AI, Technology & Data

Cybersecurity

US Treasury Workstations, Documents Accessed by Hackers – Reports

By Editors | 01/01/2025

Treasury told lawmakers the incident has been attributed to a “China state-sponsored Advanced Persistent Threat (APT) actor”

Cybersecurity

SEBI Provides Relief on Deadlines for Cybersecurity Measures

By Editors | 01/01/2025

SEBI said it won’t impose penalties for non-compliance for three months provided REs can demonstrate progress with implementation.

Structural Regulation

Taiwan FSC Relaxes Policy on Digital Insurer Licensing

By Manesh Samtani | 31/12/2024

Digital insurers allowed to operate physical branches. Paid-in capital requirement halved. Foreign providers can apply to open Taiwan branch.

AI Risk & Governance

South Korea Passed Law to Establish Regulatory Framework for AI

By Manesh Samtani | 28/12/2024

The passage of the AI Basic Act makes Korea just the second jurisdiction in the world after the EU to establish a comprehensive legal framework specifically governing AI

Structural Regulation

US Launches Probe Into Legacy Chips Made in China

By Editors | 26/12/2024

The probe will examine the impact of Chinese-made legacy chips used in everyday household goods and the defence industry.

Fraud, Scams & Cybercrime

Australia Reviews Tax Regulator Secrecy Exceptions

By Editors | 24/12/2024

Feedback is sought on allowing the ATO or TPB to share protected tax information for purposes such as fraud prevention.

Clearing & Post-Trade

ASX Recovers from Worst Market Disruption in Four Years

By Editors | 23/12/2024

No trade settlements took place on Friday due to a “CHESS batch settlement delay”. Engineers had to work through the weekend to resolve the issue.

Data Privacy

Singapore Officials Apologise for Exposing NRIC Numbers

By Manesh Samtani | 22/12/2024

The mishap was attributed to a “miscommunication”. Banks, insurers reviewing NRIC practices. Security and privacy concerns persist.

AI Risk & Governance

HKMA’s Carmen Chu Urges Banks to ‘Embrace the Opportunities’ of GenAI

By Sanday Chongo Kabange | 22/12/2024

HKMA’s Carmen Chu said banks should foster a culture of “continuous learning” within their institutions and experiment with HKUST’s InvestLM GenAI Platform.