Topic: Digitalization

The financial services sector is becoming increasingly reliant on cloud service providers (CSPs) to fulfil its growing data processing and storage needs. Financial services providers in the United States have reportedly had the highest levels of adoption, operating 54 percent of their workloads in the cloud; and according to the European Central Bank, banks spent 13.5 percent more on cloud outsourcing in 2024 than in 2023.

The European Banking Authority (EBA) is currently consulting on its draft guidelines on the sound management of third party risk (Draft Guidelines), which are intended to replace the 2019 guidelines on outsourcing arrangements (2019 Guidelines).

Financial regulators globally emphasise the importance of financial entities being operationally resilient, which includes the ability to manage and recover from disruptions caused by their service providers. The topic receives significant attention in the financial services sector because the sector is regulated, with the aim of promoting financial system stability.

On July 23, 2025, the White House released a sweeping new policy framework titled “Winning the AI Race: America’s AI Action Plan” (the “Plan”), describing the federal government’s approach to artificial intelligence (“AI”).

On June 22, 2025, the Texas Governor signed the Texas Responsible Artificial Intelligence Governance Act (HB 149), which will go into effect on January 1, 2026. Although much of the new law will focus on government agencies, some provisions could have an impact on companies.

On April 28, 2025, the US Federal Trade Commission (FTC) made it clear that any claims about the ability of a tool to detect whether artificial intelligence (AI) generated content need to be substantiated, just like other advertising claims.

The legal industry is on the brink of transformation with the integration of Generative AI (GenAI). Understanding which AI solutions fit your practice is crucial to enhancing productivity.

AI adoption must now be on every board room and executive team’s agenda as an emerging area of risk and regulatory focus. This issue has been given further impetus by a number of key developments across Australia’s multi-jurisdictional landscape.

This webinar will look at the legal risks to consider when developing and using AI in the UK in 2025, including considerations for generative AI tools. It will provide an update on UK AI policy and new laws proposed. It will also look at existing cross-sectoral and sectoral laws and how they apply to AI, and the application of the EU AI Act to UK businesses.

n response to the rapid development of artificial intelligence (AI) technologies, the Cyberspace Administration of China (the CAC) recently issued two draft regulations for public consultation: Measures for Labelling Artificial Intelligence-Generated or Synthetic Content (the Draft AI Labelling Measures) and Cybersecurity technology—Labelling method for content generated by artificial intelligence (the Draft Labelling Method Standard).