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AI Risk & Governance
Hong Kong AFRC Issues AI Governance Guidance for Accountants
By Sanday Chongo Kabange | 27/02/2026
The AFRC has detailed the risks of AI use in the accounting profession and expectations around governance and accountability.

Emerging Prudential Risks
BCBS Consults on New Consolidated Framework for Banking Guidelines
By Manesh Samtani | 27/02/2026
The move aims to consolidate and streamline existing materials, cutting volume by 75%, without introducing new prudential expectations for banks.

Cybersecurity
MAS Tightens Incident Reporting Framework for Fund Managers, Trust Firms
By Nithya Subramanian | 27/02/2026
MAS has introduced stricter one-hour breach notifications and mandatory 24-hour and 14-day incident reporting requirements, seeking to strengthen standards across Singapore’s financial sector.

AI Risk & Governance
Korea Launches Automated Service for Requesting Lower Loan Rates
By Sanday Chongo Kabange | 26/02/2026
New service allows MyData firms to automatically request lower loan rates for consumers, aiming to boost uptake of an existing right.

Fraud, Scams & Cybercrime
Asia Pacific and the Shape of Fraud to Come
By Bradley Maclean | 26/02/2026
As scams become an industrial operation in Asia-Pacific, the region offers a glimpse into the future of global digital fraud.

Cloud & Infrastructure
Sri Lanka Launches Centralised Insurance Data Repository
By Nithya Subramanian | 26/02/2026
The IRCSL has launched a data repository in partnership with CRIB, aiming to enhance risk assessment, curb fraud, and modernise the insurance sector through unified, real-time data sharing.

Payments & Settlements
Philippines Tables Bill to Mandate Digital Payments for Government and Merchants
By Sanday Chongo Kabange | 26/02/2026
A sweeping bill advancing in the Philippine legislature seeks to mandate digital payments for both government and merchant transactions, creating a new multi-agency oversight body.

Data Privacy
Vietnam Weighs Linking Social Media Accounts to National ID System
By Nithya Subramanian | 26/02/2026
The initiative is aimed at curbing fake accounts, strengthening cybersecurity, and accelerating the country’s broader digital transformation goals.

Structural Regulation
India’s IFSCA Proposes New Framework for Electronic Trading Platforms
By Nithya Subramanian | 25/02/2026
The draft framework mandates USD 1 million minimum net worth and "fit and proper" management for GIFT City electronic trading platforms.

AI Risk & Governance
RBI Partners with Digital India to Launch Multilingual Banking AI
By Nithya Subramanian | 25/02/2026
The partnership will develop AI language models for banking, aimed at enhancing financial inclusion by enabling services in multiple Indian languages.
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