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AI, Technology & Data
AI Risk & Governance
MAS Says Risk of ‘Herding’ from AI Use is Low
By Editors | 02/08/2023
MAS chairman Lawrence Wong addressed queries on the impact of AI on trading platforms in financial markets.
Data Privacy
UK to Develop New Data Standards for Regulatory Reporting
By Editors | 02/08/2023
The BOE and FCA have endorsed key recommendations that will transform regulatory data collections in the UK.
Cybersecurity
Malaysia Introduces Guidelines for Technology Risk Management
By Ranamita Chakraborty | 02/08/2023
The guidelines are set to come into effect in the third quarter of 2024 to allow ample time for capital market entities to comply.
Payments & Settlements
Bangladesh Halts InterBank Transactions Due to RTGS System Glitch
By Editors | 01/08/2023
Bangladesh’s RTGS system faced technical issues, halting inter-bank transactions. Transactions through the RTGS system resumed the next day.
Data Privacy
APRA is Reviewing its Data Collections Roadmap
By Sanday Chongo Kabange | 01/08/2023
Some data collections are being prioritised to support APRA’s policy priorities for banking and to address data gaps.
Data Privacy
US Plans More Investment Curbs on China as France Bolsters Bilateral Ties
By Editors | 01/08/2023
Amid rising US-China tensions, Biden plans further tech investment curbs. Yet, France is fostering deeper economic cooperation with China.
Cybersecurity
SEC Finalises Cybersecurity Disclosure Rules for Public Companies
By Editors | 31/07/2023
Public companies will be required to disclose their cyber risk management practices and report significant incidents within four business days.
Data Privacy
China Appoints Ex-Telecom Exec to Head Up New Data Regulator
By Editors | 31/07/2023
Liu Liehong’s appointment signifies the operational readiness of China’s newly-formed agency, the National Data Bureau.
AI Risk & Governance
US SEC Proposes New Rules on the Use of Predictive Analytics and AI
By Editors | 31/07/2023
SEC proposes new rules to address conflicts in broker-dealers’ and investment advisers’ use of predictive analytics and AI.
Data Privacy
Worldcoin’s Global Launch Raises Regulatory Concerns
By Editors | 29/07/2023
UK, French and German regulators are looking into privacy concerns associated with Worldcoin’s iris-scanning data collection practices.
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