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IOSCO publishes AI usage guidance

IOSCO has published guidance for supervisors of intermediaries and asset management firms when they use AI and machine learning.  It notes both the benefits and the risks of usage, and says that as use is growing, regulators need to understand how to mitigate potential risks and prevent consumer harm.  To this end, it has identified 6 measures that firms should have in place, and published some examples of how regulators are addressing the challenges the use of AI and ML creates.

Emma Radmore