IOSCO consults on AI in capital markets | Global Regulation Tomorrow
The purpose of the consultation report is to create a shared understanding among IOSCO members of the issues,risksand challenges that emerging AI …
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The foundations of trustworthy AI in the financial sector | Global Regulation Tomorrow
In his speech Mr Denis discusses, from a supervisor's perspective, the opportunities andrisksof AI and then the conditions necessary for effective …
Treasury Committee launches call for evidence on AI in financial services
Global Regulation Tomorrow The benefits andrisksto consumers arising from AI, particularly for vulnerable consumers. How Government and financial regulators can strike the …
Banking & FinanceRegulation & PolicyGovernment & Public Sector
Government publishes newAICyber Security Code of Practice and implementation guide
Global Regulation Tomorrow...AI is needed due to the distinct differences between AI and software, including securityrisksfrom “data poisoning, model obfuscation, indirect …
CybersecurityGovernment & Public SectorMedia & Creative WorkRegulation & Policy
UK Finance report: Generative AI in Action: Opportunities &Risk Management in Financial Services
Global Regulation Tomorrow The report looks at the current and emerging use cases of generativeartificial intelligence(AI) in the financial sector, along with emergingrisk …
BIS paper - Regulating AI in the financial sector: recent developments and main challenges
Global Regulation Tomorrow In summary, the paper notes that while AI exacerbates existingriskssuch as modelriskand data privacy, it does not introduce fundamentally new …
BoE and FCA publish results of third survey on AI in UK financial services
Global Regulation Tomorrow Benefits andrisksof AI: The report notes that the highest perceived current benefits are in data and analytical insights, anti-money laundering …
FSB report on global stability implications ofAI| Global Regulation Tomorrow
Global Regulation Tomorrow Existing regulatory and supervisory frameworks already require financial institutions to address cyber and operationalrisks, as well as to manage …
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BoE speech - Engaging with the machine:AI and financial stability | Global Regulation Tomorrow
But for the financial sector to harness those benefits financial regulators must have policy frameworks that are designed to manage anyrisksto …
Regulation & PolicyBanking & FinanceGovernance & Risk Management
Engaging with the machine:AI and financial stability − speech by Sarah Breeden
Global Regulation Tomorrow Many firms are also using AI to mitigate the externalrisksthey face from cyber-attack (37%), fraud (33%) and money laundering (20%). Another …
FCA speech on ten years of innovation and launch of newAILab
Global Regulation Tomorrow...AI risksand opportunities in a collaborative environment, where regulators and industry can “engage candidly and openly”. The AI Lab will be made …
The AI adventure – howartificial intelligencemay shape the economy and the financial system
Global Regulation Tomorrow Regulators and policymakers should maintain a healthy balance between harnessing the benefits of innovation while mitigating therisks. The FSB is …