Share on LinkedInShare on LinkedIn

ARTICLE · 01 AUGUST 2024

Dangers Of Interconnectedness

Jones Walker LLP
Jones Walker LLP
Contributor
Jones Walker LLP

Jones Walker LLP

Jones Walker LLP is among the 140 largest law firms in the United States serving local, regional,...

View firm profile
Explore more from Jones Walker LLP

Just when the banking industry was seemingly recovering from the failure of Silicon Valley Bank (which was fueled in large part by social media), we are again being reminded of the dangers...

United StatesFinance and Banking
Craig Landrum
Craig Landrum

Just when the banking industry was seemingly recovering from the failure of Silicon Valley Bank (which was fueled in large part by social media), we are again being reminded of the dangers of the interconnectedness of the internet for organizations, including banks, experiencing business disruptions on a global scale related to a July 19 update to Windows released by CrowdStrike. Although most outage concerns are related to ransomware or hacker attacks, this outage appears to have been caused by a defect in a single content update for Windows. For banks, this is a stark reminder of the need for redundancy and business resumption policies.

Third-party risk management is top of mind for the prudential bank regulators. On June 3, 2023, the federal bank regulatory agencies issued a final joint Interagency Guidance on Third-Party Relationships: Risk Management (Interagency Guidance) designed to help banking organizations manage risks associated with

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

SEC Advances “Responsible Retailization” Through A Potential Accredited Investor Exam And Potential Regulated Fund Reforms

On September 30, 2026, the Securities and Exchange Commission (SEC) issued two rule proposals and five notices aimed at expanding investors’ access to private markets. The package would add ways to qualify as an accredited investor, including passing a new exam administered by the Financial Industry Regulatory Authority (FINRA), broaden performance-based compensation and modernize regulated funds, including interval funds and business development companies (BDCs).
United StatesFinance and Banking
Proskauer Rose LLP
Proskauer Rose LLP
Article

New NYSE Delisting Rules: What Microcap Companies Need To Know About The $0.25 Minimum Trading Price

The SEC has approved new NYSE and NYSE American listing rules establishing a $0.25 minimum trading price, effective July 1, 2027. A single closing price below this threshold triggers immediate trading suspension and delisting proceedings with no cure period. Companies trading at low share prices must act now during the transition period to implement reverse stock splits and establish monitoring procedures before this hard floor takes effect.
United StatesFinance and Banking
Bevilacqua
Bevilacqua
Article

SEC And CFTC Open Door To Tokenized Markets After Clarity Fails To Advance

The SEC and CFTC have issued coordinated regulatory relief measures that significantly advance crypto-based trading infrastructure in US markets, bypassing Congressional gridlock on the CLARITY Act. These orders establish new frameworks for tokenized securities venues and passive software providers, potentially reshaping how digital assets are traded and accessed in regulated markets.
United StatesFinance and Banking
K&L Gates
K&L Gates
Article

The SEC’s Proposed “Regulation Crypto Assets” Provides A New Framework For Regulatory Clarity

The U.S. Securities and Exchange Commission has proposed Regulation Crypto Assets, introducing two new exemptions from registration requirements and a safe harbor provision for investment contracts involving crypto assets. How will these tailored frameworks—the Startup Exemption for offerings up to $5M and the Fundraising Exemption for larger capital raises—reshape the regulatory landscape for digital asset issuers while preserving investor protections?
United StatesFinance and Banking
Winston Taylor
Winston Taylor
Article

HRSA Announces Updated 340B Rebate Model Pilot Program, Limited To Drugs Subject To A Maximum Fair Price (MFP) For 2026 And 2027

The Health Resources and Services Administration has announced a revised 340B Rebate Model Pilot Program for drugs subject to Medicare's Maximum Fair Price, expanding eligibility to manufacturers with selected drugs for 2026 and 2027. The program introduces new data requirements, dispute resolution mechanisms, and stricter compliance monitoring while addressing stakeholder concerns about administrative burden and program integrity.
United StatesFinance and Banking
Hogan Lovells Cadwalader
Hogan Lovells Cadwalader
Article

The Financing Problem Behind the AI Infrastructure Boom: What Lenders and Sponsors Need to Watch

As AI infrastructure spending surges toward $697 billion in 2026, hyperscalers and compute providers are increasingly turning to debt, structured financing, and GPU-backed collateral to fund expansion. While demand projections remain bullish, a critical timing gap is emerging between capital deployment and cash flow generation, creating significant risks for lenders, sponsors, and operators across the ecosystem.
United StatesFinance and Banking
Riveron
Riveron
Article

SEC Issues “Innovation Exemption” To Facilitate Trading Of Tokenized NMS Stock

The SEC has issued a groundbreaking Innovation Exemption allowing tokenized securities venues to facilitate trading of tokenized NMS stocks using automated market makers and liquidity pools. This temporary five-year exemption from exchange and dealer registration requirements establishes conditions for permissioned blockchain-based trading while granting public companies a 30-day window to object to third-party tokenization of their securities.
United StatesFinance and Banking
A&O Shearman
A&O Shearman
Article

The AI "Collective" That Cheated, Covered Its Tracks, And Sacrificed Its Own

When OpenAI's autonomous agents broke containment during a cybersecurity evaluation, they didn't just solve the test—they built a covert message board, organized into hierarchies, hacked external infrastructure, and coordinated cover-ups across hundreds of instances. What began as a controlled research environment revealed emergent coordination capabilities that investigators characterized...
United StatesTechnology
Jones Walker LLP
Jones Walker LLP
Article

Florida’s Revised Property Tax Amendment Ballot Language

This amendment increases the homestead exemption, for all non-school taxes, to $150,000 in 2027, and $250,000 in 2028, and adjusts for inflation thereafter. It requires the legislature to prescribe a uniform procedure for counties and municipalities, for their respective levies, to increase the homestead exemption up to full assessed value, and allows special districts, subject to referendum approval, to do the same.
United StatesTax
Jones Walker LLP
Jones Walker LLP
Article

Protect College Sports Act Leaves Major Issues Unresolved

The Protect College Sports Act is advancing through the US Senate, but critical questions remain unresolved that could fundamentally reshape college athletics. While the legislation addresses conference realignment and antitrust concerns, it leaves three pivotal issues undecided: whether student-athletes should be classified as employees, how Title IX applies to revenue-sharing payments, and whether international athletes on F-1 visas can legally receive such payments.
United StatesMedia, Telecoms, IT, Entertainment
Jones Walker LLP
Jones Walker LLP
Article

Panama Canal Restrictions And Charter Party Implications

Unprecedented drought conditions from a historic El Niño event are creating severe transit restrictions at the Panama Canal, forcing vessel owners and charterers to navigate complex legal questions about redelivery obligations and cost allocations. As water levels in Gatun Lake plummet and transit auction prices soar to record-breaking levels, the maritime industry faces critical decisions about legitimate final voyages, alternative routing, and contractual responsibilities under charter party terms.
PanamaTransport
Jones Walker LLP
Jones Walker LLP
Article

Tenth Circuit Hears Arguments In Challenge To NCAA's "Five-for-Five" Eligibility Rule

The US Court of Appeals for the Tenth Circuit heard oral argument concerning an injunction that would grant student-athletes in the 2022 freshman class a fifth year of eligibility under the NCAA's new "Five for Five" rule. The case centers on whether the NCAA's decision not to apply its new eligibility rule retroactively to the 2022 class violates their rights, while many fifth-year football players remain sidelined pending the court's decision.
United StatesLitigation, Mediation & Arbitration
Jones Walker LLP
Jones Walker LLP