Articles about regulation

Businesses and politicians are calling on the EU to pause the rollout of its wide-ranging new AI Act which became law last year. The act relies on technical standards which have been slow to emerge. Provisions of the act such as new rules for General-Purpose AI (GPAI) models, due to apply on August 2nd, still lack essential guidance.

Swedish prime minister Ulf Kristersson has called the new rules ‘confusing’ and said that he worried the continued rollout could lead to Europe falling behind technologically or specific applications not being available on the European market.

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A newly released survey of US regulatory compliance professionals shows 63 percent say that technology-driven risk is the most significant market force likely to cause compliance issues for US financial services firms in 2025.

Other forces cited are global economic instability (58 percent), increasing regulatory complexity (48 percent), digital assets and crypto markets (37 percent each) and geopolitical instability (20 percent).

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Protecting critical national infrastructure (CNI) against attack is a huge undertaking for governments and for those organizations that deliver CNI services.

New regulation in Europe -- the NIS2 Directive -- includes an increased focus on resilience for CNI, covering traditional critical services like banking, utilities, transport and public safety as well as new provisions for digital service providers. In 2025, the Digital Operational Resilience Act (DORA) will enforce more stringent resilience and security requirements on the financial sector. And in the UK, the forthcoming Cyber Security and Resilience Bill will demand more investment in security too.

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The rise of AI and increasing global regulations have raised the stakes for businesses, as they navigate complex requirements to protect sensitive data and ensure ethical practices.

A new survey from trust management platform Drata reveals that 48 percent of governance, risk, and compliance (GRC) professionals struggle to keep pace with updates to existing compliance frameworks and identifying areas needing attention.

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Research from IT consultancy Zartis shows 72 percent of UK tech executives want more AI regulation, and almost a third (29 percent) want 'a lot more'.

The study, carried out by Censuswide, surveyed 100 senior technology executives in the UK and finds around 80 percent claim global government coordination of AI regulation is important to their company and 41 percent say it’s very important.

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The last 12 months have been seismic for cybersecurity, with successful hacks and breaches continuing to make front-page news. The task of keeping networks and data safe is an ever-evolving one, with hackers and cybersecurity professionals in a constant state of cat-and-mouse as they try to outsmart one another.

Events of the past year, including the widespread adoption of, and interest in, AI, as well as new geopolitical challenges, have had a profound impact. They provide some clues as to what 2024 might hold.

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AI’s path to maturity lacks footing without the stamp of regulation. While the recent developments of the White House executive order and the EU AI Act are a good start, there’s a lot of progress to be made in terms of AI research and rule-making. Because if we want to unlock the full range of AI use cases, we’re going to need precise regulation, tailored to the unique needs of each sector.

Generative AI sparks an opportunity to transform every industry; a prospect that has prompted a flurry of AI innovation across verticals that will undoubtedly send ripple effects throughout the economy. McKinsey estimates that across 63 different use cases, generative AI could contribute between $2.6 trillion to $4.4 trillion to the global economy annually. But sector and use-case-specific regulatory framework is imperative if we want to harness this potential and ensure responsible, safe applications of generative AI.

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