💡 Did you know? That #financial# authorities face significant challenges implementing suptech due to budget, #data# quality, and technical skills limitations! ➡️ Learn more: #regtech# #digitaltransformation# #financialauthorities# 📊💻

Four financial authorities set out what they expect from AI in finance in the past two weeks. It was a busy fortnight for crypto regulation too: 🇬🇧 The BoE wants frontier AI models tested before and after deployment 🇸🇬 MAS finalizes its AI guidelines, effective October 2027 🇺🇸 The CFTC opens a crypto rulemaking 🇺🇸 FinCEN withdraws its unhosted wallet and mixer proposals 🇬🇧 The FCA’s crypto authorization gateway is open The details are in our biweekly Crypto reg affairs roundup:

We are partnering with 5 financial authorities to develop cutting-edge #suptech# prototypes advancing #ConsumerProtection# supervision: @SEC_Philippines , @BangkoSentral, @thebankofghana , @ojkindonesia @SBSPERU . #suptech# #regtech# #financialsupervision# #techcompetition#

#Suptech# can play a major role in helping financial authorities collect and analyze granular #genderdata#. Gender-disaggregated data is essential in closing the gender gap in financial inclusion. Read more ➡️: [ #fintech# #regtech# #digitaltransformation#

South Korea Unveils Emergency Measures on Single-Stock Leveraged ETFs South Korean financial authorities have announced strict regulatory updates targeting single-stock leveraged ETFs (such as @Samsung & @SKhynix products) to cool market overheating and protect retail investors: 1. No New Listings & Ads: Temporary suspension on new single-stock products (including inverse & covered calls) and an immediate ban on marketing for existing ones. 2. Tighter Tracking Error: LP tracking error limit reduced from 3% to 2% for all ETFs/ETNs, with faster "cautionary stock" designations. 3. Strict Capital Requirements: Minimum deposit requirement raised from 10M to 30M KRW—payable only in CASH (no substitute securities). This applies to both domestic and overseas single-stock leveraged products. 4. Trading & Education: Mandatory education increased to 3 hours (with quizzes), automated loss-warning push notifications, and minimum trading units for domestic products increased to 20 shares. These measures aim to curb high-risk speculation amidst rising tech stock volatility.

🚨TOM LEE: KOREA STOCKS NEARING THE BOTTOM! Fundstrat’s Tom Lee says South Korea’s market is likely in the final stages of bottoming after policymakers showed clear “panic.” He points to the emergency financial authorities meeting held amid the KOSPI rout. Lee cites legendary fund manager David Tepper: “Markets stop panicking when policymakers start panicking.”