AI Risk & Governance

    Reporting on regulatory approaches, ethical considerations, and risk management for AI technologies deployed in financial services and markets.

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    AI Risk & Governance

    CFTC Issues Advisory on Use of AI by Regulated Entities

    By Nithya Subramanian | 06/12/2024

    The advisory is intended to remind market participants of their regulatory obligations as they begin to develop and implement AI.

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    AI Risk & Governance

    MAS Issues Information Paper on AI Model Risk Management

    By Nithya Subramanian | 06/12/2024

    The paper sets out good practices for managing risks associated with AI, including GenAI, based on a thematic review of banks’ practices.

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    Cybersecurity

    EU Adopts New Legislative Package to Strengthen Cyber Resilience

    By Thisanka Siripala | 06/12/2024

    The legislation will establish a pan-European ‘cybersecurity alert system’ and a ‘cybersecurity emergency mechanism’ to enhance the EU’s response capabilities.

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    Trading & Investment

    Thai Stock Exchange Unveils New Three-year Strategic Roadmap

    By Editors | 04/12/2024

    The roadmap includes a value-creation platform for listed companies, extended trading hours for certain products, and a platform enabling retail access to government bonds.

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    Fraud, Scams & Cybercrime

    FBI Issues Alert on Use of GenAI for Sophisticated Scams

    By Thisanka Siripala | 04/12/2024

    The alert includes specific examples of how criminals are exploiting GenAI in fraud schemes to raise public awareness and encourage vigilance

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    AI Risk & Governance

    DBS, EnterpriseSG, IMDA Launch Programme to Upskill SMEs on GenAI

    By Nithya Subramanian | 03/12/2024

    The programme offers SMEs a “structured, simplified approach” to discover use cases and practical applications of GenAI solutions for their business operations.

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    Fraud, Scams & Cybercrime

    India: RBIH Wants Banks to Use AI to Detect Mule Accounts

    By Editors | 03/12/2024

    The Reserve Bank Innovation Hub is reportedly in talks with ten public and private banks about adopting its “Mulehunter.Ai” tool to identify mule accounts.

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    PEPs & Sanctions

    US Targets China Chip Production With New Export Controls

    By Editors | 03/12/2024

    The controls aim to further impair China’s ability to procure and produce technology for its military modernisation, WMD programmes, and ability to repress human rights.

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    Cybersecurity

    UK Launches AI Security Research Lab to Defend Against Cyber Threats

    By Thisanka Siripala | 02/12/2024

    The Lab will seek collaboration with the Five Eyes members to defend against the use of AI for malicious purposes, including attempts by Russia and North Korea.

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    AI Risk & Governance

    HKUST Launches New GenAI Platform for Financial Sector

    By Sanday Chongo Kabange | 29/11/2024

    HKUST’s new InvestLM, designed to support the financial services industry, is available through the HKMA’s GenAI Sandbox.

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