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.
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).
The American Bankers Association (ABA) has called on legislators to regulate stablecoin issuers in a manner similar to banks, arguing that two bills currently under discussion fail to meet the mark.
A newly released report by the Global Financial Markets Association (GFMA) emphasizes the "transformative benefits" that distributed ledger technology (DLT) can bring to capital markets. However, the report also calls for regulators to adopt a more innovative approach to fully leverage these benefits.
Lawmakers in the European Parliament have reached a consensus on a stringent set of regulations governing the use of artificial intelligence (AI) within the European Union. The aim is to oversee AI systems, promote transparency, and enhance security.
Binance Executive Voices Concerns Over US Regulatory Environment for Crypto Businesses
New York Attorney General Letitia James has proposed a new state law designed to increase oversight of the cryptocurrency industry and boost consumer protections.
Regulators have seized First Republic Bank and sold all its deposits and most of its assets to JPMorgan Chase.