In the high-speed world of energy trading, algorithms are calling more of the shots. But with greater automation comes a bigger question over who's watching the watchers?
If you’ve been feeling like everyone’s talking about AI but few are truly doing something transformative with it, you're not alone. But a new study from AuditBoard and Panterra Research shows that the most advanced organizations aren’t just dabbling in AI for governance, risk, and compliance (GRC). They’re scaling the mountain, and leaving others at base camp.
Five payment firms in Singapore just learned a costly lesson about weak anti-money laundering controls and why it won’t fly under the radar. The Monetary Authority of Singapore (MAS) has issued $710,000 (S$960,000) in composition penalties after uncovering serious compliance failures across five licensed payment institutions. The firms (Remsea, Arcade Plaza Traders, J-Dee Remittance, Mobile Community Tech, and OxPay SG) were found to have fallen short of core safeguards meant to prevent financial crime.
Australia’s banks, insurers, and superannuation funds are officially on the hook for doing a lot more than hoping things don’t go wrong. With the Australian Prudential Regulation Authority’s CPS 230 Operational Risk Management now in effect, financial institutions must prove they’re ready to weather disruptions that could bring the system, and millions of lives, to a standstill.
Tech companies love to talk about safety, but Ofcom isn’t buying the press releases. On Monday, the UK’s media and communications regulator released a fresh batch of proposals under the Online Safety Act, this time urging platforms to stop turning a blind eye to how fast harm can spread and who it hurts most.
The European Securities and Markets Authority (ESMA) has wrapped up a two-year supervisory effort into how asset managers across the EU are handling sustainability risks and disclosures, and while the overall verdict is “satisfactory,” the tone is clear that there’s still work to do.
The Office of the Comptroller of the Currency (OCC) has released its Spring 2025 Semiannual Risk Perspective, highlighting a growing list of pressures on the federal banking system, from rising commercial credit and refinance risks to increasingly sophisticated cyberattacks and compliance challenges tied to fraud and digital innovation.