AI Risk & Governance

AI Risk & Governance

ASIC Puts Bank Boards on Notice Over AI Risks and Governance

By Sanday Chongo Kabange | 24/07/2025

ASIC has warned that existing financial services laws apply directly to AI, placing the onus on boards to manage risks of consumer harm.

AI Risk & Governance

BSP to Enhance Regulatory Framework for Digital-Centric Banks

By Nithya Subramanian | 18/07/2025

The Philippine central bank is drafting rules to assess digital adoption in traditional banks. AI risk guidelines are also in development.

AI Risk & Governance

MAS Rolling Out Four Pronged Responsible AI Adoption Strategy

By Nithya Subramanian | 17/07/2025

Chia Der Jiun unveiled a four-pronged strategy to promote responsible AI adoption in financial services, and said MAS has completed its Quantum Key Distribution sandbox trial

AI Risk & Governance

HKMA to Expand Use of Granular Risk Data from Banks

By Sanday Chongo Kabange | 17/07/2025

Carmen Chu announced the results of HKMA's "Fintech Maturity Stock-take" exercise and plans to consult the industry on the development of a new data strategy.

Cloud & Infrastructure

GIFT City Regulator Amends Proposals for TechFin and Ancillary Services

By Mark Johnston | 17/07/2025

Feedback on IFSCA's proposed regulations highlights concerns over re-registration costs, mandatory officer appointments, and restrictive client eligibility criteria.

AI Risk & Governance

US Allows Nvidia to Resume Sales of H20 AI Chips to China

By Nithya Subramanian | 16/07/2025

After tighter export controls were announced in April, Nvidia has been "assured" by the US government that licences will be granted and it could start deliveries soon.

PEPs & Sanctions

Malaysia Imposes Permit Requirement on US AI Chip Exports

By Editors | 15/07/2025

The move aims to close regulatory loopholes and prevent illicit trade amid US pressure to stop advanced semiconductors from reaching China.

Emerging Prudential Risks

HKMA Calls for Enhanced NBFI Monitoring to Counter Stability Risks

By Sanday Chongo Kabange | 15/07/2025

HKMA’s Darryl Chan has called for agile regulation and international cooperation to manage threats from global fragmentation, innovation, and market volatility.

Market Abuse

Korea to Launch AI-Powered ‘One-Strike-Out’ System for Unfair Trading

By Manesh Samtani | 10/07/2025

A new joint task force will use individual-based surveillance and AI to freeze accounts, impose heavy fines, and ban manipulators from the market.