AI, Technology & Data

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    Structural Regulation

    UK Regulators Announce Next Steps for Open Banking Regime

    By Mark Johnston | 18/04/2023

    A new body will be created to boost the uptake of open banking in the UK and extend its benefits to other sectors of the economy.

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    KYC & CDD

    GLEIF Maps LEIs to Records in OpenCorporates Database

    By Editors | 18/04/2023

    The mapping exercise will ensure the “highest quality reference data” is quickly and easily available to all, said GLEIF CEO Stephan Wolf.

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    Fraud, Scams & Cybercrime

    Australia Saw 80pc YoY Jump in Scam Losses in 2022

    By Editors | 18/04/2023

    Australians lost more to scams than ever before in 2022. Losses per victim rose by more than 50% to an average of almost A$20,000.

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    Data Privacy

    Australia to Investigate Amex Over Data Privacy Concerns

    By Editors | 17/04/2023

    The OAIC will investigate American Express over its data handling protocols and potential national security risks.

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    Fraud, Scams & Cybercrime

    Taiwan Cabinet Approves Legislation to Bolster Anti-Fraud Effort

    By Editors | 14/04/2023

    The amendments to three bills include higher penalties for cases of personal data leakage where negligence is found.

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    AI Risk & Governance

    Tiger Brokers Tests ‘TigerGPT’ Chatbot as Investment Assistant

    By Editors | 14/04/2023

    The OpenAI-powered chatbot is said to be the “first deployment of an AI investment assistant in the brokerage industry”.

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    Cybersecurity

    FSB Proposes Standard Global Approach to Cyber Incident Reporting

    By Manesh Samtani | 14/04/2023

    The FSB will establish a new working group to further develop its proposed ‘format for incident reporting exchange’, known as FIRE.

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    Climate Risk

    Blockchain Can Revolutionise Energy Sector – WEF Report

    By Editors | 13/04/2023

    The report offers guidance on conducting impact assessments of blockchain projects that encompasses environmental, social and economic impacts.

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    Supervision & Enforcement

    Taiwan FSC Signs Supervisory Cooperation MoU with NYDFS

    By Editors | 13/04/2023

    The MoU covers information sharing, financial inspections, disciplinary actions, licensing approvals, and confidentiality related to supervisory duties.

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    Emerging Prudential Risks

    Recent Banking Sector Turmoil to Inform FSB’s Policy Work

    By Editors | 12/04/2023

    FSB working with BCBS to analyse and learn from recent banking sector turmoil. Cyber incident reporting recommendations also finalised.

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