Remove 2022 Remove Monetary Loss Remove Risk Management
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Lawrence Wong Addresses Regulatory Actions Following Terraform Labs’ Collapse

Fintech News

MAS has been cautioning the public about these risks since 2017 and restricted cryptocurrency advertising in public spaces in January 2022. These regulations also extend to business conduct, requiring platforms to maintain proper asset segregation, conflict of interest assessments, and risk management processes.

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Avoiding AI Pitfalls in Financial Decision-Making

The Fintech Times

.” Risks of automation dependance Sharing a similar view, Adam Ennamli , chief risk and security officer at General Bank of Canada , added: “Failures can have existential consequences, from significant monetary losses to complete loss of market trust and regulatory penalties.

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