AI, Technology & Data

Trading & Investment

Japan FSA Revises Rules to Enable Digital Document Delivery to Clients

By Thisanka Siripala | 25/02/2025

Securities firms will be allowed to provide digital documents to customers for financial instruments transaction contracts, instead of physical documents.

Fraud, Scams & Cybercrime

Bybit Falls Victim to $1.5bn Crypto Theft, the Largest in History

By Thisanka Siripala | 24/02/2025

The theft was reportedly orchestrated by North Korea’s Lazarus Group. Security experts are investigating how the self-custodial multi-sig wallet used by Bybit was compromised.

Fraud, Scams & Cybercrime

Australian Online Safety Commissioner Imposes A$1m on Telegram

By Thisanka Siripala | 24/02/2025

The messaging platform said the fine is “unfair and disproportionate” and indicated its intention to appeal the decision.

Cybersecurity

GLEIF Announces First Qualified vLEI Issuer in China

By Mark Johnston | 24/02/2025

The China Financial Certification Authority has become the first China-based issuer of fully digitised Legal Entity Identifiers.

Credit Risk

BIS Report Says AI Eases Credit Volatility in Banking

By Thisanka Siripala | 23/02/2025

During the pandemic, Italian banks that used AI-based credit scoring systems demonstrated more selective responses to economic indicators and maintained a more steady approach to lending.

Fraud, Scams & Cybercrime

US SEC Launches Cyber and Emerging Technologies Unit

By Nithya Subramanian | 21/02/2025

The unit will “root out those seeking to misuse innovation to harm investors and diminish confidence in new technologies”

Trading & Investment

FIA Seeks Longer Implementation Period for CSRC’s Algo Trading Rules

By Mark Johnston | 21/02/2025

FIA says firms would face operational hurdles or even scale back in China without sufficient preparation time.

Operational Risk

APRA Rescinds 2018 Outsourcing Guidance to Reduce Regulatory Burden

By Sanday Chongo Kabange | 20/02/2025

APRA rescinded its 2018 information paper on cloud outsourcing in light of new operational risk management standards coming into effect in July.

AI Risk & Governance

Switzerland Outlines Regulatory Approach to Artificial Intelligence

By Nithya Subramanian | 20/02/2025

The Federal Council is planning to incorporate the Council of Europe’s Convention on Artificial Intelligence into Swiss law.