AI, Technology & Data

Data Privacy

China Proposes to Tighten Rules on Use of Facial Recognition Tech

By Editors | 11/08/2023

The draft rules prohibit the misuse of facial recognition technology by entities and in public spaces including banks.

Data Privacy

Global Law Firm Dentons to Split Off China Operations

By Editors | 10/08/2023

The move is a response to “new mandates and requirements relating to data privacy, cybersecurity, capital control and governance”.

AI Risk & Governance

US Issues Executive Order to Further Limit Investment in Chinese Tech

By Editors | 10/08/2023

The order targets investments in advanced computer chips, microelectronics, quantum information technologies, and artificial intelligence.

Structural Regulation

Cambodia to Leverage Indonesia Experience to Strengthen Non-Bank Financial Sectors 

By Editors | 10/08/2023

The MoU will help Cambodia enhance its non-bank financial services sectors, focusing on knowledge exchange and collaborative development.

Cybersecurity

NIST Solicits Feedback on Revamped Cybersecurity Framework

By Editors | 09/08/2023

NIST invites feedback on its updated Cybersecurity Framework 2.0 draft by 4 November 2023.

Fraud, Scams & Cybercrime

OCBC Integrates Anti-Malware Feature in Mobile Banking App

By Manesh Samtani | 08/08/2023

OCBC’s digital banking app will now only work on mobile devices if their mobile apps are all downloaded from official app stores.

AI Risk & Governance

MAS Earmarks S$150m to Propel Innovation in Financial Sector

By Editors | 08/08/2023

MAS earmarked SGD 150 million for financial tech advancements, aiming to foster innovation and support the evolving fintech ecosystem.

Credit Risk

EBA Issues Report on the Use of Machine Learning for IRB Models

By Manesh Samtani | 07/08/2023

The report proposes a set of principle-based recommendations to ensure the appropriate use of ML techniques by institutions in the context of IRB models.

Trading & Investment

UK FCA Publishes Supervisory Strategy for Principal Trading Firms

By Mark Johnston | 05/08/2023

The FCA underlines operational resilience and Brexit’s implications among its its key supervisory priorities for principal trading firms.