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Financial institutions (FIs) continue to expect cybersecurity and data disputes in the coming year, along with ESG disputes. We will see growth in climate-related litigation against financial institutions from NGOs and activist shareholders. Until recently, claims have focused on the disclosure of climate-related information. However, the trend is now moving to scrutiny of what prudent financial management means. For example, what fiduciary duties are owed when acting as a financial advisor in investment planning or M&A transactions?

Crypto Boot Camp returns later this month after a successful series in 2021. This year, the virtual seminar series will provide insights on how the regulatory landscape is changing and discuss the future of crypto within the financial services sector, including practical considerations when integrating crypto into established financial services, significant legal and regulatory risk, NFTs, DeFi and growth in the sector.

The Baker McKenzie Cloud Compliance Center provides a snapshot of the legal and regulatory position of cloud in key jurisdictions of interest for financial institutions, and provide simple answers to a few important headline questions that all financial institutions will need to consider when taking the leap to cloud.