FSC chairman Kim Joo-hyun asked FIs to actively invest in and use AI to strengthen the global competitiveness of Korea's financial industry.
May 19, 2023The new handbook is intended as a guide for central banks that are considering the potential implementation of CBDCs with offline functionality.
May 12, 2023A verification system has also been introduced for use in examinations of AI-driven credit scoring models deployed by credit bureaus.
April 19, 2023Five principles will guide the use of artificial intelligence in the UK. In future, a statutory duty may require regulators to have due regard to the principles.
April 5, 2023The subsidiary legislation covers operational and technical matters and the introduction of a more robust regulatory regime for securities registrars.
March 28, 2023Regulated entities have one month to provide SEBI with details of the cloud services they have deployed and 12 months to ensure full compliance with the new framework.
March 9, 2023The ABS Culture and Conduct Steering Group will seek to further build trust by strengthening digital banking security and highlighting banking practices that may compromise consumers.
February 14, 2023Exchanges are reporting business as usual, though ION is said to be rebuilding its systems. Cybersecurity firm Crowdstrike will validate.
February 9, 2023With Coinbase leaving the market, Japanese VASPs using TRUST will likely have to switch to a different travel rule solution.
February 7, 2023The US's cautious approach to CBDCs could negatively impact the domestic economy, threaten the dollar's dominance and have implications for sanctions evasion.
January 30, 2023