AI, Technology & Data

Cloud & Infrastructure

HSBC Offers Boost to Hong Kong Fintech Ecosystem

By Sanday Chongo Kabange | 21/03/2024

The Hong Kong Science and Technology Parks Corporation has signed a three-year strategic partnership with HSBC.

KYC & CDD

PBOC Revises Complaints Handling Procedures for Credit Reporting

By Editors | 20/03/2024

The revised procedures will improve convenience for complainants, reduce the cost of complaints, and help consumers safeguard their credit rights, the PBOC said.

Cloud & Infrastructure

Hong Kong’s New eMPF Platform to Launch in June

By Sanday Chongo Kabange | 20/03/2024

The MPFA says all 12 MPF trustees in Hong Kong will start migrating data to the new eMPF platform in phases starting from June this year.

Climate Risk

BIS Demonstrates the Use of GenAI in Climate Risk Analysis

By Manesh Samtani | 20/03/2024

Project Gaia delivered a platform that can extract data from corporate climate-related disclosures and generate harmonised metrics, despite differences in disclosure frameworks.

Data Privacy

ECB, EBA Form Joint Committee to Streamline Bank Reporting

By Mark Johnston | 19/03/2024

The committee will create a common data dictionary, which will standardise concepts and definitions across new and existing reports.

Cybersecurity

FSS Korea Unveils New Initiatives to Boost Industry’s Cyber Resilience

By Editors | 19/03/2024

The FSS will establish an “autonomous security system” that FIs will be able to use to conduct IT audits and self-inspections to identify security threats.

AI Risk & Governance

S. Korea Preparing Draft Artificial Intelligence Law: Official

By Editors | 19/03/2024

The draft law will define “high-risk AI”, business operator responsibilities, the composition of AI committees, and ethical principles.

Market Abuse

China’s Didi Required to Face Investor Lawsuit Over 2021 IPO

By Editors | 19/03/2024

Besides allowing the investor lawsuit to proceed against Didi, the US court also refused to dismiss claims against banks that helped the company go public.

Resolution & Recovery

FSB Updates Guidance on Operational Continuity in Resolution

By Manesh Samtani | 19/03/2024

A supplementary note was added to address today’s dependencies on third-party providers for critical shared services, and the digitalisation of such services.