AI, Technology & Data

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    Conduct, Culture & Accountability

    UK FCA Sets Priorities and Expectations for Retail Banks in 2025

    By Nithya Subramanian | 30/10/2024

    Dear CEO letter highlights the consumer duty, operational resilience, fraud and financial crime, and sustainable finance as key focus areas for retail banks.

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    Tokenisation

    SFC, Exchanges See Blockchain as New Capital Market Backbone

    By Georgina Lee | 30/10/2024

    Hong Kong now looking at commercialising tokenised instruments to help address the pain points of the traditional financial market, said the SFC’s Elizabeth Wong.

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    Cloud & Infrastructure

    HKMA Launches New Platform to Boost Fintech Collaboration

    By Sanday Chongo Kabange | 30/10/2024

    The “Fintech Connect” platform will help banks discover innovative solutions developed and offered by fintech solution providers.

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    AI Risk & Governance

    Hong Kong Sets Policy Approach to AI Development

    By Manesh Samtani | 28/10/2024

    The Hong Kong government will promote the development of AI in the financial sector, subject to proper governance and risk mitigation being in place.

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    Climate Risk

    IAIS Published Strategic Plan for 2025-2029

    By Mark Johnston | 27/10/2024

    The strategic plan focuses on climate change, digital innovation, cyber risks, and building societal resilience.

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    Cybersecurity

    HKMA Finalises Revisions to E-Banking Risk Management Guideline

    By Manesh Samtani | 27/10/2024

    The revisions incorporate requirements set out in various supervisory documents issued last year to address fraud risk.

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    Cybersecurity

    Korea to Conduct Cybersecurity Exercise for Non-bank Financial Firms

    By Manesh Samtani | 25/10/2024

    A blinded cybersecurity exercise using white-hat hackers will be conducted to test the response capabilities of securities, insurance, and card companies.

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    Conduct, Culture & Accountability

    US CFPB Imposes Penalties on Goldman Sachs and Apple

    By Nithya Subramanian | 24/10/2024

    Goldman is banned from launching new credit card products until it can demonstrate compliance with federal law.

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    AI Risk & Governance

    Australia Issues Framework for Addressing Real-world Impacts of AI

    By Thisanka Siripala | 24/10/2024

    The AI Impact Navigator aims to assist businesses in measuring, managing, and reporting the real-world impacts of their AI systems.

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    Cybersecurity

    US SEC Fines Four Companies Over Misleading Cyber Disclosures

    By Mark Johnston | 24/10/2024

    The four companies provided misleading disclosures about cybersecurity breaches associated with the SolarWinds hack.

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