AI could amplify financial stability risks – BIS’s Zhang
Technology may increase speed and intensity of how stress propagates through system, says official
The rise of artificial intelligence in the financial system could amplify the intensity, speed and complexity of stability risks, a senior official at the Bank for International Settlements has warned.
Speaking at the Asian Financial Forum in Hong Kong on January 26, Zhang Tao, the chief representative for the BIS’s Asia-Pacific office, said developments in AI and digital finance raised “important questions” for financial stability.
Zhang said AI could speed up trading and thus intensify short
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