AI, Technology & Data

Cloud & Infrastructure

Supervisors Need to Improve Collaboration With Private Sector

By Manesh Samtani | 17/04/2024

Cecilia Skingsley said central bankers and supervisors need to be more transparent with SupTech vendors and simplify procurement processes.

KYC & CDD

BNM Finalises Policy Requirements for Electronic KYC

By Mark Johnston | 17/04/2024

The policy document sets revised requirements and guidance for implementing e-KYC solutions in Malaysia’s financial sector.

Cloud & Infrastructure

GLEIF Announces First European-based vLEI Issuer

By Editors | 17/04/2024

The vLEI is the cryptographically secure digital counterpart of a conventional LEI that can be used to automate business process.

Fraud, Scams & Cybercrime

Australia: New ID Register Blocks 300,000 Fraud Attempts

By Nithya Subramanian | 15/04/2024

Following the Optus breach, a new register was set up to prevent compromised personal credentials from being used as forms of identity.

AI Risk & Governance

IOSCO Establishes New Workstreams on AI, Tokenisation

By Manesh Samtani | 15/04/2024

New workstreams on green finance and credit default swaps will also be created, according to IOSCO’s updated work plan for 2024.

CBDCs

Consumers Value Privacy Over Safety When Considering a CBDC: RBA

By Editors | 12/04/2024

Consumers attach no value to the added safety of a CBDC, or the fact that it would be issued by the RBA, as bank deposits are already considered safe.

AI Risk & Governance

CFTC Subcommittee to Advance Work on AI Regulation

By Manesh Samtani | 12/04/2024

MRAC subcommittee will initially focus on obtaining a better understanding of how CFTC registrants are using AI to conduct regulated activities.

Clearing & Post-Trade

Industry Collaborates to Test Digital Regulatory Reporting

By Editors | 12/04/2024

The first phase of the collaboration between DTCC and REGnosys will test the ISDA DRR for derivatives reporting in Japan and the EU.

Cybersecurity

Financial Sector “Highly Exposed” to Cyber Risks, IMF Warns

By Manesh Samtani | 11/04/2024

This is the first time the IMF has assessed cybersecurity in its Global Financial Stability Report, which says cyber policy frameworks are “inadequate”.