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…

Read More