AI Risk & Governance

AI Risk & Governance

IOSCO Establishes New Workstreams on AI, Tokenisation

By Manesh Samtani | 15/04/2024

New workstreams on green finance and credit default swaps will also be created, according to IOSCO’s updated work plan for 2024.

AI Risk & Governance

CFTC Subcommittee to Advance Work on AI Regulation

By Manesh Samtani | 12/04/2024

MRAC subcommittee will initially focus on obtaining a better understanding of how CFTC registrants are using AI to conduct regulated activities.

Fraud, Scams & Cybercrime

India’s NSE Cautions Investors of Deep Faked Videos of CEO

By Ajoy K Das | 11/04/2024

The exchange said investors should not follow advice coming from deepfaked videos of its CEO recommending stocks.

Fraud, Scams & Cybercrime

AI Deepfakes: An Insidious Threat and Real Challenge for FIs

By Nithya Subramanian | 11/04/2024

As regulators in Asia-Pacific take a range of approaches to tackle deepfakes, the evolving nature of this threat requires continuous vigilance and proactive measures from FIs.

Fraud, Scams & Cybercrime

Taiwan FSC Calls for Greater Use of Technology to Combat Fraud

By Editors | 10/04/2024

The FSC brought together government agencies as well as the financial, telecommunications, and technology industries to discuss anti-fraud measures.

Emerging Prudential Risks

FSC Korea Establishes “Future Response Finance Taskforce”

By Editors | 08/04/2024

The taskforce will work to address financial industry challenges associated with demographic changes, climate change, and technological advancements.

AI Risk & Governance

FSS Korea to Use Naver’s AI Tech in Supervisory Work

By Editors | 04/04/2024

Under a new MoU, the FSS will be able to use Naver’s technologies to enhance its supervision, monitoring, and inspection activities.

AI Risk & Governance

Korea Launches “Financial Sector AI Council” to Drive GenAI Adoption

By Mark Johnston | 01/04/2024

The ‘Financial Sector AI Council’ will serve as a platform to promote the safe use of GenAI in the finance industry, while addressing regulatory challenges.

Credit Risk

Japan Develops AI Model to Help Regional Banks Identify Risk

By Editors | 31/03/2024

The AI model can identify businesses that are showing signs of deterioration so banks can provide support before financial difficulties become insurmountable.