There’s maybe a silver lining for U.S law firms in the cloud created by EY’s failure to split. As the split between EYs Audit and consulting business would have enabled the firm to pursue lucrative opportunities to provide legal services…
Thank you for posting Ted Dziekanowski. The review by the NYDFS of regulatory oversight of Signature bank and its closure make for a comprehensive and worrying read. Signature bank was under the supervision of NYDFS and its predecessor since its…
Recent articles highlight the concerns that lenders have with recent changes in cyber insurance exclusion clauses. Demonstrating cyber insurance and the lack of appropriate coverage, has raised concerns for lenders. Lenders that will be concerned about credit risk exposure and…
Recent banking failures have raised concerns over banking oversight and governance. No doubt the BIS will be reviewing the oversight of regional banks, as more information comes to light over the recent failures and the wider impact on financial stability.…
‘Skate to where the puck is going to be, not where it has been’ – Wayne Gretzky Last week Ted Dziekanowski and I ran our new board cyber risk education program. A program that provides board members, their advisors and…
The SEC has charged 16 Wall Street firms a total of $1.1Bn for poor record keeping, with 8 firms (5 affiliates) agreeing to pay $125Mn each, 2 firms $50Mn each and 1 firm $10Mn. ‘From January 2018 through September 2021,…
The SEC starts its crypto oversight and assurance journey with a bang. Ted Dziekanowski #crypto #regulatorycompliance View Original Post
I wonder where the FCA will go with cybersecurity risk management compliance Bryan Foss if the SEC proposal on cybersecurity risk management, strategy, governance and incident disclosure is formalised. It requires boards to disclose corporate cybersecurity risks, their cybersecurity experience,…
A very interesting article on the alignment of cybersecurity and the Environmental Societal and Governance (ESG) regime. That has more relevance following the SECs proposal to regulate cybersecurity risk management. The article concisely discusses the role that cybersecurity plays across…
The European Data Protection Board (EDPB) adopted additional General Data Protection Regulation (GDPR) data breach notification guidelines at the end of 2021. At a time when the US Federal government is also progressing legislation through Congress to address cybersecurity governance,…
