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On February 12, the Secretary of the Treasury Janet Yellen participated in a virtual meeting with G7 finance minsters and central bank governments. The secretary emphasized the commitment of the Biden administration to multilateralism to solve global issues, stating that the United States “places a high priority on deepening our international engagement and strengthening our alliances.” For more information, click
On February 12, the Federal Reserve Board released the hypothetical scenarios for its 2021 bank stress tests. Last year, the board found that large banks were generally well capitalized under a range of hypothetical events, but due to continuing economic uncertainty, placed restrictions on bank payouts to preserve the strength of the banking sector. The exercise evaluates the resilience of large banks by estimating their loan losses and capital levels, which provide a cushion against losses under hypothetical recession scenarios that extend nine q
Companies forced to pivot to remote work in a global health crisis spent the bulk of 2020 grappling with heightened cyber-security risks. A year later, compliance practitioners say their companies’ cyber-security postures are better for it even in the wake of the stunning SolarWinds hack.
State Legislative Privacy Law in the US natlawreview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from natlawreview.com Daily Mail and Mail on Sunday newspapers.
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Virginia is for lovers and, in the near future, may be for privacy as well, as the Commonwealth’s legislature is currently considering adopting its own comprehensive consumer data privacy law: The Consumer Data Protection Act (CDPA).
The CDPA, which would establish a framework for controlling and processing personal data in Virginia, is comprised of House Bill 2307 and Senate Bill 1392, and appears to be close to crossing the goal line in Richmond. The House passed its bill on January 29, 2021, and subsequently referred it to the Senate Committee on General Laws and Technology on February 1. Similarly, the Senate unanimously passed its bill on February 3, and it was referred to the House Committee on Communications, Technology and Innovation on February 7. All that remains now is for the House and Senate to complete the reconciliation process and present the legislation to Governor Ralph Northam for his approval, which