Regulators having to abandon silos in age of AI, says tech exec
Central Banking Meetings hear how technological revolution is shaping supervisors’ responses
Developments in artificial intelligence are leading to a shift in the ways regulators are having to manage risks to the financial system, a senior executive at a technology services firm has said.
Speaking at the Central Banking Meetings, Kuala Lumpur, on April 1, the executive said the old, siloed approach to supervision was breaking down as AI presented new and constantly evolving technological risks. Regulatory authorities were increasingly having to talk to each other to deal with the new
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