AI, Technology & Data

Market Abuse

ASIC Explores AI for Insider Trading Surveillance

By Sanday Chongo Kabange | 04/07/2024

The Australian regulator is exploring AI and machine learning for potential insider trading surveillance and detection.

Credit Risk

HSBC Completes Pilot Trial of Cross-Boundary Credit Referencing

By Sanday Chongo Kabange | 03/07/2024

HSBC is one of the first banks to successfully participate in the newly-launched cross-boundary credit referencing initiative led by the HKMA and the PBOC.

Cybersecurity

RBI Calls on Banks to Increase Vigilance Against Cyber Attacks

By Ajoy K Das | 02/07/2024

Banks have been directed to monitor network activities and server logs as well as keep close watch on critical payments systems.

Data Privacy

China, Hong Kong Pilot Cross-boundary Credit Referencing

By Sanday Chongo Kabange | 01/07/2024

The MoU between the HMKA and PBOC on cross-boundary commercial credit data connectivity is “essential” for healthy development of the banking sector.

Emerging Prudential Risks

RBI Cautions Against Tech-led Disruptions in Financial Systems

By Ajoy K Das | 01/07/2024

Cyber hazards, climate change and global spillovers offer challenges to financial stability, said the RBI governor.

AI Risk & Governance

RBI Working to Improve Data and AI Capabilities

By Ajoy K Das | 29/06/2024

A current focus for the RBI is on enhancing capacity in AI and machine learning techniques and analysing unstructured textual data.

Data Privacy

Hong Kong’s FSDC Calls for Adoption of Digital ID System

By Sanday Chongo Kabange | 29/06/2024

The FSDC report recommends establishing a trust framework for the digital ID ecosystem and enabling interoperability through improved legal measures.

Fraud, Scams & Cybercrime

Korea: FSS, KISA to Collaborate on Crypto Investigations

By Manesh Samtani | 27/06/2024

The MoU will establish a cooperative investigation system between the FSS and KISA for cyber incidents that disrupt the virtual asset market.

Fraud, Scams & Cybercrime

Australia Introduces Legislation for SMS Sender ID Register

By Sanday Chongo Kabange | 27/06/2024

The new legislation allows for the establishment of an SMS Sender ID Register to help fight scams.