Pocket MBA 2022: Finance For Lawyers And Other Professionals

Practising Law Institute (PLI) is hosting its annual Pocket MBA 2022: Finance for Lawyers and Other Professionals program. Pocket MBA is PLI’s hallmark program for attorneys representing clients in the financial industry, but their background training is not primarily in accounting principles and financial concepts. This program is designed to improve understanding of business strategies, accounting fundamentals, and vocabulary used by management, investors, auditors, and bankers.

Mayer Brown partner, Brian Hirshberg, will serve as a […]

By | November 18th, 2022 ||

Financial Institutions Require More Oversight Of Cybsersecurity Risk Under NYDFS

The New York Department of Financial Services (NYDFS) has published a proposal to amend its cybersecurity rules, which will require regulated companies to notify the NYDFS of a third-party cybersecurity incident within 72 hours.

A draft version of the proposal released earlier this year required financial institutions to notify regulators about such incidents within 72 hours. This newer proposal, includes this notice requirement, along with an amendment that notice be provided to NYDFS within 24 hours of making a […]

By | November 15th, 2022 ||

Central Banks Should Consider Climate And Biodiversity Shocks When Stress Testing Financial Institutions

Sylvie Goulard, Deputy Governor of the Banque de France, the French central bank, stated in a speech on October 24 that central banks need to take more aggressive action regarding nature-related risk. She posited that “monetary assessments of ecosystem services have many limitations,” in part because of their complexity and also because “shocks” in one sector can have significant impacts on other sectors. As a result, she proposed that “the best risk mitigation strategy is to […]

By | November 12th, 2022 ||