Top global banking regulator urges banks to anticipate risks from AI and ML use, citing potential impact on global financial stability.
Top global banking regulator urges banks to anticipate risks from using AI and ML in daily operations, citing unanswered questions on whether their use affects global financial stability. Bank of Spain Governor Pablo Hernandez de Cos warns that AI could potentially amplify future banking crises, highlighting the need for central banks and regulators to collaborate on an appropriate regulatory baseline for AI and ML use.
April 17, 2024
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