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AI, Technology & Data
Payments & Settlements
FSB Proposes Measures to Address Cross-border Payment Frictions
By Manesh Samtani | 17/07/2024
Two new FSB reports offer policy recommendations to address legal, supervisory and regulatory frictions in cross-border payments.
Operational Risk
APRA Orders Superannuation Trustee to Address Data Issues
By Sanday Chongo Kabange | 17/07/2024
APRA requires Fiducian Portfolio Services to fix issues related to the accuracy and completeness of data submitted for the superannuation performance test.
Conduct, Culture & Accountability
China Issues New Marketing Guidelines for Online Loans
By Editors | 16/07/2024
NIFA calls on FIs and third-party internet platforms to standardise their online loan marketing activities and abide by 19 measures set out in the guidelines.
Data Privacy
Singapore Issues Draft Guide on Synthetic Data Generation
By Nithya Subramanian | 16/07/2024
The guide proposes good practices for generating synthetic data that can be used to train AI models while protecting the underlying personal data.
AI Risk & Governance
New York DFS Issues Rules Governing AI for Insurers
By Nithya Subramanian | 15/07/2024
The guidance ensures that implementation of AI in insurance does not perpetuate systemic biases that result in unfair discrimination, while providing market stability.
Anti-Money Laundering
AUSTRAC to Deliver New Reporting Platform in “Coming Months”
By Editors | 15/07/2024
AUSTRAC said in 2021 that it would be replacing its reporting system. The final stage of features will be delivered in the “coming months”.
Payments & Settlements
Bangladesh Bank Issues Rules for Digital Payments Platform
By Ajoy K Das | 11/07/2024
The platform supports the use of virtual IDs to protect entities from crimes such as identity theft, extortion and fraud.
Operational Risk
BCBS Consults on Principles for Managing Third-Party Risk
By Editors | 10/07/2024
The BCBS offers 12 high-level principles on the effective management and supervision of risks arising from third-party arrangements.
AI Risk & Governance
BIS to Explore Approaches for Monitoring Supply Chain Shocks
By Editors | 10/07/2024
BIS will use granular data, analytics and AI to improve monitoring of global supply chains and better assess their economic and financial impacts.
AI Risk & Governance
Navigating Hong Kong PCPD’s Model AI Framework
By Albert Yuen | 09/07/2024
Albert Yuen and Jasmine Yung at Linklaters discuss the Model AI Framework and its implications for the financial services sector.
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