Following publication of the government’s guidance in November 2025 and ahead of the new offence coming into force on 1 September 2025, UK Finance has published guidance for the financial services sector on failure to prevent fraud (FtPF) which it says “should be taken into account by a supervisory or enforcement agency when considering and/or
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The Commission’s guidelines on AI systems – what can we infer?
The EU’s AI Act imposes extensive obligations on the development and use of AI. Most of the obligations in the AI Act look to regulate the impact of the specific use cases on health, safety, or fundamental rights. These sets of obligations apply to ‘AI systems’. A tool will fall out of scope of much
CJEU Advocate General clarifies when pseudonymised data falls outside the definition of personal data
On 5 February 2025, the Advocate General of the Court of Justice of the European Union (CJEU) issued its opinion in the case of C 413/23 P European Data Protection Supervisor (EDPS) v Single Resolution Board (SRB) (Opinion). The Opinion takes the view that personal data which has been pseudonymised and shared with a third-party
Treasury Committee launches call for evidence on AI in financial services
On 3 February 2025, the House of Commons Treasury Committee published a call for evidence on artificial intelligence (AI) in financial services.
Background
The Treasury Committee highlights the widespread deployment of AI across various sectors within financial services, including retail banking, investment banking, insurance and pensions. It explains that, in light of this, it is
Global WHS trends
Introduction
In this article we explore four of the key issues and trends affecting organisations globally from a work health and safety perspective, both now and in the future: global WHS regulation; the rise of technology; changing workforce populations and structures; and psychosocial hazards and risks.
In examining these trends, we have been struck by
Germany: What to expect in 2025
In 2025, new legislation will be introduced into German employment law bringing numerous changes for Human Resources Managers to note.
New legislation coming into force
Social insurance calculation factors
The factors for calculating the levels in the social insurance system were adjusted on 1 January 2025. The current rates and limits can be found here
CSA releases guidance on the use of artificial intelligence in capital markets
On December 5, 2024, the Canadian Securities Administrators (CSA) released CSA Staff Notice and Consultation 11-348 – Applicability of Canadian Securities Laws and the Use of Artificial Intelligence Systems in Capital Markets (the Notice). The Notice was issued in light of the continued growth in the use of artificial intelligence (AI) systems in capital markets,
The EDPB Opinion on training AI models using personal data and recent Garante fine – lawful deployment of LLMs
The final days of 2024 were very eventful in the world of AI and data protection: the European Data Protection Board (EDPB) published its Article 64 General Data Protection Regulation (GDPR) opinion on training AI models using personal data (the EDPB Opinion). Two days later, the Italian Garante per la Protezione dei Dati Personali (Garante)
Turning an AI image into reality, does that infringe in China?
On 27th November 2023, the Beijing Internet Court upheld that an AI generated work can be protected by copyright if the work reflects an author’s choice of expression and has originality (see our earlier blog post here). Almost a year later, on 18th October 2024, we now have another decision from the Changshu People’s
FCA research note – bias in AI
On 11 December 2024, the FCA issued the first in a series of research notes on bias in artificial intelligence (AI).
The note provides a review of available academic and ‘grey’ literature to explore how biases may arise and may be mitigated in supervised machine learning models used to make predictions or assist in decision-making