AI Risk & Governance

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.

Capital Adequacy

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.

Tokenisation

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.

AI Risk & Governance

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.

Cloud & Infrastructure

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.

Cybersecurity

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.

Cryptocurrency

UnionBank Becomes First Philippine Bank to Obtain VASP Licence

31/10/2023

The bank said it will use the new licence to expand its offerings and provide clients a broader range of financial services powered by blockchain.

Clearing & Post-Trade

Hong Kong Gazettes IBOR-related Amendments to Clearing Rules

31/10/2023

Subject to negative vetting by LegCo, the rule changes will commence on 1 July 2024.

Anti-Money Laundering

Elliptic Corrects Media and US Senator over Reporting on Hamas Crypto Funding

31/10/2023

Blockchain analytics firm says the WSJ and Senator Elizabeth Warren misrepresented its research in overstating the funding Hamas received through cryptocurrency.