AI regulation in finance – Overview

AI is rapidly advancing and looks set to impact societies and businesses across many sectors, through reducing costs, increasing productivity and fostering innovative services.

Alongside its many benefits, AI also has the potential to cause significant harm, including opaque decision-making, inadvertent discrimination, privacy infringements, disinformation and the potential for false and/or biased results. Ethical and legal issues raised by the advance of AI have been the focus of extensive discussions.

With the increasing capabilities of AI and its adoption by a wider range of organisations, policymakers, researchers and societies need clear guidance and a well-structured regulatory framework.

Read our series on AI regulation in finance