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Coverage of regulatory trends, risks, and innovations in the adoption of cloud services and critical infrastructure for financial institutions.

AI Risk & Governance
Citi to Provide GenAI Tools to 40,000 Coders Across the Bank
By Editors | 31/10/2023
Citi used generative AI to analyse 1,089 pages of new capital rules proposed by US regulators in July. Over 350 other use cases have been proposed.

Cloud & Infrastructure
Hong Kong FSTB Launches GBA Fintech Internship Scheme
By Editors | 31/10/2023
The scheme aims to nurture fintech talent by allowing post-secondary students to gain practical experience at fintech firms across the Greater Bay Area.

Structural Regulation
How Markets in Southeast Asia Can Attract Liquidity
By Roland Chai | 29/10/2023
Roland Chai outlines four significant steps market infrastructures in Southeast Asia can take to attract liquidity.

Operational Risk
RBI Releases Draft Master Directions on Managing Outsourcing Risks
By Ajoy K Das | 27/10/2023
The draft makes clear that regulated entities may not outsource core management functions, such as decision-making functions like loan approvals.

Payments & Settlements
BSP Set to Launch Pilot Testing for New ITRS
By Sanday Chongo Kabange | 27/10/2023
The BSP has started sending banks XML schema definitions for its new International Transactions Reporting System.

Clearing & Post-Trade
Incoming Regulatory Changes in Post Trade Present Significant Challenges
By Julie Feaunati | 26/10/2023
Julie Feaunati discusses the systems and infrastructure changes needed to ensure T+1 readiness and accommodate derivatives trade reporting rule rewrites.

Structural Regulation
Bangladesh Grants In-principle Approval for Launch of 8 Digital Banks
By Ajoy K Das | 25/10/2023
Bangladesh Bank hopes that the introduction of digital banks will increase efficiency in the banking sector, and develop the country’s digital economy and infrastructure.

Cloud & Infrastructure
Google to Set Up Global Fintech Headquarters in India’s GIFT City
By Mark Johnston | 20/10/2023
Google will set up its global fintech headquarters in GIFT City and invest $10bn in India’s digitisation fund.

Operational Risk
MAS Instructs DBS, Citi to Investigate Delayed Recovery from Outage
By Editors | 19/10/2023
The banks took longer than the required four hours to recover from last Saturday’s outage. MAS said it will take appropriate supervisory actions after gathering the necessary facts.

Cybersecurity
ASIC Warns Firms of Third-Party Cyber Risk
By Mark Johnston | 19/10/2023
44 percent of respondents to an ASIC survey indicated that they did not manage third-party or supply chain risk.
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