Governance

Recent Articles

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    18/03/2024

    Financial Services Webinars On Demand

    Click here to view recordings of CMS financial services webinars available on demand. Webinars are a convenient way to stay informed and hear from our legal experts. 
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    06/03/2024

    FCA sends Dear CEO letter to firms in warning over money laundering failings

    The Financial Conduct Authority (“FCA”) has sent a Dear CEO letter (the “Letter”) to Annex 1 Firms warning them about common failings found in their ability to prevent money laundering, terrorist financing and proliferation financing (hereafter “Financial Crime”). This forms part of the FCA’s enhanced monitoring of Annex 1 Firms in relation to their Financial Crime controls and its increasingly proactive approach in enforcing its regulatory expectations.The FCA is asking Annex 1 Firms to carry out a gap analysis against the failings it has identified in...
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    19/02/2024

    Financial Services Webinars On Demand

    Use the below link to view recordings of CMS financial services webinars available on demand. Webinars are a convenient way to stay informed and hear from our legal experts.   
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  •  
    29/11/2023

    Financial Services Webinars On Demand

    Use the below link to view recordings of CMS financial services webinars available on demand. Webinars are a convenient way to stay informed and hear from our legal experts.     
    Read more
  •  
    06/11/2023

    Pathways to progress: Intelligent Design for an AI World

    IntroductionThe UK financial regulators are finally beginning to turn their minds in a serious way towards how they will supervise firms seeking to deploy artificial intelligence (AI) in an increasingly automated industry.  In Discussion Paper 5/22 (DP5/22), the UK regulators split the AI lifecycle into three distinct stages: pre-deployment, deployment and recovery/redress.This briefing focuses on the matters firms should have in mind when in the pre-deployment phase.  It builds on previous statements made by the regulators in relation to the use of AI, machine learning (for example in...
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    09/10/2023

    Pathways to progress: Board Oversight and Accountability in an Artificially Intelligent World

    The unexpected speed with which Artificial Intelligence (AI) has captured the public imagination – both in business and in private lives – has been staggering.  And both the regulators and the regulatory system itself have struggled to keep up with the pace of change.In October 2022, the FCA and the PRA issued DP5/22, which sets out a high level framework for discussion of the evolving regulation of artificially intelligent systems.  While the questions the regulators asked back in 2022 were potentially wide ranging, the tenor of the discussion paper was clearly geared towards...
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