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ARTICLE · 06 DECEMBER 2017

Financial Stability Board Releases Report On Financial Stability Implications Of Artificial Intelligence And Machine Learning

McCarthy Tétrault
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On November 1, 2017, the Financial Stability Board (the "FSB")[1] published its report on the market developments and financial stability implications of artificial intelligence ("AI") ...

CanadaTechnology
CyberLex Blog
CyberLex Blog
Ana Badour
Ana Badour
Kirsten Thompson
Kirsten Thompson
Carole Piovesan
Carole Piovesan
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On November 1, 2017, the Financial Stability Board (the "FSB")1 published its report on the market developments and financial stability implications of artificial intelligence ("AI") and machine learning in financial services. The FSB noted that the use of AI and machine learning in financial services is rapidly growing and that the application of such technologies to financial services are evolving.

"Use Cases" of AI and Machine Learning in the Financial Sector

The FSB identified current and potential types of use cases of AI and machine learning in financial services, including: "(i) customer-focused uses, (ii) operations-focused uses, (iii) uses for trading and portfolio management in financial markets, and (iv) uses by financial institutions for Regulatory Technology ("RegTech") or by public authorities for supervision ("SupTech")."

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