The hottest Regulatory Compliance Substack posts right now

And their main takeaways
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2. When Your AI is Lying To You

Arpitrage • 470 implied HN points • 09 Feb 26
💰 Finance Regulatory Compliance
  1. Finance work is mostly about processing large volumes of documents, and building pipelines to extract, index, and semantically understand those texts lets teams scale research, compliance, and automated actions. You still need provenance, governance, and clear workflows so those outputs are trustworthy.
  2. AI abilities are uneven: it can boost accuracy and productivity on tasks inside its capability frontier but can hurt performance outside that frontier, so humans need to stay engaged with clear roles (e.g., dividing work or iterating together). This also means guarding against cognitive complacency as tools get easier to use.
  3. Hallucinations are a core risk with LLMs, and the practical fix today is grounding models with retrieval-augmented generation (RAG) that pulls answers from a curated corpus. RAG reduces made-up claims but doesn't eliminate errors, so high-stakes outputs still require human verification.

How is your DSA today?

Tech + Regulation • 39 implied HN points • 22 Aug 24
🕹 Technology Regulatory Compliance
  1. The European Commission has started enforcing the Digital Services Act but faces a slow setup of the necessary institutions to implement it. They are focusing on big platforms and asking for information on issues like protecting minors and risk assessments.
  2. New regulatory bodies called Digital Services Coordinators must be established in EU countries to help enforce the DSA. However, some countries are still lagging behind in appointing these coordinators.
  3. The new out-of-court settlement mechanisms could help users appeal content moderation decisions easier, but there are risks about handling the volume of appeals and ensuring fairness in the process.

CISA - Secure Software Development Attestation Final Form

Resilient Cyber • 79 implied HN points • 13 Mar 24
🕹 Technology Regulatory Compliance
  1. CISA has released a final form for secure software development that vendors need to follow to sell software to the Federal government. This means companies must prove their software is developed with important security practices.
  2. The attestation form applies to software developed or significantly changed after September 14, 2022, making it crucial for many vendors. This rule covers popular Software as a Service (SaaS) products as well.
  3. Not all software is included; for example, software created directly by Federal agencies and open-source software is exempt. This leaves some gaps in security measures that need attention, especially for software that might still pose risks.

Modernizing FedRAMP

Resilient Cyber • 139 implied HN points • 30 Oct 23
🕹 Technology Regulatory Compliance
  1. FedRAMP is being updated to make it easier for the government to use cloud services. The goal is to increase the number of authorized cloud providers and reduce the complicated process that currently exists.
  2. The memo emphasizes the use of automation and machine-readable formats to speed up compliance processes. This means that instead of relying on paper documents, they'll use technology to better manage security assessments.
  3. There's a push to allow more existing security certifications to count towards FedRAMP requirements. This could help smaller businesses enter the market and expand the options available for federal agencies.
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Cybersecurity First Principles & Shouting Into the Void

Resilient Cyber • 239 implied HN points • 28 Apr 23
🕹 Technology Regulatory Compliance
  1. Cybersecurity issues won't fix themselves through friendly advice. The market often tolerates insecure products, leading to many security breaches that affect us all.
  2. Changing how we handle cybersecurity needs new rules. We must shift accountability and liability to make companies take security seriously and protect the data of their customers.
  3. Cybersecurity can be a key part of business success. If companies start prioritizing security due to regulations, it could help reduce risks and become a real advantage.

Lies, Damned Lies, and Probabilistic Risk Analysis

Gordian Knot News • 139 implied HN points • 26 Feb 25
🔬 Science Regulatory Compliance
  1. Probabilistic Risk Assessment (PRA) tries to predict safety risks in nuclear power, but it often fails to represent real-world risks accurately. It can miss important events and rely on unclear data.
  2. Making complicated systems with many backups can create unexpected problems. While it seems safer, this complexity can lead to more failures instead of preventing them.
  3. Claiming that nuclear accidents are highly unlikely can harm public trust. It's better to acknowledge that accidents might happen and focus on minimizing their impact.

Illumina: Icahn's Gambit

Nongaap Investing • 50 implied HN points • 08 May 23
💼 Business Regulatory Compliance
  1. Illumina's response to a blogger's questions might lead to resignations in the company.
  2. Addressing unanswered issues could influence significant governance matters at Illumina.
  3. Investors should pay attention to unaccounted shares, financial dealings, and potential conflicts within Illumina and Grail.

Alert: Central Bank of Nigeria Circular OFI/DOA/LTT/CON/002/138

RegAlert • 0 implied HN points • 08 Oct 21
💰 Finance Regulatory Compliance
  1. All Other Financial Institutions in Nigeria must prepare their annual financial statements according to International Financial Reporting Standards (IFRS) starting from the 2021 financial year.
  2. The Central Bank of Nigeria will no longer accept financial statements that do not comply with IFRS, and non-compliance will lead to penalties.
  3. OFIs adopting IFRS for the first time must follow IFRS 1 for first-time adopters to ensure compliance.

