NZ regulator consults on new rules for boosting operational and cyber resilience
Source: New Zealand Financial Market Authority
The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – today released a consultation document on its proposal to introduce a new standard condition for certain financial market licence holders.
JPMorgan Chase Fined $4 Million by SEC for Accidental Deletion of 47 Million Email
SEC Fines JPMorgan Chase $4 Million for Accidental Deletion of 47 Million Emails.
ADGM implements sustainable finance regulatory framework
Source: ADGM
Abu Dhabi Global Market (ADGM) today announced the implementation of its sustainable finance regulatory framework with immediate effect, following significant support received through public consultation, reinforcing its position as a leading sustainable financial hub and a natural hub for sustainable finance activities.
UK regulators set out next steps to help UK open banking grow
Source: FCA
The Joint Regulatory Oversight Committee (JROC) has today set out an ambitious programme of work to take forward recommendations for the next phase of open banking in the UK.
UK Parliamentary Group Urges Urgent Cryptocurrency Regulation and Appointment of 'Crypto Tsar
After conducting a thorough 10-month inquiry, a bipartisan group of Members of Parliament (MPs) and Lords in the UK Parliament has called for immediate regulation of the cryptocurrency sector and the appointment of a 'Crypto Tsar' to coordinate the government's approach.
Japanese Privacy Watchdog Warns OpenAI over Sensitive Data Collection
The Personal Information Protection Commission, a privacy watchdog in Japan, has issued a cautionary notice to OpenAI regarding the collection of sensitive data without obtaining individuals' consent.
G7 Officials to Convene in Japan to Address Challenges of Generative AI: Focus on Governance and Regulation
On May 30th, national officials from the G7 countries will convene in Japan to address the challenges presented by generative AI tools, such as ChatGPT.
NYDFS fines OneMain for cybersecurity violations
Source: NYDFS
Superintendent of Financial Services Adrienne A. Harris announced today that OneMain Financial Group LLC (“OneMain”) will pay a $4.25 million penalty to New York State for violations of DFS’s Cybersecurity Regulation (23 NYCRR Part 500).
