Blog
AI Act: EU Rules
The EU's Artificial Intelligence Act (AI Act) significantly impacts financial institutions, emphasizing risk classification, privacy, and AI accountability. It outlines compliance strategies and timelines for financial services, fostering ethical and transparent AI usage.
AIF and UCITS Comparison
EFAMA's recent report highlights the significant growth of Europe's Alternative Investment Funds (AIF), with a notable increase in net assets and stability compared to UCITS.
Cybersecurity Penetration Tests: ESA RTS
The ESA's initiative focuses on strengthening financial sector security through Cybersecurity Penetration Tests. This approach, aligned with EU Regulation 2022/2554, emphasizes digital resilience and mandates rigorous testing standards.
DORA Regulation: RTS on Subcontracting ICT Services
DORA Regulation marks a significant shift in the EU financial sector, focusing on ICT services outsourcing and operational resilience. It mandates thorough risk assessments, longer contract negotiations, and enhanced infrastructure investment for financial institutions.
DORA Regulation: EU cyber risk management
DORA Regulation, effective Jan 17, 2025, applies to 21 EU financial entities, focusing on cyber risk and ICT management. It promotes digital resilience, encourages collaboration, and targets risks in third-party ICT services, setting a new standard in the financial sector.
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