AI Risk & Governance

EU, US Jointly Developing Voluntary Code of Conduct for AI

02/06/2023

The first-of-its-kind voluntary code of conduct for AI could be drawn up within weeks, said EU official Margrethe Vestager.

Cloud & Infrastructure

BNM Incorporates Cloud-specific Risks in Regulatory Framework

02/06/2023

BNM has updated its policy on risk management in technology to include requirements on the adoption and use of public cloud infrastructure.

Structural Regulation

Credit Suisse Halts Plans to Set Up Bank in China – Report

02/06/2023

Credit Suisse had been preparing for years to set up a wholly owned local bank in China.

Operational Risk

China to Issue New Rules for Debt Collectors in August

01/06/2023

One of China’s biggest debt collection firms is considering ceasing operation due to tightening supervision of the industry.

Payments & Settlements

Korea Launches New Online Loan Switching Platform

01/06/2023

The new online platform allows existing borrowers to search for and switch to more favourable loan deals.

Payments & Settlements

RBA Publishes Findings from Payments Infrastructure Review

30/05/2023

The external review was conducted by Deloitte in response to a four-hour outage suffered by the RBA in October 2022.

Conduct, Culture & Accountability

PwC Australia Announces Removal of Nine Partners

30/05/2023

PwC Australia has directed nine partners to go on leave pending the outcome of an investigation into the leak of confidential government information.

Reporting & Disclosures

NZ FMA to Issue Additional Guidance on Climate Disclosures

30/05/2023

The FMA will issue guidance covering monitoring, third-party providers, record-keeping, and scenario analysis in June and July.

Fraud, Scams & Cybercrime

Taiwan Intensifies Crackdown Against Fake Online Ads

29/05/2023

The FSC is working with Meta and Google to remove misleading investment advertisements from their platforms.