AI Is a High and Important Priority: Australian Financial Market Regulator

AI Is a High and Important Priority: Australian Financial Market Regulator
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Sophia Jiang
Updated:

Australia’s corporate regulator has placed at the top of its agenda the regulation of artificial intelligence development in the financial markets amid the “new and different ” risks attached to the quickly evolving technology, partly driven by the fear of being “left behind”.

In a recent speech at a financial markets forum, Australian Securities and Investment Commission (ASIC) chairman Joe Longo made it clear that oversight of AI is crucial to the integrity of the financial ecosystem.