AI, Technology & Data

Reporting & Disclosures

Singapore Launches New Framework for Intangible Asset Disclosures

By Editors | 06/09/2023

The framework provides a systematic and consistent way for companies to disclose and communicate intangible assets to lenders, board members and investors.

Cryptocurrency

WFE Publishes Research on Exchange Engagement with Crypto Market

By Manesh Samtani | 06/09/2023

WFE survey found that almost half of the respondent exchanges already offer some crypto-related product or service in response to mostly retail demand.

AI Risk & Governance

UK House of Commons Report Calls for Dedicated Bill on AI Governance

By Manesh Samtani | 06/09/2023

Key committee outlines 12 challenges related to AI governance, calls for the introduction of a “tightly-focused” AI Bill in the next King’s Speech.

Payments & Settlements

Trade Bodies Call on Industries to Adopt eBL Declaration

By Editors | 06/09/2023

The declaration signals a commitment to collaborate on digitalisation and adopt eBLs, which will enable faster transactions, cost savings, and lowered fraud risks.

Data Privacy

Australia Consults on Feasibility of ‘Screen Scraping’ Ban

By Editors | 06/09/2023

New discussion paper seeks views on a recommendation to ban screen scraping in situations where the CDR is a viable alternative.

Emerging Prudential Risks

FSB Warns of ‘Further Shocks’ in G20 Progress Update

By Manesh Samtani | 06/09/2023

The update also discusses the FSB’s work to address NBFI risks, implement its recommendations on crypto regulations, and respond to climate-related risks.

Payments & Settlements

SEBI Plans to Move to One-Hour Stock Settlement Cycle

By Editors | 06/09/2023

India just completed a move from T+2 to T+1 settlement in January. Reportedly, implementation of one-hour settlement is likely by March 2024.

Payments & Settlements

RBI Permits Banks to Use UPI With Credit Lines

By Sanday Chongo Kabange | 05/09/2023

Scheduled commercial banks can now transfer funds to and from credit lines through the UPI system.

Cybersecurity

Germany’s BaFin Suffering DDoS Attack Since Friday

By Editors | 04/09/2023

BaFin apologised for the inconvenience and said it is working “intensively” to restore full access to its website.