FSB Urges Stricter Oversight to Address AI Vulnerabilities in Finance

FSB Urges Stricter Oversight to Address AI Vulnerabilities in Finance

The Financial Stability Board (FSB) has released a comprehensive report addressing the opportunities and risks posed by artificial intelligence (AI) in financial services. The paper, titled "The Financial Stability Implications of Artificial Intelligence," was published on November 14, shedding light on how AI is reshaping global financial systems while amplifying vulnerabilities. Benefits and Risks of AI in Finance The FSB acknowledges th...

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