AI, Technology & Data

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    Cybersecurity

    Regulators Paying More Attention to Banks’ Cyber Resilience: FSI Paper

    By Ranamita Chakraborty | 16/06/2023

    The paper outlines how escalating cyber threats have resulted in the development of “second-generation” cyber regulations.

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    Fraud, Scams & Cybercrime

    Singapore Minister Calls for Global Cooperation on Scams

    By Karen Ng | 15/06/2023

    Minister of State Sun Xueling said every country needs to set up the equivalent of an Anti-Scam Command and participate in information sharing

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    Cloud & Infrastructure

    Bangladesh Bank to Issue Guidelines for Digital Banking

    By Mark Johnston | 14/06/2023

    The central bank plans to finalise a new licensing framework for digital banks this month, after consulting with stakeholders.

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    PEPs & Sanctions

    China Military Pilot Training Targeted by US Export Controls

    By Mark Johnston | 14/06/2023

    US Commerce Department’s Bureau of Industry and Security added 43 entities to its Entity List for aiding China’s military modernisation programmes.

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    Cybersecurity

    ASIC Invites Regulated Entities to Assess Cyber Resilience

    By Editors | 13/06/2023

    ASIC’s cyber pulse survey will measure entities’ current cyber security and controls, governance arrangements, and incident preparedness.

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    Structural Regulation

    HSBC Forms New ‘Innovation Banking’ Division Out of SVB UK Acquisition

    By Sanday Chongo Kabange | 13/06/2023

    The new ‘HSBC Innovation Banking’ brand will roll out globally in the coming months, with innovation-focused teams in the UK, US, Israel and Hong Kong.

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    AI Risk & Governance

    MAS Launches Annual FinTech Hackcelerator, Focusing on ‘AI in Finance’

    By Sanday Chongo Kabange | 13/06/2023

    Fintech firms and solution providers are invited to address 16 problem statements related to AI in the financial services industry.

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    CBDCs

    HKMA to Start ‘Paving the Way’ for e-HKD Implementation

    By Manesh Samtani | 12/06/2023

    The HKMA expects that it will take at least two to three years to build a wholesale layer of production grade for possible e-HKD implementation.

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    Payments & Settlements

    Australia Issues New Strategic Plan for Payments System

    By Manesh Samtani | 08/06/2023

    A new licensing framework will be introduced, including for payment stablecoin issuers. RBA will explore fast payment links with other jurisdictions.

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    Anti-Money Laundering

    HKMA, Cyberport Concludes Fourth AML Regtech Lab

    By Karen Ng | 08/06/2023

    The HKMA said it aims to have all retail banks taking a “consistent, coordinated approach to real-time fraud monitoring” by September 2023.

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