Joshua Rosenberg @_jrosenberg

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Joshua Rosenberg @_jrosenberg

2 years ago

"The progress report highlighted the process of the ABIF [ASEAN Banking Integration Framework] review based on three (3) fundamentals, namely: (i) institutional arrangements; (ii) flow of services to include cross-border digital financial services; and (iii) regulatory…

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Joshua Rosenberg @_jrosenberg

2 years ago

"And this is now dovetailing with the generative AI revolution, which – like all technological revolutions – is likely to both destroy some jobs and create new ones. According to one estimate, more than a quarter of jobs in advanced economies rely on skills that could easily be…

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Joshua Rosenberg @_jrosenberg

2 years ago

"Management’s and auditors’ risk assessment processes are critical to the decisions regarding financial reporting and the effectiveness of internal control over financial reporting (ICFR). Accordingly, we are troubled by instances in which management and auditors appear too…

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Joshua Rosenberg @_jrosenberg

2 years ago

"State Bank of Vietnam (SBV), the central bank of Viet Nam, has officially joined the Regional Payment Connectivity (RPC) initiative. … The RPC initiative was established to strengthen and enhance collaboration on payment connectivity through the development of faster, cheaper,…

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Joshua Rosenberg @_jrosenberg

2 years ago

"As with other new technologies, the CSSF’s and EU authorities’ task will be to provide an adequate framework for the use of AI in finance, taking into account both the advantages and risks associated with AI, so that the technology can be used safely. Another focus will be on…

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Joshua Rosenberg @_jrosenberg

2 years ago

"While examining financial institution readiness for digital bank runs, which are more likely in a new financial environment that includes mobile banking, authorities need preemptive management to prevent excessive market jitters by coming up with liquidity support measures for…

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Joshua Rosenberg @_jrosenberg

2 years ago

"Digital Payment Security Control Guidelines have been issued to address the risks in digital payment products. Guidelines for digital lending – an emerging area – have also been issued. In fact, it will not be off the mark to say that almost the entire regulatory and…

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Joshua Rosenberg @_jrosenberg

2 years ago

"Among other things, HB 1666 [Texas' Digital Asset Service Provider legislation] implements the following requirements to qualifying DASPs: • Prohibit DASPs from commingling customer funds with funds belonging to the provider; • Requires a provider to maintain reserves in an…

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Joshua Rosenberg @_jrosenberg

2 years ago

"The survey responses suggest that a few CCPs [Central Counterparties] appear to have room for continued improvement in their approach to addressing funding or liquidity gaps. These include cases of (i) failure to identify available tools or resources to address potential…

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Joshua Rosenberg @_jrosenberg

2 years ago

"The Riksbank [Sweden's central bank] is focusing more on the design of an e-krona that can be issued, and on investigating what amendments are required to existing legislation should the Riksdag decide to issue an e-krona." riksbank.se/en-gb/press-an…

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Joshua Rosenberg @_jrosenberg

2 years ago

"Successful micropayment systems and solutions will not only minimise transaction costs, but make such transactions a common, established practice. In terms of technology, it is worth noting that most recent initiatives have used DLT, although there does not seem to be any…

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Joshua Rosenberg @_jrosenberg

2 years ago

"Like any innovation, generative AI will bring benefits and risks, and we don’t yet know what they will be. For this reason, financial regulators globally are beginning to consider the implications for financial stability. When APRA’s latest Corporate Plan is released next week,…