AI Risk & Governance

Data Privacy

New Zealand Updates Expectations on Use of Generative AI

By Editors | 18/06/2023

New Zealand Privacy Commissioner Michael Webster said AI users and developers need to make sure they are compliant with privacy law.

AI Risk & Governance

MAS Launches Annual FinTech Hackcelerator, Focusing on ‘AI in Finance’

By Sanday Chongo Kabange | 13/06/2023

Fintech firms and solution providers are invited to address 16 problem statements related to AI in the financial services industry.

Anti-Money Laundering

HKMA, Cyberport Concludes Fourth AML Regtech Lab

By Karen Ng | 08/06/2023

The HKMA said it aims to have all retail banks taking a “consistent, coordinated approach to real-time fraud monitoring” by September 2023.

Conduct, Culture & Accountability

Banks Increasingly Expected to Prevent Misconduct – Report

By Manesh Samtani | 07/06/2023

New report from Starling says outcomes-based regulation, culture initiatives, data science and technology can help enhance culture and conduct risk management in the banking industry.

Supervision & Enforcement

BIS Head Calls For “More Intrusive” Banking Supervision

By Manesh Samtani | 06/06/2023

Agustín Carstens says supervisors need to continuously seek to improve their capabilities by accessing greater resources and leveraging technology.

AI Risk & Governance

SFC Chief Calls for Strong AI Governance at Licensed Firms

By Ranamita Chakraborty | 06/06/2023

The SFC will hold licensed firms responsible for conduct breaches involving AI, Julia Leung said at an HKIFA conference.

AI Risk & Governance

InvestHK Launches 2023 Fintech Fast Track Programme

By Sanday Chongo Kabange | 05/06/2023

13 finalists from fintech, AI and Web3 scaleups will be selected to pitch in person at Hong Kong FinTech Week 2023.

Conduct, Culture & Accountability

ASIC to Leverage Regtech to Improve Listed Company Disclosures

By Sanday Chongo Kabange | 02/06/2023

ASIC and regtech firm Eastern Analytica will jointly develop a solution to help address poor market disclosures by listed firms.

AI Risk & Governance

EU, US Jointly Developing Voluntary Code of Conduct for AI

By Sanday Chongo Kabange | 02/06/2023

The first-of-its-kind voluntary code of conduct for AI could be drawn up within weeks, said EU official Margrethe Vestager.