AI, Technology & Data

Conduct, Culture & Accountability

Hong Kong: An Ecosystem Approach to Bank Culture Reform

By Jeffrey Kupfer | 21/05/2019

The HKMA is addressing culture and conduct risk by learning from other markets, engaging with other regulators, and exploring new technology, say Jeff Kupfer and Stephen Scott at Starling Trust.

Trading & Investment

Koscom to Open Robo-Advisory Testbed from 3 June

By Editors | 17/05/2019

Robo-advisory services will have to undergo testing and verification before they can be used to directly manage funds and entrusted assets under new enabling FSC regulations.

AI Risk & Governance

Artificial Intelligence Holds “Immense Potential” for Risk Management – MAS

By Garima Chitkara | 16/05/2019

MAS is using artificial intelligence tools for risk detection and market surveillance, while also working to strengthen protections against cyber risk, data breaches and AI-based discrimination.

Cloud & Infrastructure

S. Korea Accepts Eight More Fintech Sandbox Participants

By Editors | 16/05/2019

The FSC has approved eight more fintech services for the regulatory sandbox, bringing the total number of approved companies to 26.

CBDCs

Hong Kong, Thailand Central Banks Sign Fintech Collaboration Agreement

By Editors | 15/05/2019

HKMA and BOT have agreed to collaborate on fintech innovation, including through a joint research project on the development of a central bank digital currency.

Structural Regulation

Korea to Ease Data Barriers Within Financial Services Firms

By Editors | 13/05/2019

In addition to easing information barriers within financial services firms, the FSC will also allow them to outsource their core businesses to third parties with as fintech startups.

Cybersecurity

SWIFT Responds to India Cyber Threat With New Paper

By Editors | 13/05/2019

SWIFT has published a new paper to help financial institutions in India improve their monitoring of anomalous and potentially fraudulent transactions.

Cybersecurity

Financial Sector Cyber Resilience Relies on Global Cooperation – FSB

By Editors | 12/05/2019

Successful cooperation on cyber security will enhance financial sector resilience and prevent fragmentation, said the FSB’s secretary general Dietrich Domanski in speech to the G7.

AI Risk & Governance

SEBI Directs Mutual Funds to Report on AI, ML Use

By Editors | 10/05/2019

Mutual funds will have to report on their use of AI and ML to facilitate investing, trading, dissemination of investment strategies and advice, compliance, operations and other activities.