AI Risk & Governance

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

    image

    Anti-Money Laundering

    FCA Unveils New 5-year Strategy to Boost Trust in UK Market

    By Editors | 29/11/2024

    FCA chief operating officer Emily Shepperd said tackling financial crime is one of four pillars of the new strategy.

    image

    AI Risk & Governance

    New Association Launches in Hong Kong to Advance AI Adoption

    By Sanday Chongo Kabange | 28/11/2024

    The new association seeks to advance the development, adoption, commercialisation and use of AI across Hong Kong.

    image

    AI Risk & Governance

    UK Regulators Find Widespread Use of AI in Financial Sector

    By Thisanka Siripala | 27/11/2024

    75 percent of UK financial services firms already using AI in some capacity, but reliance on a small number of third-party providers raises concerns.

    image

    AI Risk & Governance

    Japan FSA Using AI to Streamline Operations and Improve Efficiency

    By Thisanka Siripala | 26/11/2024

    The FSA introduced a system that can quickly search through documents held by different departments and then summarise their contents.

    image

    Structural Regulation

    Japan Announces $250B Economic Stimulus Package

    By Thisanka Siripala | 26/11/2024

    The stimulus package includes increases to the annual income tax free threshold in order to boost disposable incomes.

    image

    AI Risk & Governance

    US Federal Reserve Governor Cautions Against Hasty AI Regulation

    By Mark Johnston | 26/11/2024

    Fed Governor Michelle Bowman cautions policymakers against hastily imposing strict AI regulations, as it could hinder banking innovation.

    image

    AI Risk & Governance

    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.

    image

    AI Risk & Governance

    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.

    image

    AI Risk & Governance

    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.

    image

    AI Risk & Governance

    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.

    JOIN OUR NEWSLETTER

    An exclusive weekly selection of top stories from the Regulation Asia editorial team.