AI, Technology & Data

Fraud, Scams & Cybercrime

Financial Crime Fighters Set to Gather in Hong Kong

By Manesh Samtani | 28/03/2025

The HKMA and GCFFC are bringing together financial crime fighters from around the world amid an increasingly complex threat landscape.

AI Risk & Governance

Navigating the Regulation of Generative AI in Financial Services

By Mary Leung | 27/03/2025

Mary Leung discusses how AI is being regulated in the financial services industry and the approaches different jurisdictions are pursuing.

AI Risk & Governance

HKMA Applying GenAI to Monitor for Banking System Risks

By Manesh Samtani | 27/03/2025

HKMA is using an in-house GenAI tool to analyse banks’ earnings call transcripts to identify major risks ahead of actual stress events.

Conduct, Culture & Accountability

ASIC Issues Updated Guidance on Holding Virtual Meetings

By Sanday Chongo Kabange | 27/03/2025

The updated guidance sets out ASIC’s expectations on holding virtual meetings and includes the option to use telephone lines and webcasts.

Payments & Settlements

FSS Probing KRX Over System Failure That Halted KOSPI Trading

By Nithya Subramanian | 26/03/2025

The system error caused a seven-minute freeze in KOSPI trading, the first market halt during regular hours since KRX was established in 2005.

Data Privacy

China Issues Rules on Use of Facial Recognition Technology

By Manesh Samtani | 26/03/2025

The regulations aim to address concerns about the privacy and security risks posed by the widespread use of facial recognition technology.

Reporting & Disclosures

Bursa Malaysia Designates Official Sustainability Reporting Channel

By Nithya Subramanian | 26/03/2025

The CSI Platform is designated as the official sustainability reporting channel for all PLCs. New AI-driven tools will help PLCs with ESG reporting, risk assessments, and compliance.

Structural Regulation

US Commerce Dept Adds Over 50 Chinese Firms to Entity List

By Manesh Samtani | 26/03/2025

This is to prevent “foreign adversaries” from using US tech and goods for high-performance computing, hypersonic and ballistic missiles, military aircraft training, and UAVs.

Payments & Settlements

Taiwan Launches New QR Code Payment Service for Travel

By Sanday Chongo Kabange | 25/03/2025

Nine participating financial institutions will offer a 100 percent rebate on fares paid with “TWQR QR Code for Travel” until 31 December.