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AI Risk & Governance
Reporting on regulatory approaches, ethical considerations, and risk management for AI technologies deployed in financial services and markets.
Climate Risk
BIS Demonstrates the Use of GenAI in Climate Risk Analysis
By Manesh Samtani | 20/03/2024
Project Gaia delivered a platform that can extract data from corporate climate-related disclosures and generate harmonised metrics, despite differences in disclosure frameworks.
AI Risk & Governance
S. Korea Preparing Draft Artificial Intelligence Law: Official
By Editors | 19/03/2024
The draft law will define “high-risk AI”, business operator responsibilities, the composition of AI committees, and ethical principles.
AI Risk & Governance
US SEC Fines Two Investment Advisers for AI Washing
By Editors | 19/03/2024
“Investment advisers should not mislead the public by saying they are using an AI model when they are not,” said the SEC’s Gary Gensler.
AI Risk & Governance
Artificial Intelligence Act Passed by European Parliament
By Mark Johnston | 15/03/2024
Members of Parliament voted to adopt the final text of the EU AI Act, which will seek to promote AI innovation while also defending against risks.
Anti-Money Laundering
GCFFC Offers Guidance on Using AI to Fight Financial Crime
By Manesh Samtani | 15/03/2024
The guidance describes how FIs are using AI to fight financial crime and identifies opportunities to improve AML/CFT effectiveness.
Anti-Money Laundering
Use of AI for AML Could Lower Effectiveness: Report
By Bradley Maclean | 14/03/2024
A new report from NICE Actimize and Regulation Asia sheds light on APAC’s use of technology to fight financial crime.
AI Risk & Governance
JPX Launches AI Service for TSE Company Insights
By Mark Johnston | 13/03/2024
JPX has unveiled a new AI service that can provide more detailed insights into Tokyo Stock Exchange listings.
AI Risk & Governance
BSP Studying Impact of Generative AI on Banking Industry
By Sanday Chongo Kabange | 12/03/2024
The BSP is seeking to introduce ‘guardrails’ to mitigate potential risks associated with the use of Gen AI in the banking industry.
Cloud & Infrastructure
BOE to Move Data & Analytics Platform to the Cloud
By Editors | 11/03/2024
The move is part of a modernisation programme that will also involve a “controlled set of pilots” of AI tools across the BOE.
AI Risk & Governance
INTERPOL Updates Guidance on AI Innovation in Law Enforcement
By Editors | 10/03/2024
The updated toolkit provides additional guidance for law enforcement agencies on AI governance, ethics and strategy development.
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