by AIP Online Bureau | May 13, 2023 | Banking & Bancassurance, Eco/Invest/Demography, International News, Regulation, Risk Management
The National Financial Regulatory Administration(NFRA) is a new government body under the State Council tasked with consolidating supervision over the multi-trillion dollar financial industry It will replace the CBIRC and absorb some supervisory functions from the...
by AIP Online Bureau | May 13, 2023 | International News, Policy, Regulation, Reinsurance, Technology
Anyone who’s tried ChatGPT, Microsoft’s Bing chatbot or Google’s Bard will have quickly learned that they have a tendency to fabricate information and confidently present it as fact. These systems, built on what’s known as large language models, also emulate the...
by AIP Online Bureau | May 13, 2023 | Indian News, Non-Life, Regulation
The move by the Aviation Working Group, a UK-based entity that monitors leasing and financing laws, could raise leasing costs for Indian airlines and hurt lessors’ confidence just as the world’s third-largest domestic market faces record growth India has...
by AIP Online Bureau | May 13, 2023 | Banking & Bancassurance, Indian News, Regulation
Balances in savings/current accounts which are not operated for 10 years, or term deposits not claimed within 10 years from date of maturity are classified as ”unclaimed deposits” Recently, the RBI has also announced the setting up of a centralised web...
by AIP Online Bureau | May 13, 2023 | Eco/Invest/Demography, International News, Non-Life, Policy, Regulation, Technology, Workplace/Employee Benefits
The European Data Protection Board, which unites Europe’s national privacy watchdogs, said in April it had set up a task force on ChatGPT, a potentially important first step towards a common policy on setting privacy rules on AI Rapid advances in artificial...
