AI, Technology & Data

Market Abuse

FCA Offers Recommendations on Avoiding Surveillance Failures

By Manesh Samtani | 14/05/2024

The FCA says failures of market abuse surveillance are often caused by faulty implementation, bugs, and incomplete data ingestion.

Cybersecurity

Singapore: Next Phase of FSMA Implementation Has Commenced

By Editors | 14/05/2024

MAS can now impose fines up to S$1mn for non-compliance with technology risk management requirements.

Cryptocurrency

US Orders Chinese-owned Crypto Miner to Sell Land

By Editors | 14/05/2024

Presidential order says MineOne Partners did not notify CFIUS before buying land next to an Air Force base.

Cybersecurity

Singapore Parliament Passes Cybersecurity Amendment Bill

By Nithya Subramanian | 13/05/2024

The amendments introduce stricter reporting requirements for owners of CII and give more teeth to the CSA.

AI Risk & Governance

Australia FSC Forms Expert Group on ‘Digital Advice’

By Sanday Chongo Kabange | 13/05/2024

The expert group will support financial advice reforms and the development and growth of the digital advice sector.

AI Risk & Governance

China, France Commit to Jointly Address AI Risks

By Editors | 10/05/2024

The two countries jointly commit to promoting safe, secure, and reliable AI systems for the “common good”.

Cloud & Infrastructure

FSC Korea Enhances Regulatory Sandbox Mechanism

By Editors | 09/05/2024

The FSC is scrapping some requirements to expedite the sandbox’s application, review and approval processes.

Sustainable Finance

Singapore, UK to Boost Fintech, Green Finance Cooperation

By Nithya Subramanian | 09/05/2024

MAS and HM Treasury will collaborate to develop and finance green finance and energy transition projects in APAC.

Fraud, Scams & Cybercrime

Singapore Law Firm Pays $1.4m Ransom Demand

By Editors | 08/05/2024

The law firm was initially asked to pay $2mn, but the Akira ransomware group agreed to lower the amount after negotiations.