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...
by Theresa Joy Lacatan | Jan 6, 2025 | Blog News, Crypto News
On 2 January 2025, Gary Gensler, Chair of the United States Securities and Exchange Commission (US SEC), gave an official statement announcing a rule change approved by the US SEC. The new regulation, proposed by the Public Company Accounting Oversight Board (PCAOB),...
by Theresa Joy Lacatan | Jan 3, 2025 | Blog News, Crypto News
On 2 January 2025, the Monetary Authority of Singapore (MAS) announced initiatives to promote the use of Fit notes and digital gifting during the upcoming Lunar New Year festivities. By encouraging the public to opt for these environmentally friendly alternatives over...
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...
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’...
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...