AI Risk & Governance

Operational Risk

Japan FSA to Start Using AI for Monitoring Soundness of FIs

By Editors | 17/08/2024

The new system is being put in place to speed up the detection of issues in the financial system and help prevent financial crises and bank failures.

AI Risk & Governance

ANZ Partners With Microsoft to Launch “AI Immersion Centre”

By Editors | 15/08/2024

ANZ plans to send 3,000 leaders through the facility over the next year to upskill them on GenAI and enable them to better support “adoption at scale”.

Cybersecurity

FSC Korea Offers Roadmap for Relaxing Network Separation Rules

By Manesh Samtani | 15/08/2024

Financial institutions will be allowed to use cloud computing and generative AI provided they have adequate security assurance measures in place.

AI Risk & Governance

HKMA Launches New GenAI Sandbox at Hong Kong Cyberport

By Sanday Chongo Kabange | 14/08/2024

HKMA CEO Eddie Yue said sandbox will empower banks to pilot their novel GenAI use cases within a risk-managed framework.

AI Risk & Governance

Taishin Bank Set to Launch Taiwan’s First Responsible AI System

By Ranamita Chakraborty | 14/08/2024

Singapore-based cybersecurity firm OneDegree Global will verify the fairness, security, and privacy protection of Taishin Bank’s AI model.

AI Risk & Governance

Taiwan FSC Urges Banks to Embrace Fintech in Lending Practices

By Nithya Subramanian | 13/08/2024

The FSC encourages banks to test the use of big data analytics and financial assessment models to replace income documentation for unsecured credit loans.

Market Abuse

KRX Hires AI Firm to Develop Short-Selling Detection System

By Editors | 09/08/2024

KRX has signed a service contract with Conan Technology to develop its new short-selling detection system.

AI Risk & Governance

Google DeepMind Publishes Research on GenAI Misuse Tactics

By Nithya Subramanian | 09/08/2024

The researchers categorise GenAI misuse into two categories – exploitation of GenAI capabilities, and compromise of GenAI systems.

Structural Regulation

SEBI to Revamp Rules for Investment Advisors, Research Analysts

By Ajoy K Das | 08/08/2024

Eligibility requirements for registration are being relaxed. Additional disclosure will be required for IAs/RAs that use AI tools.