AI in Finance: Regulators are Watching Closely
Update: 2025-10-10
Description
Is AI about to destabilize global finance? Regulators are sounding the alarm about banks' growing reliance on a few AI models, warning it could create systemic risks. The Financial Stability Board and the Bank for International Settlements are urging central banks to boost their AI expertise and oversight to prevent potential tech failures or hacks from triggering widespread financial chaos.
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