Live Breaking News & Updates on Cyber Coordination Group
Stay updated with breaking news from Cyber coordination group. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
FCA Business Plan 2021/22: Increased Enforcement Activity Expected in the Year Ahead | Dechert LLP jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
Surveys and Reports Regulatory Developments United Kingdom: Financial Services Act 2021 becomes law On 29 April 2021, the Financial Services Bill 2019-21 received Royal Assent. In a press release, HM Treasury described the Financial Services Act 2021 (the Act) as a ‘major milestone in shaping a regulatory framework for UK financial services outside of the EU.’ The Act makes significant amendments to key legislation, including the Financial Services and Markets Act 2000 (FSMA) and onshored EU financial services regulation. Sections of particular relevance include the following: Section 29 requires the FCA to consult on whether it should make rules providing that authorised persons owe a duty of care to consumers. The consultation was launched on 14 May 2021 (see the separate item below). The FCA must publish the results of its analysis before 1 January 2022 and make final rules by 1 August 2022; ....
Recent regulatory developments of interest to most financial institutions. Contents Tackling financial exclusion: House of Lords Liaison Committee follow-up report Safe harbour provisions to support the wind-down of critical benchmarks: RFRWG letter Net zero and the future of green finance: Treasury Committee report UK Future Regulatory Framework Review: BoE speech on PRA policymaking UK MiFID research and best execution reporting requirements: FCA CP21/9 Strengthening financial promotion rules for high-risk investments and firms approving financial promotions: FCA DP21/1 Compliance, culture and evolving regulatory expectations: FCA speech Improving effective regulation: FCA speech Why black inclusion matters: FCA speech Climate change and sustainable finance: FCA webpage ....
AXA XL appoints new global chief underwriting officer for cyber ANI | Updated: Feb 10, 2021 18:41 IST New Delhi [India], February 10 (ANI/NewsVoir): AXA XL announced that Michael Colao has joined as Global Chief Underwriting Officer, Cyber, reporting to the recently promoted Global Chief Underwriting Officer for Financial Lines, Libby Benet. Commenting Benet said, Michael brings a wealth of knowledge from his nearly 20 years as a senior Cyber Security expert in the financial service industry, his background, and technical expertise will complement the underwriting talent within our global cyber team, providing a unique perspective into cyber risk. Based in London, Colao will manage aggregate cyber exposure across AXA XL s products globally. Additionally, he will help develop and implement strong underwriting standards globally, and drive innovation to ensure AXA XL continues to be a partner of choice in this important lin ....
AXA XL Names Colao as Global Chief Underwriting Officer for Cyber January 28, 2021 AXA XL announced that Michael Colao, who has 20 years experience in financial services cyber security, has been named global chief underwriting officer for Cyber. Colao will manage aggregate cyber exposure across AXA XL’s products globally. Additionally, he will help develop underwriting standards globally, and drive innovation in the cyber line of business. Colao most recently served as corporate chief security officer within AXA Group Operations where he oversaw information security, physical security and operational resilience for multiple entities within AXA Group, including AXA XL. Prior to that, he served as chief security officer for AXA UK and Ireland, for nearly a decade, managing cyber security for 15 AXA-owned companies globally. ....