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UK regulators must do more to tackle AI risks to financial services, MPs warn
Warning comes in report which is result of year-long inquiry by Treasury Committee, based on written submissions, correspondence from tech firms, and oral evidence by experts and regulators.
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How the ‘Brussels effect’ backfired
Once a model for the world, the EU’s rulemaking machine has faltered under the weight of its own ambition.
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New York, London, and Singapore top city-level ranking of financial hubs
Ranking is based on each city’s ability to adapt to a constantly evolving financial landscape by updating regulations, creating talent pools, and encouraging innovation.
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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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Junior roles at risk of being replaced by AI, survey reveals
UK public and private-sector organizations are adopting AI into their workflows, with experts saying the tech is now a necessary part of operations.
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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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Switzerland seeks to balance stablecoin regulation with growth
The country has a strong history of stable and secure traditional banking; now, it wants to take that reputation into new tech and decentralized finance.
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Hong Kong’s Fintech 2030 strategy to focus on AI, data, and tokenization
Key objectives include establishing next-gen infrastructure, AI adoption, enhancing tech resilience, and making tokenization part of mainstream finance.