United States SEC Establishes Cyber and Emerging Technologies Unit to Strengthen Investor Protection

by Theresa Joy Lacatan | Feb 25, 2025 | AI News, Blog News

On 20 February 2025, the United States Securities and Exchange Commission (US SEC) announced the creation of the Cyber and Emerging Technologies Unit (CETU). This unit replaces the Crypto Assets and Cyber Unit and will focus on combatting cyber-related misconduct and...

IMF Publishes Blog on How Artificial Intelligence will Affect Asia’s Economies

by Theresa Joy Lacatan | Jan 9, 2025 | AI News, Blog News

On 5 January 2025, International Mometary Fund (IMF) published a blog titled ‘How Artificial Intelligence Will Affect Asia’s Economies’, discussing the implications of artificial intelligence (AI) on labour markets across the Asia-Pacific region. The blog, based on...

BIS Insights on Regulating AI in the financial sector: Challenges and Opportunities

by Theresa Joy Lacatan | Jan 6, 2025 | AI News, Blog News

On 12 December 2024, the Bank for International Settlements (BIS) released a FSI Insights on policy implementation No 63 titled “Regulating AI in the Financial Sector: Recent Developments and Main Challenges.” This information paper, authored by the...

RBI Launches Framework for Responsible AI in Finance, Constitutes FREE-AI Committee

by Theresa Joy Lacatan | Dec 31, 2024 | AI News, Blog News

On 26 December 2024, the Reserve Bank of India (RBI) announced the formation of the Committee for the Framework for Responsible and Ethical Enablement of Artificial Intelligence (FREE-AI) in the financial sector. This initiative, introduced in the Developmental and...

Swiss FINMA Issues Guidance on Governance and Risk Management in Artificial Intelligence Applications

by Theresa Joy Lacatan | Dec 30, 2024 | AI News, Blog News

On 18 December 2024, the Swiss Financial Market Supervisory Authority (FINMA) issued FINMA Guidance 08/2024 ‘Governance and risk management when using artificial intelligence’ for supervised financial institutions using artificial intelligence (AI). This move...

MAS Publishes Information Paper for Ethical Practices in Implementation of AI in Banking

by Theresa Joy Lacatan | Dec 9, 2024 | AI News, Blog News

On 5 December 2024, the Monetary Authority of Singapore published an information paper outlining good and ethical practices for Artificial Intelligence (AI) and Generative AI model risk management. The paper is based on the findings of thematic review conducted in...