INTRODUCTION – On 28 October 2024, the Financial Services and Treasury Bureau (“FSTB”) of Hong Kong issued a policy statement on the responsible application of artificial intelligence (“AI”) in the financial market (“Policy Statement”)1. The Policy Statement seeks to balance the promotion of AI development whilst mitigating the associated risks to cybersecurity, the protection of intellectual property rights, and data privacy, under a “dual-track approach”….
By: Mayer Brown
By: Mayer Brown
