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.

Financial institutions, supervisors, and academia around the world recognize that extreme climate events, as well as a disorderly transition to a low-carbon economy, could have destabilizing effects on the financial system. Climate-related financial risks, stemming from physical and transition risks, pose new challenges to financial authorities and institutions because they are subject to substantial uncertainty, long time horizons and tail-risk. The possible simultaneous occurrence of climate-risks across multiple jurisdictions and sectors also has implications for financial soundness.

To better understand how these climate-related physical and transition risks affect financial soundness, the BIS Innovation Hub Singapore Centre is hosting a roundtable at the Singapore FinTech Festival. The roundtable brings together central bankers, industry experts, and thought leaders from academia and the private sector to advance the discourse on how to bolster the financial sector’s resilience to environmental risks.

The roundtable discussion is split into two parts. In the first, participants will provide insights on both private and public sector programs/projects and use cases to bolster the resilience of financial institutions to environmental risks. In the second, participants will look ahead and share their views on how we can further develop our efforts to prepare financial institutions for the climate-related challenges to come.