Artificial intelligence (AI) presents the opportunity to revolutionise financial services, and change how operations, risk management, and customer engagement can be conducted. With most global financial institutions already embracing AI, the industry is poised for transformative change.
This roundtable promises a dynamic exchange of ideas between top regulators and leading financial institutions from Asia and Europe, focusing on the latest trends, challenges, and opportunities surrounding AI and its regulation on a global scale. Participants will delve into the dual perspectives: that of financial institutions striving to embrace this technology as swiftly as possible, and the regulator's viewpoint on the burgeoning demand for specific AI regulation.
Two key questions will be explored by participants:
- What can financial institutions expect from regulators as they navigate their AI journeys (including both hard laws and best practice guidelines)?
- How can we create the right conditions to catalyse responsible AI innovation and experimentation?
Through this discussion, we aim to uncover common ground and formulate a path that encourages and supports AI innovation and experimentation in financial services, while simultaneously establishing the necessary safeguards and mechanisms to ensure ethical and responsible AI practices.