WASHINGTON : Wall Street's top regulator is developing rules to govern the use of artificial intelligence on trading platforms, which poses a risk of conflicts of interest, the agency chief said in a speech on Monday.The U.S. Securities and Exchange Commission will also need 'new thinking' to confront cha
WASHINGTON : Wall Street's top regulator is developing rules to govern the use of artificial intelligence on trading platforms, which poses a risk of conflicts of interest, the agency chief said in a speech on Monday.
Gensler's remarks are part of a broader U.S. government effort to promote what officials call"responsible" innovation while also managing what they say are threats the emerging technology poses to public safety. AI could also amplify the world financial system's interconnectedness, something for which current risk management models may not be prepared, Gensler said.
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