Hong Kong Monetary Authority announced Schedule for Financial Announcements

by Theresa Joy Lacatan | Jan 3, 2025 | Blog News, Crypto News

The Hong Kong Monetary Authority (HKMA), on 31 December 2024, released its schedule for important financial announcements and updates in January 2025. Renowned for its role in maintaining monetary and banking stability, the HKMA oversees the Hong Kong dollar’s linked...

Hong Kong Solicitor Held Guilty of Breaching Hong Kong Securities & Futures Commission’s Secrecy Rules

by Theresa Joy Lacatan | Jan 3, 2025 | Blog News, Crypto News

On 2 January 2025, the Hong Kong’s Securities and Futures Commission (HK SFC), announced the conviction against a practicing solicitor for breaching the secrecy provisions under the Hong Kong Securities and Futures Ordinance (HK SFO). The Eastern Magistrates’...

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 Introduces Circular on Nature-Related Financial Risks for Banks and Insurers

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

On 17 December 2024, the Swiss Financial Market Supervisory Authority (FINMA) issued its groundbreaking circular titled “Nature-related Financial Risks”. This directive establishes comprehensive guidelines for banks and insurers to identify, manage, and mitigate...

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...

Swiss Federal Council Appoints Aline Darbellay to FINMA’s Board of Directors

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

On 20 December 2024, the Swiss Federal Council announced the appointment of Aline Darbellay as a member of the Board of Directors of the Swiss Financial Market Supervisory Authority (FINMA). Aline Darbellay is an expert in financial market law and will succeed Susan...