AI, Technology & Data

AI Risk & Governance

FSB Reports on ‘Rise of the Financial Machines’, Backs Regtech

By Samuel Riding | 02/11/2017

Report suggests AI and machine learning could create new systemically important players, warns on opacity, audit difficulty.

Cybersecurity

HK Brokers Face Cost Squeeze from Cybersecurity Guidelines

By JP Reimann | 30/10/2017

Brokers will be required to use 2FA for client log-ins; implement raft of new measures including management responsibility, stress tests.

Structural Regulation

Guangdong, HK to Boost Financial Cooperation

By Editors | 30/10/2017

Governments to relax restrictions on cross-border business operations and boost RMB flows; cooperate further on fintech and green finance.

Structural Regulation

Here’s Sand in Your Eye

By Karen Chiu | 26/10/2017

**Why fintech (financial technology) sandboxes aren’t necessarily the child’s play they’ve been made out to be by banks and disrupters alike.
**

Cloud & Infrastructure

Old Rivals Hong Kong, Singapore Launch Fintech Tie-up

By Editors | 26/10/2017

Decision to work together on distributed ledger, other fintech initiatives belie reputed rivalry between two financial centres.

KYC & CDD

RBI Confirms ID-Bank Account Link Compulsory, to Create Public Credit Registry

By Editors | 25/10/2017

Central bank says Aadhar cards must be linked to bank account; proposed credit registry to be open to ‘all stakeholders’.

AI Risk & Governance

Bank of Japan Investigating Use of Supervisory Technology

By Editors | 23/10/2017

Central bank suggests financial market supervisors use of technology is one of the highest priorities in global regulation.

Cybersecurity

Taiwan FSC to Establish Platform for Information Security

By Editors | 19/10/2017

Order issued after reports that hackers breached bank’s online transaction system and stole $60mn which was distributed via SWIFT.

Structural Regulation

New Zealand Exempts Personalised Robo-advice from Licensing Regime

By Editors | 19/10/2017

Providers still need to be pre-approved to offer financial advice; new rules formalising licensing of robo-advice per se expected in 2019.