AI, Technology & Data

Anti-Money Laundering

FCA Unveils New 5-year Strategy to Boost Trust in UK Market

By Editors | 29/11/2024

FCA chief operating officer Emily Shepperd said tackling financial crime is one of four pillars of the new strategy.

AI Risk & Governance

New Association Launches in Hong Kong to Advance AI Adoption

By Sanday Chongo Kabange | 28/11/2024

The new association seeks to advance the development, adoption, commercialisation and use of AI across Hong Kong.

AI Risk & Governance

UK Regulators Find Widespread Use of AI in Financial Sector

By Thisanka Siripala | 27/11/2024

75 percent of UK financial services firms already using AI in some capacity, but reliance on a small number of third-party providers raises concerns.

Data Privacy

Australia Consults on Expanding CDR Regime to Non-Bank Lending

By Sanday Chongo Kabange | 27/11/2024

The proposed draft rules will allow consumers to share their bank data with non‑bank lenders for products like residential mortgages and car loans.

AI Risk & Governance

Japan FSA Using AI to Streamline Operations and Improve Efficiency

By Thisanka Siripala | 26/11/2024

The FSA introduced a system that can quickly search through documents held by different departments and then summarise their contents.

Clearing & Post-Trade

IOSCO Publishes Final Guidance on Post Trade Risk Reduction Services

By Manesh Samtani | 26/11/2024

The guidance addresses risks relating to control and governance around algorithms, fair treatment of participants, data protection, and other areas.

Structural Regulation

Japan Announces $250B Economic Stimulus Package

By Thisanka Siripala | 26/11/2024

The stimulus package includes increases to the annual income tax free threshold in order to boost disposable incomes.

AI Risk & Governance

US Federal Reserve Governor Cautions Against Hasty AI Regulation

By Mark Johnston | 26/11/2024

Fed Governor Michelle Bowman cautions policymakers against hastily imposing strict AI regulations, as it could hinder banking innovation.

Cybersecurity

Singapore Launches Consultation on Proposed Online Safety Legislation

By Nithya Subramanian | 25/11/2024

The proposed reforms include a complaints mechanism for victims, statutory torts for legal redress and measures to increase accountability for harmful content.