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Generative AI
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Hong Kong launches GenAI regulatory sandbox across entire financial system
The initiative will cover multiple financial sectors including banking, securities and capital markets, asset and wealth management, insurance, mandatory provident fund (MPF), and stored value facilities.
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AI x antitrust: EC opens abuse of dominance cases into both Meta and Google
The European Commission has opened twin investigations into Meta’s and Google’s conduct in relation to generative AI assistants and related services.
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Singapore consults on AI risk management in financial firms
The guideline will define MAS’s expectations on to how financial institutions establish AI oversight, risk control mechanisms, and safe use of the technology.
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AI a double-edged sword in financial fraud, UK minister warns
Incidents of financial fraud are rising in the UK, and online scams are more common than ever. Ministers are calling for using AI to address the challenge.
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Rapid spread of AI, proliferation of APIs and sovereignty key data concerns
Thales Data Threat Report also reveals that firms dismiss data compliance audits as “checkbox” exercises.
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EU publishes General-Purpose AI Code of Practice
The Code aims to help AI firms comply with the EU AI Act obligations.
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FCA & NVIDIA: A new path for AI in UK financial services
The FCA’s Supercharged Sandbox will offer a pivotal opportunity for firms to experiment safely with AI to support innovation.
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FCA and Nvidia launch scheme to help UK firms experiment with AI
Sandbox will give firms access to better data, technical expertise and regulatory support to speed up innovation.