Regulators must think bigger to tackle tech risks, says Hong Kong SFC

What happened: The head of the Hong Kong Securities and Futures Commission said regulators must co-operate across borders and look beyond the financial sector to address technology risks to financial stability. Why it matters: Julie Leung said the next stress event may come from technology, which she described as outside regulators' parameters, as AI adoption and cyber security threats pose global stability challenges.

The head of the Hong Kong Securities and Futures Commission said regulators must co-operate across borders and look beyond the financial sector to address technology risks to financial stability.

Julie Leung said the next stress event may come from technology, which she described as outside regulators' parameters, as AI adoption and cyber security threats pose global stability challenges.