Artificial intelligence
Paper offers method for evaluating machine learning models
Bank of Spain paper looks at cost and benefits of ML models for predicting credit defaults
BoE looks to gain better understanding of AI
Public-private forum will share knowledge on how artificial intelligence is used in finance
BoE open to heterodox tools in new research agenda
Traditional tools of economic analysis “cannot always answer every question”, says Andrew Bailey
Regulators must deal with AI risks – HKMA report
AI systems must keep “humans in the loop”, expert tells Central Banking
Cœuré warns of ‘black box’ problem for regulators
It “may be no coincidence” banks are turning to opaque AI for “capital optimisation”, BIS official says
Computing platforms for big data and AI
Rafael Schmidt and Bruno Tissot offer insights on developing a comprehensive information strategy
Online machine learning can warn of impending crisis – Hélène Rey
Approach avoids some of the pitfalls of other methods, the economics professor says
Balancing data policies: what Covid-19 taught us
New rules are needed for data-sharing at a national and international level
BIS expands innovation hub network
Several new locations unveiled in Europe and North America
Bank of Korea sets up digital innovation division
Korean central bank aims to increase CBDC research and create new statistics system
BoE paper: narratives can help overcome ‘radical uncertainty’
Speaking directly to the public can improve analysis and communication of policy, authors find
MAS launches framework to promote responsible AI
MAS to work with banks to fight potential biases introduced by AI tools
Campos Neto on reforming Brazil’s economy amid Covid-19 distress
Brazil’s governor details emergency asset purchase plans and backs extending SDR funding
BoE paper: mining newspaper text can boost forecasts
Authors design “powerful new method” of incorporating text information into macroeconomic forecasts
The impact of AI adoption on supervisors
Triad of AI training, supervisor data scientists and suptech needed
The long march to global growth
Liang Tao, vice-chairman of the China Banking and Insurance Regulatory Commission, says that China’s growth is fuelling innovation and modernisation, but financial regulation and governance needs to be tightened up for China to take its place at the top…
Risk manager: Central Bank of Brazil
G20 central bank has made important breakthroughs in applying ERM
Podcast: fintech predictions for 2020
Will cloud technology become mainstream? Is artificial intelligence the future of regulation? Rachael King and Adam Csabay make their fintech predictions for 2020 in the second episode of Tech Talk
European banks must improve ‘big data’ practice – EBA report
Current regulatory framework is adequate but banks must work hard to improve trust, EBA says
HKMA says banks should set up AI hub
Hong Kong lenders should establish “centre of excellence” to improve use of AI, central bank says
BoE prepares for regulatory data shake-up
Central bank keeping open mind on future of regulatory data collection
Machine learning can produce better credit scores – BIS paper
Fintech firms may be better at predicting default rates, researchers find
2020: fintech and beyond
Central bankers share their thoughts on fintech – past, present and future
The pursuit of ‘fintecgrity’
How can regulators maintain integrity at the confluence of finance and technology?