Chancellor’s speech
On 15 July 2025, the Chancellor of the Exchequer Rachel Reeves delivered her second Mansion House speech.
Key points in the speech include:
As artificial intelligence (AI) continues to grow in capability and adoption, the technology infrastructure required to support it is rapidly expanding. The rise of AI has led to the development of specialized data centres built to handle the high computational demands associated with AI workloads.
Approximately one year on from our briefing in June 2024 which considered some of the steps firms could be taking to meet future regulatory expectations in relation to governance of AI, in this briefing we outline some of the significant steps taken by the FCA over the past twelve months or so, in shaping the
On 1 July 2025, the Financial Conduct Authority (FCA) issued a speech by Jessica Rusu (FCA chief data, information and intelligence officer) entitled Harnessing AI and technology to deliver the FCA’s 2025 strategic priorities. Among other things it is noted in the speech that applications for live testing in the FCA’s AI lab will
The biggest AI privacy problems no one is talking about: Installment 1: The Agent2Agent (“A2A”) Protocol
In the privacy world, everyone is focused on fairness, bias, and data scraping. These issues, however, are not even among the top 3 AI privacy issues. And it’s not even close. This is not to say those issues are unimportant. Indeed, the
On June 2, 2025, the New Jersey Attorney General’s Division of Consumer Affairs released proposed rules (57 N.J.R. 1101(a)) pursuant to the New Jersey Data Privacy Act (N.J.S.A. 56:8-166.4 et seq.). Although the proposed rules have many similarities to California’s current privacy regulations, there are some surprises. Among other things, New Jersey has proposed
On 18 June 2025, the Australian Prudential Regulation Authority (APRA) published a speech given at the AFIA Risk Summit by its Executive Director of Cross-industry risk, Chris Gower, who draws parallels between the Perfect Storm of 1991, and the operational resilience headwinds that are brewing on the horizon for Australian financial services entities. The speech is
On March 21, the Ontario’s Bill 149, Working for Workers Four Act, 2024 (“Bill 149”) received Royal Assent.
The Federal Trade Commission has published a Final Rule relating to changes in the Children’s Online Privacy Protection Act (“COPPA”) regulations, which will go into effect on Monday, June 23, 2025. The final Rule generally provides 365 days from the final Rule’s publication date (April 22, 2025) to come into full compliance. The Final Rule
Generative AI systems are trained using vast amounts of data, often taken from sources in the public domain that may be protected by copyright or other intellectual property rights. So could training a generative AI system using publicly accessible copyright work constitute an infringement? And could the output infringe?
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