Fintech / Regtech

Citi to Provide GenAI Tools to 40,000 Coders Across the Bank

31/10/2023

Citi used generative AI to analyse 1,089 pages of new capital rules proposed by US regulators in July. Over 350 other use cases have been proposed.

ESG / Sustainability

HKEX Signs MoU with Shenzhen’s CEEX to Develop GBA Carbon Markets

31/10/2023

HKEX and CEEX Shenzhen will jointly explore opportunities in cross-border carbon market connectivity and climate finance.

AML / KYC

Japan Joins US in Sanctioning Hamas Fundraisers

31/10/2023

Japan announces sanctions on nine individuals and one company following US Treasury action earlier this month.

Fintech / Regtech

G7 Nations Agree on Code of Conduct for AI Systems

31/10/2023

The code of conduct for AI developers seeks to promote the development of “secure and trustworthy” AI systems internationally.

Securities / Derivatives

China Tweaks Rules to Boost Stock Investments by State-owned Insurers

31/10/2023

China’s MOF has adjusted its method for evaluating state-owned insurers to boost their appetite for equity investment.

Fintech / Regtech

BondbloX Opens Fractional Bond Trading Platform to Individual Investors

31/10/2023

Until now, only accredited and institutional investors have been allowed to access the BondbloX Bond Exchange platform.

Enforcement

Bank of England and FCA Consider Avoiding Regulatory Definition for AI

31/10/2023

Following industry feedback on the role of AI in finance, UK regulators to address wide ranging concerns including data regulation.

Fintech / Regtech

Hong Kong FSTB Launches GBA Fintech Internship Scheme

31/10/2023

The scheme aims to nurture fintech talent by allowing post-secondary students to gain practical experience at fintech firms across the Greater Bay Area.

Uncategorised

MAS Unveils Proposals to Tackle Mobile Malware and AI Threats

31/10/2023

As financial institutions increasingly turn to GenAI to refine their operations, the  CSAP underscored the urgency of strengthening cyber defences.