For a modern trade and market surveillance compliance program to be considered “fully complete,” many would contend that this would translate to leaving no stone unturned when it comes to coverage and functionality. Whether it be as tangible as market data, as exciting as waves in an initial public offering, or something less obvious but potentially more nefarious such as a series of minor security breaches or interoffice text messages, all trade and communications information influencing trade decisions must be assessed and understood as one clear connected narrative.
Securities class actions represent an increasingly important aspect of the capital markets industry. Their rise has sparked an increased demand for infrastructure and insight that is adequate to deal with them. As global jurisdictions look to catch up with the highly developed legal system of the U.S., class-actions regimes are beginning to take shape in jurisdictions such as the U.K., Saudi Arabia, and Hong Kong. This blog post will outline some of the current trends, implications, and anxieties around the recent rise of class actions in the securities industry.
What are class actions and why do they matter?
In 2019, attackers continued to target third parties, service providers, and supply chain partners with the intention of broadening the scale and impact of their attacks. Notable instances in 2019 included the following:
In 2020, we will see substantial increases in wireless data speeds as well as new applications and business models that will leverage fifth-generation (5G) wireless and Wi-Fi 6 (802.11ax). Both technologies will give enterprise users, consumers, and, yes, attackers the ability to rapidly transfer an enormous amount of data using new devices that will become available in 2020. The potential impact of these wireless technologies should be included in enterprise risk assessments and factored into policies such as bring your own device (BYOD). Coupled with a marked increase in mobile malware attacks in 2019, introduction of new wireless devices supporting 5G and Wi-Fi 6 will necessitate a deeper look at mobile device policies and defenses in 2020.
Individual coverage health reimbursement arrangements (ICHRAs) and their sisters, excepted benefit HRAs (EBHRAs) and qualified small employer HRAs (QSHRAs), are ringing in the new year as the new shiny thing in health benefits. The excise tax for high-cost employer-sponsored health plans looms over health plans, and presidential candidates are betting on entirely different health insurance delivery models that give health plans the shivers, as seen from a range of efforts to discourage or bury the possibility altogether. The question for 2020 then, is which health plans can adapt to change—challenging or not—and survive.