Federal Judicial Conference to Revise Rules of Evidence to Address AI Risks
Debevoise & Plimpton LLPImportant changes to the Federal Rules of Evidence (“FRE”) regarding the use of AI may be on the horizon, including a proposal before the Federal …
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FINRA's 2025 Regulatory Oversight Report on Artificial Intelligence| 02
Debevoise & Plimpton LLPFirms should consider implementing a Gen AI governance program that (1) identifies low-risk AI uses cases that do not need a robust compliance …
Debevoise Lawyers Author Two Chapters in PLI's Second Edition of “Cybersecurity: A ...
Debevoise & Plimpton LLP...risks. Chapter 14:Artificial Intelligence. This chapter explores the vulnerabilities AI technologies face, such as adversarial attacks and …
Treasury's Post-2024 RFI Report on AI in Financial Services – Uses, Opportunities, and Risks| 2025
Debevoise & Plimpton LLPFirms should consider requiring a regulatory compliance review for any higher-riskgenerative AI use cases that are moving into production, …
Colorado Proposes ExtendingAIRegulation to Health and Auto Insurers | 12 | 2024
Debevoise & Plimpton LLPOn December 6, 2024, the Colorado Division of Insurance released a draft proposed amendment to Regulation 10-1-1, Governance and Risk Management …
Regulation & PolicyBanking & FinanceGovernance & Risk ManagementHealthcare
Debevoise Digest: Securities Law Synopsis - December 2024
Debevoise & Plimpton LLPArtificial Intelligence(“AI”) Disclosure:AI-related disclosures have ...AI-relatedrisks,riskfactors andriskmanagement practices. The …
ManagingAI-Related Risks Associated with Vendors | 12 - Debevoise & Plimpton LLP
As private equity firms ramp up their AI adoption, one of the most difficult challenges they face is managing third-partyrisk …
Helpful Guidance on ManagingAI-Related Cybersecurity Risksfrom Hong Kong's SFC | 11
Debevoise & Plimpton LLPIn this blog post, part 1 in a 2-part series on the SFC's Circular on Use of GenerativeAILanguage Models, we discuss new requirements to address …
Key Considerations for the 2024 Annual Reporting Season | 11 - Debevoise & Plimpton LLP
...artificial intelligence(“AI”) disclosures. Companies should review these disclosures and refresh theirriskfactors to address emergingrisks …
Managing Cybersecurity Risks Arising fromAI– New Guidance from the NYDFS | 10 | 2024
Debevoise & Plimpton LLPOn October 16, 2024, the NYDFS issued an Industry Letter providing guidance on assessing cybersecurityrisksassociated with the use of AI under …
DOJ Updates Guidance on Corporate Compliance Programs to Include AI Risk Management | 2024
Debevoise & Plimpton LLPOn September 23, 2024, the U.S. Department of Justice updated its guidance to federal prosecutors related to the “Evaluation of Corporate …
Regulation & PolicyMarkets & InvestmentGovernment & Public Sector
NYDFS Adopts Final Circular on Use of AI or External Data by Insurers | 07 | 2024
Debevoise & Plimpton LLPThe 2019 Letter was limited to the use of external consumer data and information sources for underwriting life insurance and focused onrisksof …
Treasury's Report onAI(Part 2) – ManagingAI-Specific Cybersecurity Risksin the Financial Sector
Debevoise & Plimpton LLPOn March 27, 2024, the U.S. Department of Treasury released a report on Managing Artificial Intelligence-Specific Cybersecurity Risksin the …
FINRA Issues Brief Reminder on Managing Generative AI Riskin Supervisory Tools | 07
Debevoise & Plimpton LLPWhile the SEC made an early foray into proposing rules to govern use of generativeAI(Gen AI) by broker-dealers, FINRA has been taking a more …
Federal Regulators Approve New Rule onAIUse and Bias Risksin Real Estate Valuation
Debevoise & Plimpton LLPOver the last week, the Consumer Financial Protection Bureau (“CFPB”) and the Office of the Comptroller of the Currency (“OCC”) approved the …
Regulation & PolicyMarkets & InvestmentGovernment & Public SectorBanking & Finance
The UK's Use of Competition and Consumer Laws to RegulateAI| 06 | 2024 | Publications
Debevoise & Plimpton LLPIt includes a detailed description of potentialAI-relatedrisksto otherwise competitive markets, as well as six key AI principles that businesses …
Treasury's Report onAI(Part 1) – Governance and Risk Management | 04 | 2024
Debevoise & Plimpton LLPOn March 27, 2024, the U.S. Department of Treasury (“Treasury”) released a report on Managing Artificial Intelligence-Specific Cybersecurity Risks …
Preparing forAIWhistleblowers | 04 | 2024 | Publications - Debevoise & Plimpton LLP
Asartificial intelligence(“AI”) use and capabilities surge, a newriskis emerging for companies:AI whistleblowers …
The Increasing RisksofAIWashing and Securities Fraud Class Actions | 04 | 2024
Debevoise & Plimpton LLPMany public companies are starting to face increasedriskof securities class action litigation based on statements about their use of AI that are …
AIEnforcement Starts with Washing: The SEC Charges its FirstAIFraud Cases | 03 | 2024
Debevoise & Plimpton LLPRisk Assessments. For high-risk AI systems, consider conducting impact assessments to determine foreseeablerisksand how best to mitigate thoserisks …
30 Days to Form ADV: Have You Reviewed YourAIDisclosures? | 02 | 2024 | Publications
Debevoise & Plimpton LLPRegistered investment advisers (“RIAs”) have swiftly embraced AI for investment strategy, market research, portfolio management, trading,risk …
RiskofAIAbuse by Corporate Insiders Presents Challenges for Compliance Departments
Debevoise & Plimpton LLPCompanies should consider auditing and version control of information used by high-risk AI systems to better detect and remediate any improper changes …
The NYDFS Plans to Impose Significant Obligations on Insurers Using AI or External Data
Debevoise & Plimpton LLP...risksinherent in using ECDIS and AI.” Arisk-based approach should allow for some uses of ECDIS or AIS in underwriting or pricing to be deemed …
NAIC 2023 Fall National Meeting Highlights | 12 - Debevoise & Plimpton LLP
The survey revealed that life insurers mainly useAI/ML models for marketing, underwriting, pricing andriskmanagement operations. Of the 42% of …