AI Risk & Governance

US FTC Probes OpenAI’s ChatGPT Over Consumer Protection Concerns

17/07/2023

A key focus of the investigation is the possibility of ChatGPT generating false, misleading, or disparaging statements about real individuals.

Market Data & Technology

DSB Integrates UPI in OTC ISIN UAT Environment 

17/07/2023

Users of the OTC ISIN UAT environment can now develop and test changes to their systems to incorporate the UPI as part of the OTC ISIN record.

Payments & Settlements

RBI and CBUAE Sign MoUs to Boost Cross-Border Payments

17/07/2023

The first MoU will promote the use of local currencies for cross-border transactions. The second is aimed at interlinking India and UAE’s payment and messaging systems.

Clearing & Post-Trade

ASIC to Host Industry Roundtable on CHESS Replacement Project

17/07/2023

ASIC chair Joe Longo will chair an industry roundtable on 2 August to discuss a proposed CHESS replacement solution.

Anti-Money Laundering

US Probe Prompts Staff and Executive Departures at Binance – Reports

17/07/2023

Over 1,000 employees have reportedly been laid off in recent weeks. A number of key senior executives have also departed.

Anti-Money Laundering

US Virgin Islands Demands $190m from JPMorgan in Epstein Case

17/07/2023

The territory said in a court filing that JPMorgan did not place compliance with the law and prevention of trafficking ahead of its own profits.

Reporting & Disclosures

SEBI to Require Listed Entities to Cover ‘Value Chain’ in ESG Disclosures

16/07/2023

Listed companies will have to incorporate ESG information from firms in their value chain in their annual BRSR reports, and obtain assurance for such information.

Payments & Settlements

France Agrees to Accept UPI Payments from Indian Travellers

15/07/2023

Indian tourists will be able to use the UPI system to make payments in Indian rupees while visiting France.

Cryptocurrency

US Judge Skeptical of SEC Stance Against Coinbase

15/07/2023

In a pre-motion hearing, the judge suggested it was reasonable for Coinbase to think they were not breaking the law based on the SEC’s issuance of the S-1 form.