AI, Technology & Data

Payments & Settlements

BSP, NBC to Cooperate on Payment System Connectivity, Digital Finance

By Sanday Chongo Kabange | 22/08/2024

The central banks will collaborate on payment connectivity, digital finance innovation, AI, cyber security, and sustainable finance.

Clearing & Post-Trade

Transitioning to T+1 Settlement: Lessons for Asian Firms

By Nithya Subramanian | 22/08/2024

Asia Pacific jurisdictions are increasingly considering moving to a T+1 securities settlement cycle following the US move in May, says DTCC’s Val Wotton.

Cybersecurity

SEBI Issues New Cybersecurity Framework for Regulated Entities

By Ajoy K Das | 21/08/2024

A cyber capability index (CCI) will be introduced as a benchmark for evaluating cybersecurity effectiveness and guiding necessary improvements.

AI Risk & Governance

Australia Introduces Policy for Responsible AI Use in Government

By Ranamita Chakraborty | 21/08/2024

The government will issue a standard for AI transparency statements and further guidance on additional measures over the coming months.

AI Risk & Governance

Singapore Financial Industry Bodies Sign MOU on Skills Development

By Editors | 21/08/2024

Seven associations including IMAS and ABS signed an MOU with IBF and NTUC to promote the adoption of Financial Sector Job Transformation Maps.

Anti-Money Laundering

Banks Exercise Caution in Transition to AI-Based AML Systems

By Bradley Maclean | 20/08/2024

Participants at a recent Regulation Asia roundtable in Hong Kong expressed caution, but also optimism, about the use of AI for AML purposes.

Structural Regulation

Japan to Require Foreign Investment Reviews for More Industries

By Editors | 20/08/2024

Foreign investment in companies that produce machinery, equipment, parts, and materials used in semiconductor manufacturing will be subject to review.

Cybersecurity

Malaysia’s SC Implements Revised Technology Risk Management Rules

By Nithya Subramanian | 20/08/2024

The revised guidelines include new requirements on reporting to the SC, performing cyber security assessments, and conducting penetration testing.

AI Risk & Governance

MIT Researchers Create World’s First Catalogue of AI Risks

By Ranamita Chakraborty | 20/08/2024

The AI Risk Repository reveals that only 10% of AI risks are detected before deployment, underlining the importance of post-launch monitoring.