AI Risk & Governance

AI Risk & Governance

PBOC Embracing AI to Create “Digital Central Bank”

By Mark Johnston | 19/03/2025

Besides leveraging AI in the performance of its own duties, the PBOC will also promote the use of the technology by financial institutions.

Conduct, Culture & Accountability

Korea FSS Starts On-site Inspections of Online Loan Brokers

By Thisanka Siripala | 19/03/2025

The focus is on whether the platforms prioritise financial products that benefit consumer needs, such as by listing loans with lower interest rates first.

Cloud & Infrastructure

Korea FSS Announces Plans to Transform Supervisory Processes

By Thisanka Siripala | 19/03/2025

The digital transformation plan includes AI-based risk monitoring, a paperless regulatory framework, and a cloud-based collaboration system.

Cybersecurity

FSS Korea Meets with FinTech CEOs to Outline Supervisory Plans

By Thisanka Siripala | 18/03/2025

The meeting included executives from major fintech firms such as Kakao Pay, Toss Payments, Coupang Pay, and Naver Financial.

Structural Regulation

IOSCO Unveils Work Programme, Key Priorities for 2025

By Nithya Subramanian | 17/03/2025

IOSCO initiatives include measures to address risks in digital trading, curb online financial fraud finance, and continue research on AI.

Trading & Investment

FSS Korea Urges Securities Firms to Support Innovative Companies

By Mark Johnston | 14/03/2025

FSS governor said securities firms must be more faithful to their role in driving innovative growth through the supply of venture capital.

AI Risk & Governance

IOSCO Publishes New Consultation Report on Artificial Intelligence

By Thisanka Siripala | 13/03/2025

The report identifies five key findings following engagement with IOSCO members and stakeholders and invites further feedback.

Emerging Prudential Risks

Geopolitics Seen as Biggest Driver of Derivatives Market Activity – FIA

By Thisanka Siripala | 13/03/2025

FIA President Walt Lukken said economics is taking a back seat to politics in terms of what will drive the derivatives markets.

Fraud, Scams & Cybercrime

Korea Expands Crackdown on Financial & Cyber Crimes

By Thisanka Siripala | 13/03/2025

Special investigative teams, tougher penalties for deep fakes, and AI-driven fraud detection will be deployed to tackle cyber-enabled financial crime.