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AI Risk & Governance
MAS-Backed Consortium Develops GenAI Risk Framework
By Editors | 16/11/2023
The risk framework will enable FIs to use GenAI in a responsible manner, including by leveraging illustrative use cases to better understand its impacts.

Sustainable Finance
MAS, Temasek Trust Partner to Drive Fintech and Impact Investment
By Editors | 16/11/2023
MAS and Temasek Trust will explore the creation of a technology framework to facilitate collaborations between open technology-based platforms.

Structural Regulation
China: NFRA, CSRC Publish New Details on Scope of Responsibilities
By Editors | 16/11/2023
The NFRA was established in May as a new body to oversee all sectors of the financial industry, except securities, though it is absorbing investor protection responsibilities from the CSRC.

CBDCs
IMF Says CBDCs Can Replace Cash; Unveils Handbook
By Nithya Subramanian | 15/11/2023
IMF’s Kristalina Georgieva said that public sector should prepare to deploy CBDCs and prepare platforms that facilitate cross-border payments.

Cloud & Infrastructure
Philippines to Press On with Bank Digitalisation
By Jill Wong | 15/11/2023
The Philippines is ready to push forward the digitalization of cash payments as part of its inclusive finance model.

Sustainable Finance
Singapore to Leverage AI for Sustainability-linked Loan Issuance
By Manesh Samtani | 15/11/2023
Singapore’s Project NovA! consortium has developed MVP that uses AI to address the challenges of issuing sustainability-linked loans in the real estate sector.

KYC & CDD
Regulation Asia Awards for Excellence 2023 – Results Announcement
By Editors | 15/11/2023
Regulation Asia held its sixth annual Awards ceremony on 14 November 2023. Here we explain our methodology and announce the winners for the year.

Structural Regulation
ISDA Awarded Industry Association of the Year
By Editors | 14/11/2023
ISDA was recognised for its work providing fact-based advocacy, research and analysis across a range of initiatives

AI Risk & Governance
Accenture Awarded Outstanding Contribution to Regulatory Reforms
By Editors | 14/11/2023
Accenture was recognised for its collaboration with regulators and industry practitioners to shape the Responsible AI journey for Singapore

Anti-Money Laundering
Bank of Singapore Awarded Best Use of Artificial Intelligence in AML
By Editors | 14/11/2023
Bank of Singapore was recognised for its use of machine learning to examine client behaviours and patterns and flag potential tax evasion
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