Alert: Central Bank of Nigeria Circular BSD/DIR/PUB/14/063

RegAlert • 0 implied HN points • 02 Sep 21
💰 Finance Regulatory Compliance
  1. The Central Bank of Nigeria issued guidelines on regulatory capital for financial institutions in the country, requiring them to meet specified minimum capital requirements.
  2. Financial institutions in Nigeria are advised to maintain compliance with the newly issued guidelines on regulatory capital and seek clarification from the regulatory body in case of any uncertainties.
  3. It is crucial for financial institutions in Nigeria to carefully adhere to the guidelines provided in Circular BSD/DIR/PUB/14/063 to ensure regulatory compliance.

Alert: Central Bank of Nigeria Circular BSD/DIR/PUB/14/063

RegAlert • 0 implied HN points • 02 Sep 21
💰 Finance Regulatory Compliance
  1. The Central Bank of Nigeria issued revised guidelines on supervisory review process for internal capital adequacy assessment to enhance supervision and risk management in financial institutions.
  2. Financial institutions in Nigeria are required to comply with the new guidelines to ensure accurate assessment of internal capital adequacy.
  3. The aim of the revised guidelines is to strengthen the supervision and risk management practices in the financial sector of Nigeria.

Alert: Central Bank of Nigeria Circular FPR/AML/CON/BOF/006/002

RegAlert • 0 implied HN points • 10 Feb 21
💰 Finance Regulatory Compliance
  1. Financial institutions in Nigeria must accept Machine Readable Convention Travel Documents and Refugee Identification Cards as valid means of identification for banking transactions.
  2. Effective customer due diligence policies and procedures are necessary for combating money laundering, terrorism financing, and the proliferation of weapons of mass destruction.
  3. The Circular FPR/AML/CON/BOF/006/002 from the Central Bank of Nigeria highlights the importance of compliance and vigilance in the financial sector.

Alert: Central Bank of Nigeria Circular DFD/RAC/INT/RSP/02/095

RegAlert • 0 implied HN points • 05 Nov 21
💰 Finance Regulatory Compliance
  1. Financial institutions must adhere to the revised guidelines of the Anchor Borrowers' Programme (ABP) by the Central Bank of Nigeria from September 2021.
  2. The guidelines specify the procedures and criteria for participating in the ABP, as outlined by the Development Finance Department of the Central Bank of Nigeria.
  3. Interested parties can access the complete guideline document, DFD/RAC/INT/RSP/02/095, on the official Central Bank of Nigeria website for further details.

Disclosure Dilemma: When more (data) leads to less (information)!

Musings on Markets • 0 implied HN points • 14 Jul 21
💼 Business Regulatory Compliance
  1. More disclosure doesn't always help investors understand companies better. In fact, long and complicated reports can make it harder to find important information.
  2. Corporate filings like the 10-K and S-1 have gotten longer and more complex over the years. This means that reading them has become more confusing and less helpful for investors.
  3. There should be a balance in disclosures. Regulators need to consider what information truly benefits investors, not just add more rules that lead to information overload.

Accounting Fraud

Musings on Markets • 0 implied HN points • 07 Jan 09
💼 Business Regulatory Compliance
  1. Self-interest is often more powerful than accountability in companies. When people face conflicts, they usually prioritize their own benefits.
  2. Good corporate governance is important to prevent fraud. Having a board that asks smart questions can help keep management honest.
  3. New accounting rules won't stop fraud. Companies often find ways to cheat around regulations, so being skeptical can save investors from losses.

Alert: Central Bank of Nigeria Circular ACGSF

RegAlert • 0 implied HN points • 18 Nov 21
💰 Finance Regulatory Compliance
  1. Financial institutions must adhere to the guidelines of the Agricultural Credit Guarantee Scheme Fund in Nigeria, approved by the Board in March 2021.
  2. The document with the guidelines is meant for internal use by the Central Bank in Nigeria.
  3. For further details, the guidelines for the Agricultural Credit Guarantee Scheme Fund can be downloaded from the Central Bank's website.

Alert: Central Bank of Nigeria Circular FPR/AML/PUB/CIR/001/029

RegAlert • 0 implied HN points • 06 Jul 23
💰 Finance Regulatory Compliance
  1. Banks and financial institutions need to implement enhanced due diligence based on the outcomes of the FATF Plenary, which added Cameroon, Croatia, and Vietnam to the 'Increased Monitoring' list.
  2. The Democratic People's Republic of Korea, Iran, and Myanmar are still considered high-risk jurisdictions and are subject to 'Call for Action'.
  3. Counter-measures may need to be taken to protect the international financial system alongside implementing enhanced due diligence.