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Generative AI: A global guide to key IP considerations
Artificial intelligence (AI) raises many intellectual property (IP) issues.
Australia | Publication | June 14, 2019
APRA’s recently released Information Paper, regarding the recent self-assessments undertaken by financial institutions, indicates focus areas for APRA in the upcoming period of regulatory supervision.
APRA called for self-assessments on a range of ADIs, insurers and super funds and asked those entities to assess their present capabilities in non-financial risk management as well as in matters of culture and governance. APRA released the paper to further assist the sector in addressing the challenges of embedding effective risk governance practices within their organisations.
APRA observed some key emerging themes from the self-assessments:
Significant uplift is required across industries to bring governance and the management of non-financial risks to an appropriate standard. APRA – 22 May 2019
In a clear signal to the sector, APRA foreshadowed increased supervisory intensity for governance, accountability and culture for all regulated institutions. Given Hayne’s robust commentary on the performance of regulators, we can expect APRA to walk the talk on this.
The questions for institutions to now ask themselves include:
There is no doubt that regulatory focus on whether institutions are proactively improving the management of non-financial risk, and prioritising risk culture, governance and remuneration will continue to sharpen. There is also no question that, in this regard, all organisations – and particularly financial institutions – must be able to demonstrate, both to regulators and, increasingly, the public, an effective and continuing response to these challenges.
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Artificial intelligence (AI) raises many intellectual property (IP) issues.
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The UK remains a world leader in offshore wind, accounting for roughly 20 percent of global offshore wind capacity, with 11.3 GW operational. It is forecast that installed capacity will rise to 19.5 GW by mid 2020s.
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On 21 May 2024, the European Council (or Council) adopted the so-called ‘Hydrogen and decarbonised gas market package’ (the Gas Package). The package contains a recast of the 715/2009 gas regulation (Gas Regulation) and a recast of the 2009/73 gas directive (Gas Directive) aimed at reforming the existing EU regulatory framework to support the deployment of renewable and low-carbon gases, in particular hydrogen. As such, it represents a major development in the EU gas market.
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