AI
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US SEC’s Gensler Warns of Securities Market Concentration Among Cloud Computing Providers With AI
By Neil Roland
September 1, 2021, MLex
The securities industry’s outsourcing to just a few cloud computing providers that rely on artificial intelligence to process massive data volumes creates market …
Half of Asset Managers to Rely on Cloud and AI for Post-Pandemic Recovery, Survey Finds
By Wesley Bray
August 26, 2021, The Trade
Half of asset managers plan to focus their investment on technology and data infrastructure to drive their post-pandemic recovery, a report by …
Show Your Workings: Lenders Push to Demystify AI Models
By Steve Marlin
August 2, 2021, Risk
From derivatives pricing to credit card fraud detection – and a few places in between – artificial intelligence is extending its reach across …
Libor Transition Spurs Firms’ Move to AI
By Alice Tchernookova
March 23, 2021, Practice Insight from IFLR
Market participants have been keen to decry the negative impacts that the Libor transition could have on their business, but …
UK Banks Push for Ambitious Financial Services Strategy
By Daniel Thomas
February 21, 2021, Financial Times
The UK’s top banks have urged ministers to develop an ambitious strategy to boost exports of financial services after the sector was …
Remote Working High on list of Traders’ Challenges, Boosts E-Trading: JPMorgan
By Dhara Ranasinghe
February 9, 2021, Reuters
Remote working is now one of the top daily challenges facing traders and a development that will likely boost the use of technology …
Agencies May Issue Information Request on AI Adoption, Fed Official Says
By Hannah Lang
January 12, 2021, American Banker
The Federal Reserve and other banking regulators are considering a formal request for public feedback about the adoption of artificial intelligence in …
ESMA opens consultation on impact of algorithmic trading under MiFID II
By Annabel Smith
December 18, 2020, The Trade
European watchdog ESMA has released a consultation paper seeking feedback from market participants on the impact of algorithmic trading requirements set out …
Wall Street is seeing an adoption surge for complex forms of AI. But firms still need to wrap their heads around the tech — and explain it to regulators.
By Dan DeFrancesco
November 18, 2020, Business Insider
Financial firms are putting more resources towards using complex forms of machine learning. And that means they’ll also need to develop ways …
Regulators Face Hobson’s Choice
By Adrian Whelan, Brown Brothers Harriman
Originally published at the On The Regs blog
Regulators must choose to boldly embrace the new, or cautiously cling to existing ways when it …
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