AI, Technology & Data

Custody & Infrastructure

Canton Network Wins Digital Assets Industry Collaboration of the Year

By Editors | 04/11/2024

The Canton Network was awarded the Digital Assets Industry Collaboration of the Year award at the 7th Regulation Asia Awards for Excellence 2024.

Anti-Money Laundering

China: NPC Standing Committee Reviewing Updates to AML Law

By Manesh Samtani | 04/11/2024

The revisions were first proposed in 2021 and have undergone two stages of review. This is expected to be the final stage of review.

Fraud, Scams & Cybercrime

Global Operation Dismantles Major Malware Operations: Eurojust

By Nithya Subramanian | 02/11/2024

Authorities shut down servers and seized domains linked to RedLine and META, which stole personal data from millions of victims worldwide.

AI Risk & Governance

BOE Flags Potential Risks of GenAI for Financial Sector

By Thisanka Siripala | 01/11/2024

BOE’s Sarah Breeden suggested that stress tests be conducted to determine whether AI models could amplify market shocks.

Clearing & Post-Trade

RBI Updates Requirements for CCPs on Governance Arrangements

By Editors | 31/10/2024

The new directions for CCPs increase reliance on independent directors and raise the obligations of board-level technical committees.

Structural Regulation

US Finalises Rule Blocking Investments in Chinese Technology

By Editors | 31/10/2024

The rule seeks to prevent the use of US resources to finance China-made semiconductors, quantum computing tech and AI.

Credit Risk

China Launches New Credit Information Sharing Platform

By Manesh Samtani | 31/10/2024

The platform supplies information about SMEs to lenders to support pre-loan review, loan evaluation and post-loan management processes.

AI Risk & Governance

MAS Establishes New Entity to Drive Next Phase of FinTech Growth

By Editors | 30/10/2024

MAS said the “Global Finance & Technology Network” will drive greater synergies within the global finance and technology communities for innovations in financial services.

AI Risk & Governance

ASIC Says Governance Arrangements are Lagging AI Adoption

By Sanday Chongo Kabange | 30/10/2024

ASIC Chair Joe Longo said must consider their existing obligations and duties and avoid simply waiting for AI laws and regulations to be introduced.