Inside FinTech

2024 Technology Privacy and Cybersecurity Summit | November 25 – 28, 2024

Norton Rose Fulbright Canada invites you to its leading annual technology, privacy, and cybersecurity virtual summit. Learn how to leverage AI for a competitive edge while mitigating its inherent risks.

Global | Articles | November 20, 2024

Data and cybersecurity

ESAs joint guidelines on the oversight cooperation and information exchange between the ESAs and the competent authorities under DORA

On 6 November 2024, the Joint Committee of the European Supervisory Authorities (ESAs) published joint guidelines on the oversight cooperation and information exchange between the ESAs and the competent authorities under the Regulation on digital operational resilience for the financial sector (DORA).

Global | Articles | November 14, 2024

Blog post

Delegated Regulation supplementing DORA as regards RTS on harmonisation of conditions enabling the conduct of the oversight activities

On 24 October 2024, the European Commission adopted a Delegated Regulation supplementing the Regulation on digital operational resilience for the financial sector (DORA) with regard to regulatory technical standards (RTS) on harmonisation of conditions enabling the conduct of the oversight activities.

Global | Articles | November 04, 2024

Digital operational resilience in financial services (DORA)

BNPL: A brave new world for consumer credit

On 17 October 2024, HM Treasury (HMT) issued a consultation paper (CP) which sets out the government’s approach to regulating buy now pay later (BNPL). This CP builds on HMT’s previous consultations that ran between February 2023 and April 2023.

Global | Articles | November 04, 2024

Data and cybersecurity

ESAs respond to the EC’s rejection of the draft ITS on the register of information under DORA

On 15 October 2024, the European Supervisory Authorities (ESAs) issued an opinion regarding the European Commission’s (EC) rejection of the draft Implementing Technical Standards (the Draft ITS) for the register of information under the Digital Operational Resilience Act (Regulation (EU) 2022/2554, DORA). DORA requires financial entities to maintain and regularly update a register of information covering all contractual agreements with ICT third-party service providers. This register is crucial for managing third-party ICT risks and will enable the EU competent authorities and ESAs to supervise compliance with DORA and identify critical ICT service providers subject the DORA’s oversight framework. The Draft ITS contains standard templates for this register.

Global | Articles | October 30, 2024

Digital operational resilience in financial services (DORA)

ESAs respond to Commission’s rejection of DORA ITS on register of information

On 15 October 2024, the European Supervisory Authorities (ESAs) issued an Opinion on the European Commission’s (Commission) rejection of the draft Implementing Technical Standard (ITS) on the register of information under the Digital Operational Resilience Act (DORA).

Global | Articles | October 30, 2024

Digital operational resilience in financial services (DORA)

New York Department of Financial Services addresses cybersecurity risks from artificial intelligence

On October 16, 2024, the New York Department of Financial Services (“NYDFS” or “DFS”) issued guidance raising awareness about combatting cybersecurity risks arising from artificial intelligence (“AI”) used by DFS licensees, such as insurers and virtual currency businesses. Risks revolve around both threat actors’ use of AI offensively and businesses’ increasing AI reliance. The short guidance acknowledges that many AI-related risks exist, focuses on those risks specific to cybersecurity, and highlights some of the NYDFS’s key risks

Global | Articles | October 30, 2024

Data and cybersecurity

TMT M&A trends: Cautious optimism ahead?

M&A in the technology, media and telecommunications (TMT) sector has remained relatively subdued so far this year, with many of the factors identified in our Spring M&A Outlook having persisted into 2024. However, while dealmaking may not have got off to a racing start, the remainder of the year shows signs of improving market conditions with the potential to prompt increased activity levels during the coming months.

Global | Articles | October 10, 2024

M&A and joint ventures

Tech M&A Outlook: Investment and regulatory trends

Earlier this year we looked at trends in M&A investment in the technology sector, highlighting the TMT sector was the best performing sector in 2023 in terms of deal value and volume. The sector has remained fairly subdued this year, but are there signs this could be changing? We explore with our colleagues in the UK, Europe and China the outlook for the sector in their regions, and the impact of regulation on M&A investment in the tech sector.

Global | Articles | October 10, 2024

M&A and joint ventures