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AI Risk & Governance
Fragility of Deep Learning Models May Present Systemic Risk: BOE
By Manesh Samtani | 04/09/2023
New paper says the “underlying fragility” of deep learning frameworks used by FIs increases risks for individual firms and the financial system.

Tokenisation
Swift Publishes Findings from Tokenisation Experiments
By Editors | 04/09/2023
Swift says its existing infrastructure can provide a single point of entry for FIs to move tokenised assets across blockchains.

Trading & Investment
The Future of Investment Advice
By Siva Ramachandran | 04/09/2023
Policy experts from CFA Institute discuss key regulatory and technology trends that will impact how investment advice is delivered.

Data Privacy
China Issues New Data Security Rules for Money Brokers
By Editors | 03/09/2023
The rules set out requirements for money brokers that provide data services to customers. A list of permitted data recipients is published.

Cloud & Infrastructure
FSC Korea Pledges Support for Fintech Industry
By Sanday Chongo Kabange | 31/08/2023
The FSC will improve regulations to promote fintech innovation in Korea and also support the expansion of fintech firms overseas.

Data Privacy
Australia Consults on CDR Expansion to Non-bank Lenders
By Editors | 30/08/2023
The Consumer Data Right regime will apply to the non-bank lending sector in stages, starting from 1 November 2024.

Cybersecurity
SEBI Enhances Market Infrastructure Requirements on Cyber Security
By Mark Johnston | 30/08/2023
The requirements cover data backups, the ability to rebuild critical systems, ransomware attack drills, and cyber audits.

Structural Regulation
US, China Open Communication Channels on Export Controls
By Editors | 30/08/2023
US and Chinese officials agreed to establish a new “export control enforcement information exchange” mechanism and a “commercial issues working group”.

Cybersecurity
Hackers Access FTX, BlockFi, Genesis Customer Data
By Mark Johnston | 30/08/2023
Kroll said the cyber actor targeted a T-Mobile account belonging to a Kroll employee in a “highly sophisticated SIM swapping attack”.

Cloud & Infrastructure
Australia Abruptly Halts Business Registers Upgrade Project
By Sanday Chongo Kabange | 29/08/2023
Australia is stopping work on its business registers modernisation programme due to its excessive cost and expected time-to-completion.
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