05.01.25
Regulators Urged To Take Risk-Based Approach Toward AI
by: James Van Bramer
At a recent Securities and Exchange Commission roundtable on AI in financial services, panelists from major financial institutions, academia and technology firms warned that the speed of innovation is outpacing traditional regulatory frameworks. The sessions focused on both the risks and rewards of AI, as well as best practices for oversight and investor protection. Nearly all participants agreed that a principles-based, risk-focused regulatory framework, clear communication and ongoing education will be essential as AI becomes further embedded in the financial system.
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