AFME has established an Artificial Intelligence (AI) Task Force with the objectives of increasing awareness of AI in capital markets and supporting the development of future policy. These objectives are intended to enable the continued successful adoption and utilisation of this technological capability for the industry.
This first paper by the AI Task Force:
• Explores capital markets use-cases and benefits of AI;
• Identifies areas where AI may impact the risks faced by financial institutions and proposes control principles for managing those risks; and
• Suggests considerations for future policy.