GFIN Report Calls Out Risksto Consumers fromAI- Regulation Asia
Regulation Asia The report says financial consumers could be harmed by black box approaches, data privacy issues, and AI washing …
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Covers: Regulation & PolicyBanking & FinanceCybersecurityChina & GeopoliticsChatbots & LLMsAI Agents & AutomationGovernment & Public SectorMilitary & DefensePrivacy & SurveillanceDeepfakes & Synthetic Media
MAS Issues Information Paper onAIModel Risk Management - Regulation Asia
The paper sets out good practices for managingrisksassociated with AI, including Gen AI, based on a thematic review of banks' practices …
FCA Launches "AILab" to Support Financial Sector Innovation - Regulation Asia
The FCA's Jessica Rusu said theAILab will help firms overcome challenges they face in building and implementing AI solutions …
NYDFS Issues Guidance on CombattingAI-Related Cyber Risks- Regulation Asia
Regulation Asia The guidance highlights four keythreatsarising out of AI and offers recommendations on security controls and mitigation measures …
Australia Examining Suitability of Consumer Law to Address AI Risks- Regulation Asia
Regulation Asia Treasury is consulting on whether Australian Consumer Law remains suitable to protect consumers who useAI-enabled goods and services …
MIT Researchers Create World's First Catalog of AI Risks- Regulation Asia
Regulation Asia The AI Risk Repository reveals that only 10% of AI risksare detected before deployment, underlining the importance of post-launch monitoring …
MAS Paper Warns FIs of Cyber Risks Arising from Gen AI - Regulation Asia
The paper focuses on deepfakes, GenAI-enabled phishing,AI-powered malware, data leakage and output manipulation …
CybersecurityChatbots & LLMsRegulation & PolicyDeepfakes & Synthetic Media
FIA Issues Best Practices on Managing Automated Trading Risks- Regulation Asia
Regulation Asia Related:Artificial Intelligence, Automated trading, credit controls, error …
FSB to Update 2017 Paper onAI-related Risks- Regulation Asia
Regulation AsiaFSB to Update 2017 Paper onAI-related Risks... FSB Chair Klaas Knot said this work is not currently aimed at developing policy options or regulatory …
EU Commission Launches Consultation on Use of AI in Finance - Regulation Asia
The consultation and a series of workshops target all financial stakeholders, covering use cases, benefits, barriers,risksand stakeholder needs …
China, France Commit to Jointly Address AI Risks- Regulation Asia
Regulation Asia The two countries jointly commit to promoting safe, secure, and reliable AI systems for the "common good" …
FS-ISAC Pioneers GlobalAISecurity Standards for FIs - Regulation Asia
FS-ISAC's Michael Silverman outlines how FIs integrating AI into internal processes can build cyber defences against threat actors utilising AI …
CFTC Consults onAIUses and Risksin Derivatives Markets - Regulation Asia
Responses will inform analysis on whether the CFTC should issue guidance or regulations on the use of AI in derivatives markets …
Australia to Establish Risk-based Guardrails forAIDevelopment - Regulation Asia
The government will establish mandatory guardrails to promote the safe design, development and deployment of AI systems …
Taiwan: FSC Drafts Guidelines for FIs on the Use ofAI- Regulation Asia
Regulation Asia...AI systems with higherrisks. On third-party operators of AI systems ... It aims to encourage the financial industry to introduce, use and manage AI …