Financial Services Regulation and Investigations

Publications: 08 JANUARY 2020

Hong Kong insurance market: growth and change

The Hong Kong insurance industry is going through an exciting period of growth and regulatory transition. The current regulatory framework has changed somewhat since the Insurance Authority (IA) took over responsibility for regulation and enforcement of insurers in June 2017.

Publications: 17 FEBRUARY 2020

Key Regulatory Topics: Weekly Update 07 February - 13 February 2020

Allen & Overy publish weekly updates on key regulatory topics affecting the financial services sector.

Publications: 17 FEBRUARY 2020

U.S. Treasury implements Final FIRRMA Regulations

This week, new regulations promulgated by the U.S. Department of the Treasury (the Treasury) went into effect to finalize and comprehensively implement the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA). These newly-amended regulations (the Final FIRRMA Regulations) both broaden the jurisdictional scope of the Committee on Foreign Investment in the United States (CFIUS), and institute key exceptions scaling CFIUS’s authority over certain foreign investments.

News: 10 DECEMBER 2019

Artificial intelligence is the most significant risk to businesses globally, according to directors

When asked about global risks affecting their businesses, nearly three fifths (58%) of directors stated that technological advances (artificial intelligence and machine learning) are the most significant threat. This is according to the seventh annual Directors’ Liability report by international law firm Allen & Overy, in conjunction with Willis Towers Watson (NASDAQ: WLTW), the global risk advisory and insurance broker.