AI, Technology & Data

Structural Regulation

SIFMA Backs Lawsuit Against SEC Over CAT Funding Model

By Mark Johnston | 19/02/2024

SIFMA and others say the SEC has unlawfully imposed “massive costs” on broker-dealers and investors by adopting a revised CAT funding model.

ESG Data

IFC Releases AI-powered ESG Analysis Tool for Emerging Markets

By ESG Investor | 16/02/2024

Amundi helped to develop the tool, which was tested with New Development Bank, an export credit agency, and a capital markets regulator.

Cybersecurity

Korea Launches “Mock” Hacking Exercise Against Banks

By Manesh Samtani | 16/02/2024

Unlike conventional tabletop exercises that involve pre-agreed scenarios, the exercise will involve surprise hacking attempts against banks by ‘white hat’ hackers.

AI Risk & Governance

US SEC Chair Warns Companies Against ‘AI Washing’

By Nithya Subramanian | 15/02/2024

Gary Gensler has asked companies looking to raise money from the public to be truthful and transparent about their use of AI and the associated risks.

CBDCs

RBI to Enable CBDC Programmability, Offline Functionality

By Ajoy K Das | 10/02/2024

RBI statement also said it will introduce a new principle-based framework for the authentication of digital payment transactions.

Fraud, Scams & Cybercrime

India: Industry Body to Publish Whitelist of Digital Lenders

By Ajoy K Das | 09/02/2024

The Digital Lenders’ Association of India said borrowers will be able to use the list to protect themselves against scammers and fake apps.

AI Risk & Governance

US Launches AI Safety Consortium With 225 Members

By Editors | 09/02/2024

Members include OpenAI, Google, Microsoft, Meta, Apple, Amazon, Nvidia, JPMorgan Chase, Bank of America, Mastercard, Visa and others.

Cloud & Infrastructure

Operational Procedures Updated for GBA Fintech Facility

By Sanday Chongo Kabange | 09/02/2024

The HKMA, PBOC and AMCM updated their operational procedures to reflect Macau’s participation in the facility.

AI Risk & Governance

BOK Working to Improve Inflation Forecasting With AI Models

By Editors | 08/02/2024

Bank of Korea report discusses progress improve inflation forecasting accuracy using AI/ML and big data technologies.