Synopsis:
The scale of AI adoption and application is changing. While the financial industry has been an early stage adopter of AI, broader access to AI tools and recent developments in regulation are re-focusing debate on the role, risks and appropriate policy responses to AI developments. The intersection of AI with social and political issues in fraud, consumer protection, data markets and security and jobs create a complicated landscape. Smaller and developing markets may face significant trade-offs between different policy objectives. Meanwhile, industry adoption and deployment of AI continues to grow and diversify, not least in faster growing markets in Asia.
This session will provide a sharp introduction to the practical policy concerns of central banks and financial services regulators.
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