By Jeff Dale2024-01-25T21:38:00
The U.K. Information Commissioner’s Office (ICO) is seeking input from developers, users, and those interested in generative artificial intelligence (AI) to help inform policy and guidance regarding the technology.
On Jan. 15, the ICO announced the launch of a multipart consultation series on generative AI and data protection. The agency’s first consultation is open until March 1.
“The impact of generative AI can be transformative for society if it’s developed and deployed responsibly,” said Stephen Almond, executive director for regulatory risk at the ICO. “This call for views will help the ICO provide industry with certainty regarding its obligations and safeguard people’s information rights and freedoms.”
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The Information Commissioner’s Office updated its data protection fining guidance to provide companies with greater transparency and clarity about how and why it would issue penalties for a breach of the U.K. General Data Protection Regulation or Data Protection Act 2018.
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The Commodity Futures Trading Commission would like to learn more about how regulated entities might be using artificial intelligence in their compliance efforts, along with other applications.
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Sandeep Sacheti, executive vice president for customer information management and operational excellence at Wolters Kluwer, shares with Compliance Week how the company’s financial and corporate compliance division uses artificial intelligence to manage and analyze data.
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Will “taking an axe to” red tape and onerous reporting commitments free up trillions invested in U.K. pensions and increase the value of assets managed by regulated financial services firms?
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The U.S. Department of Labor (DOL) appears to be in the process of deregulating work rules. Some of the changes proposed would result in a reduction of pay for certain health workers and allow minors to work hazardous jobs.
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SEC Chair Paul Atkins pointed to the growth of tokenized shares as a key development reshaping private markets, suggesting the agency is preparing to update its rules to keep pace with new forms of digital asset trading and settlement.
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