Category: Regulations

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Unraveling DORA: Enhancing Digital Resilience in Finance

Sushant SengarLeave a Comment on Unraveling DORA: Enhancing Digital Resilience in Finance

In September 2020, the European Commission unveiled a groundbreaking initiative aimed at revolutionizing digital risk management for financial entities and critical ICT service providers. The Digital Operational Resilience Act (DORA), formally known as Regulation (EU) 2022/2554, represents a significant leap forward in fortifying digital operational resilience within the financial sector. DORA officially came into force […]

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UK’s pro-innovation approach to AI regulation

Sushant SengarLeave a Comment on UK’s pro-innovation approach to AI regulation

The consultation paper from the UK’s Department for Science, Innovation and Technology (DSIT) proposes a pro-innovation framework that aims to balance the risks and benefits of AI, while supporting the UK’s leadership in AI research and development. The document outlines the following key elements of the proposed framework: The document invites individuals and organisations to […]

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Navigating the EU AI Act: A Comprehensive Overview

Sushant SengarLeave a Comment on Navigating the EU AI Act: A Comprehensive Overview

In a significant stride toward regulating artificial intelligence (AI), the European Union proposed the EU AI Act as a draft regulation on April 21, 2021. Fast forward to December 8, 2023, and the political consensus across all three EU institutions marked a crucial step toward making this regulatory framework a reality. The EU AI Act […]

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