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Funded Reinsurance - PRA Final Policy ESG in APAC 2023 Financial Regulation Weekly Bulletin - 1 August 2024 Financial Regulation Weekly Bulletin - 25 July 2024 SMF interviews at the PRA and FCA: A practical guide for authorised firms EU AI Act in force today The EU AI Act entered into force today (1st August), 20 days after it was published in the Official Journal. As mentioned in my previous blog, while it will still be some time before the more substantive rules apply (most of the Act will not take effect f... EU, UK and US competition authorities publish shared principles for competition in AI On 23 July 2024, the Competition and Markets Authority, the European Commission, the US Department of Justice and the US Federal Trade Commission published a joint statement on competition in generative AI foundation models and AI products. The statement ... How should privacy teams be managing AI? Not a week goes by without AI making the headline news, one of the latest items being the landmark EU AI Act entering into force on 1 August 2024 (as discussed in this blog). Business uptake of AI continues to increase at pace, with a nearly 40% increase ... Good Governance around AI – what does it require? As AI adoption increases, and new AI laws, regulation and guidance are published, organisations are rightly focussing on their AI governance.  Importance of good AI governance  Good governance will help ensure that organisations:  have set an appropriate ... New Cyber Security and Resilience Bill announced in King’s Speech In the week that saw one of the world’s biggest IT outages, apparently caused by a cyber security firm no-less, a new Cyber Security and Resilience Bill was announced in the UK. The bill was set out in the King’s Speech on Wednesday last week (or, to be m...