Glimpsing blue whales in your tears
What’s the difference between a teardrop and an ocean? The question might seem ridiculous, but oceans and teardrops have more in common than might first seem the be the case. Both are largely composed of salty water, both have creatures living in them (tiny
Continue Reading Emerging definitions: Capturing the essence of Artificial Intelligence
The European Securities and Markets Authority (ESMA) has released a working paper on financial stability risks from cloud outsourcing, accessible here. Overall, it notes that cloud can increase resilience for financial services firms, but the paper is a timely reminder that a single outage could generate simultaneous
Continue Reading Mitigating the risks of outsourcing IT infrastructure to Cloud Service Providers
The Digital Regulation Cooperation Forum (“DRCF”) has issued a call for views on the benefits and risks of algorithmic processing uncovered in their research and set out their plan of action for the coming year.
Over the past year, DLA Piper has covered a number of developments in the area
Continue Reading UK digital watchdogs take aim at algorithms and online technologies in their plans for future regulatory collaboration
Separate to considering the legal terms and conditions that organisations ask consumer customers to sign up to, consumer experts and regulatory authorities are increasingly considering the impact of ‘online choice architecture’ (“OCA”), ie the design of websites, apps and devices that influence consumer behaviour and that leads a
Continue Reading Online Choice Architecture
In parallel to the proposal for a Regulation on Artificial Intelligence,[1] the European Commission has also presented a proposal for the new Machinery Regulation 2021[2] (Machinery Regulation), that will replace the Machinery Directive currently in force (Directive 2006/42/EC).[3]
In the first part of our analysis (available here
Continue Reading The interplay between the new Machinery Regulation and Artificial Intelligence, IoT, cybersecurity and the human-machine relationship
Earlier this year DLA Piper UK’s AI team reported on a world-leading project to pilot the use of algorithmic impacts assessments (“AIAs”), in which a framework for assessing the social impact of applying AI systems to health data is being tested by the UK’s National Health Service. Although
Continue Reading Algorithmic accountability: a practical route to applying AI ethics
The UK’s Financial Conduct Authority/FCA has recently published its three-year strategy for 2022-2025 to improve outcomes for consumers and in markets throughout the UK.
For the first time the strategy sets out the outcomes that the FCA expects from businesses across all markets. To guard against inconsistent regulation the FCA’s
Continue Reading UK Financial Conduct Authority new three-year strategy
The Hungarian Data Protection Authority (Nemzeti Adatvédelmi és Információszabadság Hatóság, NAIH) has recently published its annual report in which it presented a case where the Authority imposed the highest fine to date of ca. EUR 670,000 (HUF 250 million).
The case involved the personal data processing of a
The UK High Court’s ruling in CISGIL v IBM has been overturned by the Court of Appeal. The judgment of Soteria Insurance Limited (formerly CIS General Insurance Limited) v IBM United Kingdom Limited [2022] EWCA Civ 440 was handed down on 4 April 2022, in which Coulson, LJ declared that
Continue Reading CISGIL v IBM: The Court of Appeal decision
The world is currently in a state of unprecedented data availability. Within the financial sector, and indeed every other sector, organisations have found themselves with an abundance of data and information that they can use to better navigate the changing face of commerce. In many ways, this is incredibly helpful.
Continue Reading Financial Conduct Authority issues call for input on AI, synthetic data, and financial services innovation
This month’s Digital Law Alert brings you a selection of tech law news from March 2022:
