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Fintech / Regtech
Goldman Sachs to Make GS DAP Platform “Industry-owned”
By Nithya Subramanian | 22/11/2024
Goldman will establish a new, standalone company to spin out GS DAP so that it can be used by more participants to interoperate seamlessly.
Fintech / Regtech
EU and Singapore Strengthen Cooperation on AI Safety
By Nithya Subramanian | 21/11/2024
The US also launched the “International Network of AI Safety Institutes” to drive alignment and encourage safe, secure, and trustworthy AI innovation around the world.
Fintech / Regtech
IAIS Publishes Paper on Supervision of AI in Insurance Sector
By Editors | 21/11/2024
The paper aims to support supervisors when applying the Insurance Core Principles to promote appropriate and globally consistent oversight of the use of AI within the insurance sector.
Fintech / Regtech
EU Publishes Draft Code of Practice for General-Purpose AI
By Thisanka Siripala | 20/11/2024
The draft Code of Practice sets out 22 measures for providers of general-purpose AI models, aiming to foster accountable and human-centric AI development.
Fintech / Regtech
BIS Launches GenAI Project to Improve ‘Inflation Nowcasting’
By Manesh Samtani | 20/11/2024
Project Spectrum will use GenAI to automatically categorise billions of individual product descriptions and price observations to improve inflation nowcasting.
Capital / Liquidity
FSB Urges G20 Leaders to Fully Implement Agreed Reforms
By Mark Johnston | 20/11/2024
FSB Chair Klaas Knot emphasises the importance of addressing financial system vulnerabilities, including through the full and timely implementation of agreed reforms.
Fintech / Regtech
Australia Sets Out Roadmap for Ending Cheque Use
By Sanday Chongo Kabange | 19/11/2024
Cheques will stop being issued by mid-2028 and stop being accepted on 30 September 2029.
Fintech / Regtech
RBI to Launch Public Cloud for Financial Services Industry
By Editors | 19/11/2024
The RBI programme will use only local IT firms to offer cloud data storage to financial firms at affordable prices.
Enforcement
ASX Files Defence in ASIC’s Misleading Statements Case
By Sanday Chongo Kabange | 19/11/2024
CEO Helen Lofthouse said there was a “reasonable basis” for the statements ASX made about the CHESS replacement project’s progress on 10 February 2022 and it did not breach the law.
Fintech / Regtech
SEBI Proposes Reforms to Make Firms Responsible for AI Use
By Nithya Subramanian | 19/11/2024
SEBI is proposing amendments that will make MIIs, intermediaries and other regulated entities accountable for their use of AI/ML tools.
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