Author: Euronews

The Financial Stability Board said the technology could lead to herding, fraud and disinformation, as jurisdictions such as the EU examine the case for further regulation. ADVERTISEMENTArtificial intelligence (AI) could pose a risk to the financial system, international standard-setters warned on Thursday, as they probe an innovation that’s seen significant interest among banks and other financial firms. Jurisdictions such as the EU have taken the lead in regulating the potentially transformational technology – but are worried about how to apply rules in the already highly regulated finance sector. AI may “potentially amplify certain financial sector vulnerabilities and thereby pose risks to financial stability”, despite…

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Police launched a large-scale investigation after gangs of youths conducted what Amsterdam’s mayor called ‘hit and run’ attacks on fans that were apparently inspired by calls on social media to target Jewish people. ADVERTISEMENTDutch Prime Minister Dick Schoof has cancelled a trip to COP29 climate talks in Azerbaijan so that he can stay in the Netherlands to deal with the fallout from assaults on fans of the Maccabi Tel Aviv soccer team in Amsterdam that authorities condemned as antisemitic.The government will discuss the Thursday night violence at a Cabinet meeting on Monday, Schoof posted on X, saying that he would hold…

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