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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    Fraud, Scams & Cybercrime

    Swift Announces Industry Partnership to Combat Fraud With AI

    By Editors | 31/05/2024

    FIs will share data with privacy-preserving controls so that AI can be used to detect fraud patterns from a “much richer dataset”.

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    AI Risk & Governance

    EU Commission Establishes Artificial Intelligence Office

    By Editors | 30/05/2024

    The new Office is preparing guidelines on AI system definitions and prohibitions, and preparing to draw up codes of practice for general-purpose AI models.

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    Cybersecurity

    BIS Explores GenAI Use to Boost Central Bank Cybersecurity

    By Editors | 30/05/2024

    Existing IT staff at central banks may not be fully prepared to handle the fast and disruptive innovations associated with GenAI.

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    AI Risk & Governance

    Singapore Launches Digital Enterprise Blueprint for SMEs

    By Nithya Subramanian | 30/05/2024

    The DEB will support SMEs in making full use of their existing digital capabilities and help them adopt AI-enabled solutions.

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    AI Risk & Governance

    MAS Released New Project MindForge Whitepaper

    By Editors | 28/05/2024

    Building on the FEAT Principles and Veritas Methodology, the paper introduces a “platform-agnostic” reference architecture for responsible GenAI adoption.

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    Data Privacy

    Worldcoin Ordered to Cease Iris-Scanning in Hong Kong

    By Sanday Chongo Kabange | 24/05/2024

    The PCPD has determined that the Worldcoin project has breached Hong Kong’s personal data privacy law.

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    AI Risk & Governance

    AI Act Gets Final Approval from European Council

    By Nithya Subramanian | 22/05/2024

    The AI Act provides for increased transparency regarding the development and use of high-risk AI systems, while also encouraging innovation.

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    AI Risk & Governance

    Top Tech firms Commit to AI Safety at Seoul Summit

    By Nithya Subramanian | 22/05/2024

    Google, Meta, Microsoft, OpenAI and others have pledged to not develop or deploy AI models if the risks cannot be sufficiently mitigated.

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    Data Privacy

    Taiwan FSC Issues New Data Governance Consultation

    By Editors | 21/05/2024

    The consultation categorises customer data of FIs into four levels, and proposes corresponding governance methods for each level during data sharing.

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    Trading & Investment

    Implementing Singapore’s New OTC Derivatives Reporting Regime

    By Manesh Samtani | 20/05/2024

    Broadridge’s Carl Hovland and David Farmery talk to Regulation Asia about the measures firms should consider as they implement new OTC derivatives reporting requirements in Singapore.

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