to unlawfully exporting chip design tools to China, will pay $140M
Chip design software and hardware maker Cadence Design Systems agreed to plead guilty to unlawfully exporting semiconductor design tools to a restricted Chinese military university, the Department of Justice said in a statement. The California firm will pay over $140 million in criminal and civil pines and forfeitures, marking the latest effort by U.S. officials to restrict the flow of chip designs.
Posted inTechnology
U.K. regulator urges auditors to explain AI use in audits
Plans to push audit firms to disclose how they use AI in audits have been broadly welcomed, but concerns remain over how corporate data is used, secured, retained, and potentially exposed.
Posted inTechnology
U.K. data law tightens compliance rules, expands complaints process and raises penalties
The U.K.’s Data (Use and Access) Bill, passed into law on June 19, aims to boost the economy and simplify access to services like healthcare and policing. Businesses must understand the changes and ensure data policies and complaints procedures are current.
Posted inData Privacy
10 tips to comply with the U.K.’s new data law
Changes to the U.K.’s privacy regime will immediately affect how companies handle AI-driven decisions, cookie usage, and responses to data subject requests. As a result, experts are warning compliance teams to ensure their organizations take the legislation seriously and make plans to review data governance.
Posted inEurope
U.K. hopes to create ‘third way’ in AI regulation between EU and U.S.
The U.K.’s data regulator has unveiled a new enforcement approach to AI development and usage that experts say seeks to carve a middle way between the strict rules applied by the European Union (EU) and the pro-industry, light-touch regime favored by the U.S.
Posted inEurope
Google AI Overviews under EU scrutiny after publishers file antitrust complaint
Google has once again been hit with an antitrust complaint. This time, it’s not about its Chrome browser or Google Search business, but instead the company’s use of AI.
